I want you to complete this course with an

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Unformatted text preview: its of quantitative analysis versus “instinct,” the truth is that few people have good instincts about uncertainty. Quantitative questions such as the three above have correct and incorrect answers. Whether you choose a career in academics or choose to apply your skills in the “real world”, mistakes can be costly. Careful, structured, quantitative analysis of these sorts of questions can be very helpful. Caveat Emptor I am, of course, biased. I believe (and hope to convince most of you by the end of the semester) that most interesting problems are amenable to some degree of quantitative analysis or involve quantifiable uncertainties. For example, a CEO can explain to the press that he decided (say) to spin- off a business line because it did not “...
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