LEADER 00000nim a22004455a 4500 003 MWT 005 20210401104915.1 006 m o h 007 sz zunnnnnuned 007 cr nnannnuuuua 008 210326s2020 xxunnn es i n eng d 020 9781980076322 (sound recording : hoopla Audio Book) 020 1980076324 (sound recording : hoopla Audio Book) 029 https://d2snwnmzyr8jue.cloudfront.net/ rbd_9781980076322_180.jpeg 028 42 MWT13507122 037 13507122|bMidwest Tape, LLC|nhttp://www.midwesttapes.com 040 Midwest|erda 099 eAudiobook hoopla 099 eAudiobook hoopla 100 1 Kay, John. 245 10 Radical uncertainty :|bdecision-making beyond the numbers |h[Hoopla electronic resource] /|cJohn Kay and Mervyn King. 250 Unabridged. 264 1 [United States] :|bRecorded Books, Inc.,|c2020. 264 2 |bMade available through hoopla 300 1 online resource (1 audio file (15hr., 50 min.)) : |bdigital. 336 spoken word|bspw|2rdacontent 337 computer|bc|2rdamedia 338 online resource|bcr|2rdacarrier 344 digital|hdigital recording|2rda 347 data file|2rda 506 Digital content provided by hoopla. 511 0 Narrated by Roger Davis. 520 Much economic advice is bogus quantification, warn two leading experts in this essential book. Invented numbers offer false security; we need instead robust narratives that yield the confidence to manage uncertainty. Some uncertainties are resolvable. The insurance industrys actuarial tables and the gamblers 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 Seals, his advisers offered him wildly divergent estimates of the odds that Osama bin Laden would be in the Abbottabad compound. In 2000, no one not least Steve Jobs knew what a smartphone was; how could anyone have predicted how many would be sold in 2020? And financial advisers who confidently provide the information required in the standard retirement planning package what will interest rates, the cost of living, and your state of health be in 2050?demonstrate only that their advice is worthless. The limits of certainty demonstrate the power of human judgment over artificial intelligence. In most critical decisions there can be no forecasts or probability distributions on which we might sensibly rely. Instead of inventing numbers to fill the gaps in our knowledge, we should adopt business, political, and personal strategies that will be robust to alternative futures and resilient to unpredictable events. Within the security of such a robust and resilient reference narrative, uncertainty can be embraced, because it is the source of creativity, excitement, and profit. 538 Mode of access: World Wide Web. 650 0 Business. 700 1 King, Mervyn. 700 1 Davis, Roger.|4nrt 710 2 hoopla digital. 856 40 |uhttps://www.hoopladigital.com/title/ 13507122?utm_source=MARC|zInstantly available on hoopla. 856 42 |zCover image|uhttps://d2snwnmzyr8jue.cloudfront.net/ rbd_9781980076322_180.jpeg