#Risk Tolerance

Deciding Early: The 70% Information Rule

To complete the picture, it’s important to note when 70% is not enough. In domains like medicine, aviation, security, or compliance, the costs of being wrong can be catastrophic, and information gaps may represent unacceptable hazard rather than tolerable uncertainty. In these cases, the decision process must prioritize robustness over speed. Even in business, the rule can be misused to justify underthinking. The spirit of the quote is not “decide with little evidence,” but “decide before the evidence is perfect, once the decision is sufficiently informed and you can still adapt.” The discipline lies in knowing which situation you’re in. [...]

The Risk of a Wrong Decision Is Preferable to the Terror of Indecision - Maimonides

Maimonides, a Jewish philosopher and legal scholar in the 12th century, was known for his rational approach to philosophy and religion. His emphasis on choosing action reflects his broader teachings on ethics and personal responsibility. [...]