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I have just completed reading the book Risk Intelligence by Prof. Dylan Evans and have found it to be an interesting read. The central theme of the book talks about how much we are rewarded when we are right, and how much we are punished when are wrong. It argues that for many executives in power today who have autonomy in making large scale decisions, understanding one's risk intelligence may be more important than having expert knowledge over a professional field.
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So what exactly is risk intelligence? It is defined as the ability to estimate probabilities accurately and having the right amount of certainty to make educated guesses. In today's environment, it is a complex skill as everyone is working on limited information in an increasingly uncertain world.
There are some key takeaways from the book which i found to be particularly interesting:
- Most people are poor in ...
