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Radical uncertainty highlights the limitations of traditional probability in predicting future events, especially when historical data is inadequate. The narrative explores pivotal moments, such as President Obama's decision-making regarding Osama bin Laden and the unforeseen evolution of technology like smartphones. It critiques the reliability of financial advice that attempts to forecast long-term variables, emphasizing that many significant life events are inherently unpredictable and cannot be accurately assessed through standard statistical methods.
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Radical Uncertainty: Decision-Making Beyond the Numbers, Mervyn King, John Kay
- Jazyk
- Rok vydania
- 2020
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- (pevná)
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- Titul
- Radical Uncertainty: Decision-Making Beyond the Numbers
- Jazyk
- anglicky
- Autori
- Mervyn King, John Kay
- Vydavateľ
- W. W. Norton & Company
- Rok vydania
- 2020
- Väzba
- pevná
- Počet strán
- 544
- ISBN13
- 9781324004776
- Kategórie
- Podnikanie a ekonómia
- Anotácia
- Radical uncertainty highlights the limitations of traditional probability in predicting future events, especially when historical data is inadequate. The narrative explores pivotal moments, such as President Obama's decision-making regarding Osama bin Laden and the unforeseen evolution of technology like smartphones. It critiques the reliability of financial advice that attempts to forecast long-term variables, emphasizing that many significant life events are inherently unpredictable and cannot be accurately assessed through standard statistical methods.