ABSTRACT
Everything we do is linked to risk and uncertainty. We constantly face risks and we try either to insure ourselves against them or, by changing our behaviour, do our best to change probabilities and avoid heavy losses. At times, we buy lottery tickets and bet on sports. We also try to bring new ideas to life in science, business, finance, government and other institutions—and by doing so we leap into uncertainty, based on our subjective probabilities. Such leaps though must be financed—and in accountable manners—bringing chances of creating wealth, of societies becoming better off. 1
