Drawing on his work on the analysis of judgment, Sir Andrew Likierman explains that risk awareness is especially important in understanding the personal biases that are involved in choices. He adds that it also features in the preliminaries to a choice, in assessing the trust that can be placed in people and information and how far past experience will be relevant to the current choice. Accordingly, he contends that good judgment is underpinned by the ability to manage risk.
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