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Decision-Making and The Ludic Fallacy

Let’s play a game. See this coin? This coin has an equal chance of landing heads or tails. We start flipping the coin and recording the results. After 100 flips, we have 99 heads. What is the probability that the next flip will be heads? Doctor Joe, proudly wearing his shirt and tie, says “50Continue reading “Decision-Making and The Ludic Fallacy”

The Fragility of Efficient Teams

I was stunned. On January 30, 2020, the World Health Organization tweeted “There is no reason for measures that unnecessarily interfere with intl. travel and trade.” The news of the virus ravaging Wuhan, China did not show enough “evidence” for the WHO to take any action, exposing the world to systemic risk. This was theContinue reading “The Fragility of Efficient Teams”