Navigating Risk and Uncertainty

This chapter explores the speaker's journey from traditional risk models to the complexities of uncertainty, reflecting on the limitations of past data in predicting financial market crashes. It introduces alternative approaches like scenario planning and option pricing, emphasizing the transition from statistical analysis to subjective decision-making. The narrative emphasizes the challenges of balancing risk and uncertainty in decision-making, urging the importance of acknowledging uncertainties and gathering diverse information for effective navigation.