Your Judgment of Risk Is Compromised
Harvard Business Review
JUNE 21, 2012
We will pay far more for a medical operation that increases our chance of surviving from 0% to 1% than one that increases it from 10% to 11%. The financial crisis of 2007-2008 was partly due to an over-reliance on mathematical models and a corresponding failure to exercise judgment. Embracing Risk in Career Decisions.
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