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Paperback Radical Uncertainty: Decision-Making Beyond the Numbers Book

ISBN: 0393541983

ISBN13: 9780393541984

Radical Uncertainty: Decision-Making Beyond the Numbers

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Format: Paperback

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Book Overview

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 provides no useful guidance to future outcomes, and for which so-called experts pretend answers. Instead of accepting false certainties, John Kay and Mervyn King advise that...

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