Radical Uncertainty: Decision-Making for an Unknowable Future

Mervyn King and John Kay

Overview

This book delves into the nature of radical uncertainty, distinguishing it from predictable risks. It argues that traditional economic models often fail to account for the unpredictable events that shape our world. The authors propose new frameworks for decision-making that acknowledge and navigate this inherent uncertainty. They explore how individuals and institutions can better prepare for and respond to unforeseen circumstances. The work draws on historical examples and contemporary challenges to illustrate its points.

Who it's for

• Individuals seeking to understand and manage uncertainty in their personal and professional lives.
• Leaders and policymakers grappling with complex, unpredictable futures.
• Students and professionals in economics, finance, and decision sciences.

Key features

• Language: English
• Binding: Hardcover
• Publisher: W. W. Norton & Company
• Publication Year: 2020