Larry Summers on His Decision-Making Process for the Auto Bailout

Larry Summers on His Decision-Making Process for the Auto Bailout. Lawrence Summers, November 15, 2013, Opinion. "In 1968, Harvard Business School professor Howard Raiffa published a book called Decision Analysis: Introductory Lectures on Choices Under Uncertainty. It was an attempt to translate Bayesian statistical thinking into terms understandable to laypeople, and it introduced the use of decision trees and numerical probability assessments to business and government decision-making. One of the book’s early readers was a precocious high school student named Larry Summers, who was so taken with Raiffa’s probabilistic reasoning that he’s been using it ever since..." Link verified March 28, 2014