Listen free for 30 days

£7.99/month after 30 days. Cancel anytime

Summary

Uncertainty pervades the big decisions we all make in our lives. How much should we pay into our pensions each month? Should we take regular exercise? Expand the business? Change our strategy? Enter a trade agreement? Take an expensive holiday?    

We do not know what the future will hold. But we must make decisions anyway. So we crave certainties which cannot exist and invent knowledge we cannot have. But humans are successful because they have adapted to an environment that they understand only imperfectly. Throughout history we have developed a variety of ways of coping with the radical uncertainty that defines our lives.    

This incisive and eye-opening book draws on biography, history, mathematics, economics and philosophy to highlight the most successful - and most short-sighted - methods of dealing with an unknowable future.

Ultimately, the authors argue, the prevalent method of our age falls short, giving us a false understanding of our power to make predictions, leading to many of the problems we experience today.    

Tightly argued, provocative and written with wit and flair, Radical Uncertainty is at once an exploration of the limits of numbers and a celebration of human instinct and wisdom.

©2019 Mervyn King, John Kay (P)2019 Hachette Audio UK

What listeners say about Radical Uncertainty

Average customer ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    31
  • 4 Stars
    14
  • 3 Stars
    4
  • 2 Stars
    1
  • 1 Stars
    2
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    26
  • 4 Stars
    14
  • 3 Stars
    0
  • 2 Stars
    1
  • 1 Stars
    0
Story
  • 4.5 out of 5 stars
  • 5 Stars
    22
  • 4 Stars
    13
  • 3 Stars
    3
  • 2 Stars
    2
  • 1 Stars
    1

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

An important topic we’ll described but lacking advice

I loved all the themes talked about in this book and the structure around them. The importance of uncertainty and risk, the history of probability, it’s impact on economics However, the key question for our time is what do we do about all this? How do we build adaptive systems.

4 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Utterly Brilliant

Absolutely essential reading if you want to know what’s wrong with the way Finance has “functioned”. Working in the City myself I recognise so many of these flaws. If you are interested in how we can organise and plan for a better world - listen to this book.

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Economics may have a practical futue

Thorough examination of the foundations of decision theory with profound implications for the "science" of economics. The shape of a more limited but more useful toolkit emerges.