Foresight

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August 31, 2024 4 min read Definitions

Perfect Foresight: The Art of Predicting Future Events Accurately

Economics Statistics Prediction Rational Expectations Foresight Certainty Modeling

Perfect Foresight refers to the ability to predict future events correctly, given no uncertainty. This concept is fundamental in Economics and various scientific models.

August 25, 2024 3 min read Definitions

Prudence: Displaying Foresight, Caution, and Discretion in One's Actions

Philosophy Timeless Wisdom Social Sciences Prudence Foresight Caution Discretion Philosophy

An insightful exploration into the concept of prudence, which involves exercising foresight, caution, and discretion in one's actions to avoid carelessness and recklessness.