Another theme I want to address in the course is how we evaluate risk. This is a tricky but important task... On the one hand, there is an effective mathematical language, the language of probability theory, for quantifying risk and expectation. On the other hand, there is extensive behavioral literature which strongly suggests that when we actually make our decisions, we do not always do so in the ways in which probability calculus would suggest.
Will the Steady State Economy Be Funded?
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by Kali Young
The U.S. nonprofit sector is a $1.4 trillion industry. If it were a
country, it would be one of the world’s largest economies. Wealthy
indi...
3 days ago