I think the uncertainty is often just irreducible. Someone faces the choice of either becoming an oncologist who treats patients or a cancer researcher. They don’t know which option has higher expected value because they don’t know the relevant probabilities. And there is no way out of that uncertainty, so they have to make a choice with the information they have.
I think the uncertainty is often just irreducible. Someone faces the choice of either becoming an oncologist who treats patients or a cancer researcher. They don’t know which option has higher expected value because they don’t know the relevant probabilities. And there is no way out of that uncertainty, so they have to make a choice with the information they have.