Prospect theory

Facing uncertainty with Faith

The precious metal has often been considered a safe-haven asset for investors in times of conflict and uncertainty

A small party was being prepared in the garden of the Residence of the Greek Ambassador in Washington on Saturday, June 24, somewhat breaking the monotony of dull Embassy Row. Despite the insistent forecasts of inclement weather, Alexandra Papadopoulou had dared to set up the large round tables in the garden.

How would you feel if two judges imposed different sentences for the same offense? Or if two radiologists reached different diagnoses for the same x-ray? Or, even worse, if the same judge or the same doctor decided differently on similar cases, depending on their mood or fatigue?

"One critical limit of our mind is our excessive trust in what we believe we know and our apparent incapacity to acknowledge the spread of our ignorance and incertitude of the world we live in." Daniel Kahneman "Thinking fast and slow" (Free translation) Uncertainty! No need to explore this fact further.

This improvement takes place while there is huge uncertainty in the European economy – The 9th upgrade of the Greek economy in the last two and a half years

The slow pace in resolving the issue of nonperforming loans was not only due to the complexity of the issue; rather, the obstacles seem to have been the result of pre-election concerns.

Hopes may run high at the start of the first year in which Greece finds itself free from bailout programs after eight years, but realistic expectations remain, unfortunately, low.

By Nikos Roussanoglou

Recent government initiatives aimed at rekindling demand in the property market are expected to prove fruitless due to the uncertainty generated by political developments.