

#11850
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 

as a book discussing liquidity and the limitations of traditional financial models.


Michael Mauboussin

[REPLAY] Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
Mentioned by 

when discussing the leverage cycle in investing.


Michael Mauboussin

Michael Mauboussin – Who’s on the Other Side (Capital Allocators, EP.99)
Mentioned by 

, referring to his provocative article on how data deluges transform various fields.


Yusra Al-Sayyad

Vera Rubin Observatory, part two: astronomy enters its digital age
Mentioned by 

as a book about financial markets and theory.


Michael Mauboussin

REPLAY - Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
Mentioned by 

when discussing the lack of good theories of crisis in finance and economics.


Michael Mauboussin

[REPLAY] Michael Mauboussin – Who’s on the Other Side (Capital Allocators, EP.99)
Recommended by 

for its insights into risk management.


Mark Baumgartner

[REPLAY] Mark Baumgartner – Luck, Risk and Uncertainty as CIO for the Institute for Advanced Study (Capital Allocators, EP.77)