In this episode, we consider how engineers deal with ambiguity, uncertainty, and risk. Carmen would be willing to take a 50/50 shot at $1001 tomorrow over a certain $500 today. Most people are risk-averse when dealing with gains, and would take the sure money. According to the article “The Five Neglects: Risks Gone Amiss,” (Berger, … <a href="https://theengineeringcommons.com/episode-44-ambiguity/" class="more-link">Continue reading <span class="screen-reader-text">Episode 44 — Ambiguity</span> <span class="meta-nav">→</span></a>

In this episode, we consider how engineers deal with ambiguity, uncertainty, and risk. Carmen would be willing to take a 50/50 shot at $1001 tomorrow over a certain $500 today. Most people are risk-averse when dealing with gains, and would take the sure money. According to the article “The Five Neglects: Risks Gone Amiss,” (Berger, … Continue reading Episode 44 — Ambiguity →

In this episode, we consider how engineers deal with ambiguity, uncertainty, and risk. Carmen would be willing to take a 50/50 shot at $1001 tomorrow over a certain $500 today. Most people are risk-averse when dealing with gains, and would take the sure money. According to the article “The Five Neglects: Risks Gone Amiss,” (Berger, … <a href="https://theengineeringcommons.com/episode-44-ambiguity/" rel="noopener noreferrer">Continue reading Episode 44 — Ambiguity →</a>

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Episode 44 — Ambiguity

Episode 44 — Ambiguity