March 13th, 2013

Latching on shamelessly to another's ideas

By Ron Nakamoto

I share one idea in common with the significantly more erudite and learned British economist John Kay.  That is, that mathematical, probabilistic thinking is limited in situations where there is little or no data and that stories or narratives then become the way that human beings deal with these uncertain and unknown circumstances.  This is the basis for the #empoweredwealth  idea of scenario planning.

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John Kay – A story can be more useful than maths
In a high-profile legal case last week, the jury asked the judge to explain what was meant by the term “beyond reasonable doubt”. As is the custom of the English courts, the judge refused to clarify t…

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