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Showing posts with the label regulation

Just my thoughts #0820

Fact Check: Humans cannot honestly know the future. It only partially predicts the future within limited scenarios and conditions. The weather forecast is an example. When you look back at the past from the present, you can understand the situation relatively accurately, but you did not fully grasp what the event was like at that time. Later, we only justify the past. One instance of preparing for a probabilistically unstable future is to consider the statistic that lowering the speed limit on highways can reduce the accident rate. However, the most reliable prediction method is to assume the future is unknown and to act only after confirming the current situation. Fact-checking is crucial in business management and investing. Avoid hasty forecasts; instead, wait until you have verified the information before acting. - Joseph’s “just my thoughts”

Just my thoughts #0108

You probably suspect that your decisions are reasonably based on your judgment. However, human decisions are made according to the rules and structures at that time. By changing the decision structure and regulations, humans make different decisions under the same conditions. If you make a mistake, you don't have to regret or blame yourself for making the wrong decision. But, if you fail to judge the regulations and structure of the decision, then you must reflect on the mistake. This is to prevent repeated mistakes. - Joseph’s “just my thoughts”