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Radical Uncertainty
- Decision-Making for an Unknowable Future
- Narrated by: Roger Davis
- Length: 15 hrs and 50 mins
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Radical Uncertainty
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Summary
Longlisted for the FT McKinsey Business Book of the Year Award 2020.
This major, critically acclaimed work asks a vitally important question for today: when uncertainty is all around us, and the facts are not clear, how can we make good decisions?
We do not know what the future will hold, particularly in the midst of a crisis, but we must make decisions anyway. We regularly crave certainties which cannot exist and invent knowledge we cannot have, forgetting that humans are successful because we have adapted to an environment that we understand only imperfectly. Throughout history we have developed a variety of ways of coping with the radical uncertainty that defines our lives.
This incisive and eye-opening book draws on biography, history, mathematics, economics and philosophy to highlight the most successful - and most short-sighted - methods of dealing with an unknowable future. Ultimately, the authors argue, the prevalent method of our age falls short, giving us a false understanding of our power to make predictions, leading to many of the problems we experience today.
2020, Financial Times and McKinsey Business Book of the Year Award, Long-listed
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Overall5 out of 5 stars
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Story5 out of 5 stars
- Mark
- 27-07-20
Economics may have a practical futue
Thorough examination of the foundations of decision theory with profound implications for the "science" of economics. The shape of a more limited but more useful toolkit emerges.
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1 person found this helpful
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Overall4 out of 5 stars
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Performance4 out of 5 stars
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- Philip Thorne
- 04-05-20
An important topic we’ll described but lacking advice
I loved all the themes talked about in this book and the structure around them.
The importance of uncertainty and risk, the history of probability, it’s impact on economics
However, the key question for our time is what do we do about all this? How do we build adaptive systems.
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5 people found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- CBD Flowers
- 08-10-21
must read
Highly recommended, I really enjoyed every moment of this audio book. complex in points and will defo warrant another listen.
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Overall5 out of 5 stars
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- 5ft7offootballheaven
- 12-08-20
Utterly Brilliant
Absolutely essential reading if you want to know what’s wrong with the way Finance has “functioned”. Working in the City myself I recognise so many of these flaws. If you are interested in how we can organise and plan for a better world - listen to this book.
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1 person found this helpful
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Overall5 out of 5 stars
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- Lukas Daalder
- 24-08-22
Lukas
Very readable and informative: definitely worth the time. The only drawback is that it is two chapters too long.
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Overall4 out of 5 stars
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- Vince Peterson
- 27-02-23
Good explanation but forgot uncertainty theory
Delivery, explanations, examples were great. Sadly forgets uncertainty theory, which explains risk vs uncertainty rigourously.
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Overall2 out of 5 stars
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- Abiodun
- 29-10-22
Long, Historical and Academic
Great concept that can be better connected with clear examples. if you're abstract or academic...youd love it.
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