article thumbnail

Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

Bayes has even influenced the design of machine learning techniques, notably the naive Bayes classifier. While their job may have been setting or applying strict credit policies in the past, they may now start to wonder whether their traditional credit rating models are still effective.

article thumbnail

Africa’s Unique Opportunity to Promote Inclusive Growth

Harvard Business Review

The AfDB has the strongest credit rating of any organization in Africa and in 2008, it surpassed the World Bank in lending to Africa , a signal of Africa’s growing agency in its own development. The World Bank, beset by internal struggles in the short term, is facing challenges to its influence over the long term.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Rational People Can’t Succeed as Economic Forecasters

Harvard Business Review

Bullock and Warren Persons of the Harvard Economic Service, who are almost completely forgotten now but briefly wielded global influence. Economy Entrepreneurship Managing uncertainty'

article thumbnail

Incremental Fixes Won’t Save the U.S. Health Care System

Harvard Business Review

The government also should encourage consumers to use the best doctors; and it could use its influence to drive volume and financial benefit to those providers that transform their models and methods. We need the equivalent of Consumer Reports for health care or Morningstar ratings for clinical services.