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That’s according to “Seizing Uncertainty,” a new study by HSBC and Professor David Tuckett, Academic Advisor and Director of the Centre for the Study of Decision-Making Uncertainty at UCL.
Scientists typically test decision-making under uncertainty using “probabilistic tasks”, in which study participants can choose from two or more options, each with a specific probability of ...
The need for a sound decision-making approach in the face of uncertainty has always been great, but it is now greater than ever before. At the heart of my own approach is “probabilistic thinking ...
What it means is that although we are presented with clear data and we can cognitively do the maths, our brains are not naturally configured to instinctively assess probability and then integrate it ...
You can use scenario-based training, like the young officers John Schmitt led through tactical decision games so that you get used to making decisions in the face of uncertainty. 10. Wake up from ...
It is little wonder that decision-making feels hard. This is one of the key findings from Seizing Uncertainty, a major new study from HSBC on which I acted as adviser. We recruited more than ...
Access to more information does not necessarily lead to better decision making, according to a new study from Oracle. Though 83% of those surveyed agree that access to more data should make decisions ...
Nuclear decision-making is shaped by, and interacts with, the ever-changing international security environment and nuclear weapons policy. Tackling problems in the nuclear weapons policy field ...
Uncertainty over PGs right to insist on treatment against medical recommendation. Two meetings were convened in December 2004 to identify areas of consensus on (1) principles to be employed to ensure ...
We contribute innovative decision frameworks for deeply uncertain problems in environmental management and infrastructure. Post-2026 Colorado River Basin negotiations: our research with CADSWES ...