The Flaw of Averages

Why We Underestimate Risk in the Face of Uncertainty

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A must-read for anyone who makes business decisions that have a major financial impact. As the recent collapse on Wall Street shows, we are often ill-equipped to deal with uncertainty and risk. Yet every day we base our personal and business plans ...Continua
Ha scritto il 28/02/13
This book starts very well with several vivid examples which demonstrate the flaw of averages! Ironically, the early examples are so vivid that the later chapters are relatively dull. Worst still, the presentation is sort of piecemeal. I lost my ...Continua

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