
John Kay and Mervyn King on Radical Uncertainty
EconTalk
Navigating Radical Uncertainty
This chapter explores decision-making under radical uncertainty, contrasting human strategies with theoretical optimal solutions. It emphasizes the importance of adaptability and the richness that uncertainty brings to life, illustrated through powerful analogies and real-world examples.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.