Gavin Ward, RISC’S London Office General Manager, has published a technical article in the World Oil Magazine January 2022 edition. Gavin poses thoughts as to why humans get forecasting so wrong and so frequently, and don’t learn from our mistakes.
This technical article provides data as to how oil and gas professionals interpret information and the factors that affect our decisions when looking at investment portfolios. Hopefully, this article has highlighted the importance of sample size and an understanding of what confidence limits are.
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