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This reduces bias in review selection and allows for appropriate discussion should uncertainty arise.
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For now, the economic watchword should be uncertainty.
These should alleviate uncertainty about inter-bank exposures.
Should this uncertainty about what we will gain – or lose – from enhancements make us more reluctant to use them?
We expect clarity on allowed returns shortly, which should remove uncertainty, and we think fears of dividend cuts are overdone.
But conventional wisdom might not be the end of the story, and the watchword should be uncertainty.
"The Government should reduce uncertainty about compliance burdens for businesses, proportionality and about cost recovery, by explicitly addressing such issues in the Codes of Practice," it writes.
Last time, I argued that we should welcome uncertainty, risk, and even stress as essential for any worthwhile world or life.
Finally, decision-makers should expect uncertainty and act accordingly.
This is the reason why most real-life models should include uncertainty.
Finally, decision-makers should expect uncertainty and maintain situational awareness, be flexible in policies and procedures, and act with humility.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com