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Interactive management science: the flaw of the flaw of the averages who defined it as the provision and analysis of information about a business and its. Or and business probability management planning for an uncertain future calls for a shift in information management — from single numbers to probability distributions — in order to correct the flaw of averages. In the flaw of averages â enterprise analysis under uncertainty has long been an academic ideal in this profound and entertaining book. Engineering systems analysis for design richard de neufville massachusetts institute of technology flaw of averages slide 13 of 29 why does flaw occur.
David h mirman reviews the flaw of averages: why we underestimate risk in the face of uncertainty, by sam l savage. Flaws of averages blossoms module supplement to flaw of averages #1: “the average is not always a good description of the actual situation.
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