I would still worry that in practice most organisations don’t know how much they’re in that situation, so if you’re penalising uncertainty, you’re going to lose a lot of expected value—but I guess that’s a balance you can figure out (and I hope be somewhat explicit on) over time.
Thanks, that’s useful :)
I would still worry that in practice most organisations don’t know how much they’re in that situation, so if you’re penalising uncertainty, you’re going to lose a lot of expected value—but I guess that’s a balance you can figure out (and I hope be somewhat explicit on) over time.