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vaughn tan
@vt
I suppose this is practical philosophy — the consequences of thinking more clearly. A very old friend from college pinged me last week. In her line of work, she helps people deal with uncertainties around what to do and what is valuable. Her question is (I’m paraphrasing): When people do cost/benefit analyses or expected value analyses to decide what to do in situations where they don’t know what will happen, they are treating the situation as formally risky when it may not be. What's your recommendation? Other than re-labeling the word "risk," what's the alternative course of action? It’s an important question, because so many real-world situations are unknown in uncertain ways, not formally risky ways. I wrote about the answer here: https://www.linkedin.com/pulse/what-do-uncertainty-thats-risk-vaughn-tan-z3mcc/
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