Randomness

M&A: When two plus two is five or three or …

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The tool that would improve everybody’s toolkit

The tool that would improve everybody’s toolkit

Edge, which every year invites scientists, philosophers, writers, thinkers and artists to opine on a major question of the moment, asked this year: “What scientific concept would improve everybody’s cognitive toolkit?”

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Risk – Exposure to Gain and Loss

Risk – Exposure to Gain and Loss

This entry is part 4 of 6 in the series Monte Carlo Simulation

It is first when the decision involves consequences for the decision maker he faces a situation of risk ..

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Risk and Monte Carlo simulation

Risk and Monte Carlo simulation

This entry is part 1 of 6 in the series Monte Carlo Simulation

Whenever the outcome of a situation is not perfectly certain you have uncertainty or risk.

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