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Biotech Course Correction With Treehill Partners' Ali Pashazadeh
Business Of Biotech
Mistakes Arise Beyond Immediate Decisions
Effective decision making often relies on immediate, node-to-node analysis, exemplified by tools like a binomial tree, where each node reflects market efficiency. However, significant errors occur when decisions extend beyond initial nodes, underscoring the importance of considering broader scenarios instead of focusing narrowly on short-term outcomes. The deeper analysis of potential future nodes reveals the complexity of decision making and highlights the pitfalls of an overly simplistic approach.
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