Archive for July, 2009
Selecting Strategy
When there is no uncertainty the maximum return criterion can be used to rank strategies. With uncertainty we have to look for the strategy that maximizes the firms expected utility.
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Two letters
If you should reconsider, we will be happy to meet with you to explain the nature of our work. To us nothing is better than a demanding customer.
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When in doubt, develop the situation
Planning for an uncertain future is a hard task, but preparing for it by adapting to the uncertainties and risk uncovered is well within our abilities.
