The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty



ISBN: 0471381977 | 2009 | EPUB/MOBI | 392 pages | 3 MB/4 MB

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 on uncertainties, whether they be next month¡¯s sales, next year¡¯s costs, or tomorrow¡¯s stock price.

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