Skip to content

Doubt Quote by Raghuram G. Rajan

“Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury of indecision.” quote by Raghuram G. Rajan
Download Open image
““Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury of indecision.””

Raghuram G. Rajan

About This Quote

Source Book: The Policy Paradox, 2022

Policymakers must accept uncertainty and act despite lacking perfect templates, avoiding paralysis by indecision.

In simple terms: Policy requires risk under uncertainty.

Key Takeaway

Make informed decisions despite unknowns.

Themes

policy risk uncertainty

Mood

thoughtful analytical

Type

philosophical strategic

When to use this quote

  • government
  • business strategy
  • crisis response

Key Concepts

decision theory strategic planning

Questions to Reflect On

  • How do you balance risk and caution?
  • What tools help navigate uncertainty?
A Different Perspective

Overconfidence can lead to poor choices.

2.9 out of 5 (6 ratings)

More by Raghuram G. Rajan

Explore all 19 Raghuram G. Rajan quotes

More Doubt quotes

Browse all 9,175 Doubt quotes