Book · 2020 · Business & Economics
Radical Uncertainty
Decision-Making Beyond the Numbers
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Economist and author John Kay together they are the authors of Radical Uncertainty: Decision Making Without the Numbers.
What they say about it
- Discusses book contents“you write about a little bit”2
The best things said about it
And indeed we say in the book that it was likely that we should expect to be hit by an epidemic of an infectious disease resulting from a virus that doesn't yet exist.
And you talk in the book quite a bit about that uh i i think that urge to quantify.
And I think that deflects from what we in the book describe as the most important thing to do when confronted with a decision under uncertainty.
Let's turn to value at risk which you write about a little bit in the book.
We describe and we argue in the book that a lot of the things that are called biases by people who are wedded to the economist's concept of rationality.
We use a striking example in the book Groundhog Day.
Why people recommend it
Every mention
Russ Roberts and you talk in the book quite a bit about that uh i i think that urge to quantify 5
Discussed
“today is june 17th 2020 and i have two guests today economist and author mervyn king who served as governor of the central bank of england from 2003 to 2013 and economist and author john kay together they are the authors of radical uncertainty decision making without the numbers”
Discussed
“and you talk in the book quite a bit about that uh i i think that urge to quantify”
Discussed
“let's turn to value at risk which you write about a little bit in the book”
Discussed
“you mentioned in the book that you almost called your book uh through a glass darkly”
Critiqued
“the only part i thought you missed in the book or that i wish you'd talked about it's a subtle point it's similar to the”
John Kay we describe and we argue in the book that a lot of the things that are called biases by people who are wedd… 3
Discussed
“we describe and we argue in the book that a lot of the things that are called biases by people who are wedded to the economist's concept of rationality”
Discussed
“there is one that rather amused us in the book which is there was a kahneman experiment of asking people how many words in english”
Discussed
“yeah i'm not sure you were right when you say that uh we'd like to be rid of uncertainty and we use a striking example in the book groundhog day”
Mervyn King and indeed we say in the book that it was likely that we should expect to be hit by an epidemic of an infec… 2
Discussed
“and indeed we say in the book that it was likely that we should expect to be hit by an epidemic of an infectious disease resulting from a virus that doesn't yet exist”
Discussed
“and i think that deflects from what we in the book describe as the most important thing to do when confronted with a decision under uncertainty”
Also mentioned in the same episodes
Other mentions (1: passing, ad reads, own books)
Plugged
“my guest today has guests today have been uh john kaye and marvin king their book is radical uncertainty gentlemen thanks for being part of econ talk”