by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Words and numbers are both used to communicate – particularly in risk management. However have you ever considered the difference in how they are perceived and internalized? Words are known to be full of biases and nuances. Words are a function of the person who spoke them or wrote them. Numbers are the same. Most of us realize that numbers can also have built in biases and slants and can be a function of who produced them. However I suspect that we are generally more aware of the biases and nuances in words than we are in numbers. Something to think about.
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