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There is a call for a strategy every time the path to a given destination is not straightforward or whenever judgments are required on resources needed, their effective application, and their appropriate sequence.
“mental accounting,”
― Against the Gods: The Remarkable Story of Risk
― Against the Gods: The Remarkable Story of Risk
“There is a strong probability that the hot manager of today will be the cold manager of tomorrow, or at least the day after tomorrow, and vice versa. This”
― Against the Gods: The Remarkable Story of Risk
― Against the Gods: The Remarkable Story of Risk
“But in a cause-and-effect world, if we know the causes we can predict the effects. So “what is chance for the ignorant is not chance for the scientist. Chance is only the measure of our ignorance.”
― Against the Gods: The Remarkable Story of Risk
― Against the Gods: The Remarkable Story of Risk
“but between reject and not—reject. You can decide that the probability that you are wrong is so small that you should not reject the hypothesis. You can decide that the probability that you are wrong is so large that you should reject the hypothesis. But with any probability short of zero that you are wrong—certainty rather than uncertainty—you cannot accept a hypothesis.”
― Against the Gods: The Remarkable Story of Risk
― Against the Gods: The Remarkable Story of Risk
“people who start out with money in their pockets will choose the gamble, while people who start out with empty pockets will reject the gamble.”
― Against the Gods: The Remarkable Story of Risk
― Against the Gods: The Remarkable Story of Risk
Rafael’s 2025 Year in Books
Take a look at Rafael’s Year in Books, including some fun facts about their reading.
1,109 books
|
91 friends
62 books
|
19 friends
30 books
|
2 friends
33 books
|
3 friends
394 books
|
73 friends
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