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 Steady State of Beautiful Bayfield County
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by Dave Rollo
Bayfield County, Wisconsin is situated on the shores of Lake Superior, the
largest freshwater lake in the world by surface area. Deep in the...
2 days ago