Ep. 158: Simple Heuristics with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
Decision Making Under Uncertainty
In the world of uncertainty, calculation is not enough. You need smart rules of thumb that are technically called heuristics. And good intuitions which are also based on smartrules of thumb. I will talk today about decision making under uncertainty. Also about the dangers to use systems that work for risk and apply them to a world of uncertainty.
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