Betting on Unknown Unknowns

By definition, you will likely succeed a vanishingly-small percentage of the time, but—as the saying goes—that’s a feature, not a bug. The point is to venture—fistfuls of money in hand—at the furthest extremes of capitalism, hoping to stumble upon that rare, proper intersection of technology and commerciality.By design, most investments will miss t... See more

These bedazzled methods fall under the category that Futurist Ilkka Tuomi labels as Epistemic Uncertainty , and the argument goes something like this:

“I’m unsure about the answer to this problem, but I can solve it by gathering more data. Once I gather more data related to the problem, I will be able to devise a solution.”

However, as Tuomi astutely... See more