Foreseeing the Future

Ok, after almost five days out of writing due to some health problems, here is a bit interesting article to read in this month's Scientific American by a group from Rand on decision making given an uncertain future.

The article talks about using simulation to develop "robust" solutions. These are solutions that "perform well when compared with the alternatives across a wide range of plausible futures". The authors uses this method to examine long term environmental regulations, although I sure would like to develop one myself to examine the results of decisions in my own life! Wouldn't you?