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An Extra Slice of the Pie: Choosing with Uncertainty

The Pie: An Economics Podcast

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Navigating Uncertainty in Economic Decision-Making

This chapter explores the impact of early academic interests on career paths, specifically the shift from mathematics to economics. The discussion centers around the complexities of uncertainty in economic modeling, emphasizing the significance of risk, ambiguity, and model misspecification in policymaking. It also highlights the evolution of economic thought regarding uncertainty and the application of control theory for better decision-making in dynamic environments.

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