Radical Uncertainty
Decision-Making Beyond the Numbers
Ranked #57 in Risk Management, Ranked #89 in Insurance
Some uncertainties are resolvable. The insurance industry’s actuarial tables and the gambler’s roulette wheel both yield to the tools of probability theory. Most situations in life, however, involve a deeper kind of uncertainty, a radical uncertainty for which historical data provide no useful guidance to future outcomes. Radical uncertainty concerns events whose determinants are insufficiently understood for probabilities to be known or forecasting possible. Before President Barack Obama made the fateful decision to send in the Navy Seals, his advisers offered him wildly divergent estimates... more
Similar Books
If you like Radical Uncertainty, check out these similar top-rated books:
