The Black Box of Risk

I have an op-ed in Tuesday's Financial Post (Canada) titled, "The Black Box of Risk." Here is the conclusion:

Efforts to create or impose certainty when certainty does not exist can be dangerous to our welfare. Consequently we have to be ever vigilant that our ability to engage in sophisticated modelling does not outstrip our ability to effectively use the results of those models in making decisions.

Read the whole thing here.

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