Radical Uncertainty: Decision-Making Beyond the Numbers

❰Reading❯ ➻ Radical Uncertainty: Decision-Making Beyond the Numbers Author John Kay – Comics-books.co 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 deeSome 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.