Six years ago, when we started Bakboka, we were convinced that expert forecasting could revolutionize decision-making. We believed that...

DEFINITION: Resilience is the ability of communities to absorb and adapt to shocks, whilst transforming their structures to face...

The concepts of system thinking and system dynamics were popularized in the ’70s after the publishing of “Limits to Growth” by Donella H....

In the previous post, we have discussed that both qualitative and quantitative techniques should be employed to obtain the best possible...

Qualitative (more words-focused) and quantitative (more number-focused) work have traditionally been opposed and the fight over the...

In part I, we have seen that error is made of two components: bias (the distance to the truth) and noise (the variability in...

Part one of this series dealt with the main components of error: bias and noise. Now, part two will explore what errors mean in terms of...

Being wrong means making errors. Therefore, to be less wrong, you need to make fewer errors. We will investigate them in a series made of...

Thought experiments are used to explore chains of causes and consequences. They are useful to create mental models, especially when...

Lacking, poor quality information significantly increases uncertainty around a decision. While it is not the only problem that a...