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Friday, December 27, 2024 | 02:47 AM ISTEN Hindi

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Coping with uncertainty

Although the world is grappling with numerous uncertainties, here's one worth pondering

book review
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In order to provide relief from the pandemic, governments across the world are piling on debt and large central banks are liberally printing money

Rajesh Kumar
A book on uncertainty could not have been better timed. Although Radical Uncertainty: Decision-making For An Unknowable Future  was written in the pre-Covid-19 world, the uncertainty associated with the pandemic has increased the importance of understanding the limitations of managing risk in various aspects of life, business and policy making. The book, as the authors describe, is about “how real people make choices in a radically uncertain world, in which probabilities cannot meaningfully be attached to alternative futures.”

This is exactly how governments, businesses and people in general have been functioning over the last few months. It was impossible for
Topics : BOOK REVIEW

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