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.
The Economic Priority of the Seven Wealthiest Countries: More Wealth
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by Alix Underwood
Almost half of humanity lives below $6.85 per day. This population does not
consume goods and services at a rate exceeding Earth’s capac...
20 hours ago