We are deluged with data, but is more data and more rapidly acquired data actually contributing to higher quality decisions? One of the most frequent errors we observe people making is the failure to distinguish Risk from Uncertainty.
Tag:
uncertainty
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When I stumbled upon research about the effects of the economic crisis on well-being, I was primed to be curious because I had just read Louisa Jewell’s critique of Bright-Sided and the numerous comments it inspired (29 at the last count). One of the key findings from Positive Psychology studies is the so-called adaptation effect, …