Everyone hates uncertainty as uncertainty is akin to gambling.
In uncertainty, there will be times when we win and there will be times when we lose.
Therefore, if we can quantify uncertainty in probability terms, we will be at the better end of the bargain.
However, there is a black swan in economics. Therefore, we must be ready that our predictions are flawed and not steadfast to our opinion per se.
Moral of the story: Faith favored those who are prepared but striking a lottery or being strike by a bolt of lightning can always happen anytime due to chance as prediction is never perfect. So, be prepared for the unexpected.
Be Bless,
Dr. Lion.
In uncertainty, there will be times when we win and there will be times when we lose.
Therefore, if we can quantify uncertainty in probability terms, we will be at the better end of the bargain.
However, there is a black swan in economics. Therefore, we must be ready that our predictions are flawed and not steadfast to our opinion per se.
Moral of the story: Faith favored those who are prepared but striking a lottery or being strike by a bolt of lightning can always happen anytime due to chance as prediction is never perfect. So, be prepared for the unexpected.
Be Bless,
Dr. Lion.
No comments:
Post a Comment