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Judgment & ambiguity · Decisions under uncertainty

Your board is split on whether to dip below the reserve policy floor to keep a beloved but under-funded program alive one more year while you search for new funding. The vote effectively lands on your recommendation. What do you recommend, and on what basis?

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My default is to hold the reserve floor, and I'd need a specific, time-boxed case to recommend breaching it.

The full answer: structure, worked example, likely follow-up.

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