#35349
Mentioned in 3 episodes
The End of Theory
Book • 2017
In 'The End of Theory', Richard Bookstaber argues that standard economic models are inadequate for dealing with financial crises due to their failure to account for human complexities and radical uncertainty.
He advocates for an alternative approach using agent-based economics, which recognizes the heuristic interactions of humans in complex environments.
This approach aims to provide a more realistic framework for preventing and managing financial crises.
He advocates for an alternative approach using agent-based economics, which recognizes the heuristic interactions of humans in complex environments.
This approach aims to provide a more realistic framework for preventing and managing financial crises.
Mentioned by
Mentioned in 3 episodes
Mentioned by 
Michael Mauboussin as a book discussing liquidity and the limitations of traditional financial models.
Michael Mauboussin as a book discussing liquidity and the limitations of traditional financial models.
[REPLAY] Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
Mentioned by 
Yusra Al-Sayyad , referring to his provocative article on how data deluges transform various fields.
Yusra Al-Sayyad , referring to his provocative article on how data deluges transform various fields.
Vera Rubin Observatory, part two: astronomy enters its digital age
Mentioned by Michael Mauboussin when discussing the lack of good theories of crisis in finance and economics.
Michael Mauboussin when discussing the lack of good theories of crisis in finance and economics. [REPLAY] Michael Mauboussin – Who’s on the Other Side (Capital Allocators, EP.99)
