3 ms·
Not sure if this is a fallacy but if not it should be: It is IMO a logical error to judge the decision making of the past with data points from the present. S
by gls2ro 3y ago
Not sure if this is a fallacy but if not it should be:
It is IMO a logical error to judge the decision making of the past with data points from the present.
So the question is: with the data the decision makers had back then and time pressure what would have been a better decision process? Highlight: with the data that they had back then, not with the data we know now.
- account42 3y agoOn the contrary, using present information is the only way to evaluate wheter past decisions were the correct ones and what to change in the decision making process to improve future decisions.
- bugglebeetle 3y agoNo, this isn’t correct. You have to account for tail risk hedging in novel circumstances.