Monday, January 16, 2023

in an unknowable world............

 Bridge requires a continual effort to assess probabilities in at best marginally unknowable situations, and players need to make hundreds of decisions in a single session, often balancing expected gains and losses.  But players must also continually make peace with good decisions that lead to bad outcomes, both one's own decisions and those of a partner.  Just this peacemaking skill is required if one is to invest wisely in an unknowable world.

-Richard Zeckhauser

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