Understanding Risk and Uncertainty in Complex Systems

In the podcast, Gerald Ashley discusses the challenges of managing risk in decision-making processes, especially in complex systems. Ashley introduces the concept of '19 and uncertainty,' highlighting the limitations of traditional risk models in predicting outcomes. He emphasizes the importance of distinguishing between messes, problems, and puzzles in decision-making processes. By exploring these distinctions, Ashley sheds light on the implications of mixing up these different types of issues on risk assessment and decision-making strategies.