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.””
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.
Make informed decisions despite unknowns.
Themes
Mood
Type
When to use this quote
- government
- business strategy
- crisis response
Key Concepts
Questions to Reflect On
- How do you balance risk and caution?
- What tools help navigate uncertainty?
Overconfidence can lead to poor choices.