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To: E. Charters who wrote (5748)2/1/2006 12:14:39 PM
From: E. Charters  Respond to of 78412
 
How to perspectivate Mongolian ducks. (didactically)

cepa.newschool.edu

Question: What is a didactic Mongolian Duck?

Ans: It all depends on how you look at it.

"[Under uncertainty] there is no scientific basis on which to form any calculable probability whatever. We simply do not know. Nevertheless, the necessity for action and for decision compels us as practical men to do our best to overlook this awkward fact and to behave exactly as we should if we had behind us a good Benthamite calculation of a series of prospective advantages and disadvantages, each multiplied by its appropriate probability waiting to be summed."

(John Maynard Keynes)

Averse to Risk?

cepa.newschool.edu

Portfolio allocation.. Roll dem bones

cepa.newschool.edu