5min chapter

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Radical Uncertainty - Mervyn King

The Joe Walker Podcast

CHAPTER

The Importance of Collective Rationality

How would you encourage the average person to harness radical uncertainty and use it for their benefit? Think carefully about the distinction between risk and uncertainty risks are bad things so try to imagine what things could derail the plan of your life or the plan for the next six months. All the good things in life actually come from uncertainty whether it's the new products that we can find that we never expected to be able to use. Serendipity is a wonderful thing but I don't want people listening to this episode feeling nihilistic.

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