Mervyn King and Rana Foroohar on ‘Radical Uncertainty: Decision-Making Beyond the Numbers’
Fordham University’s McNally Amphitheater 140 West 62nd Street, New York, NY, United StatesSome uncertainties are resolvable. The insurance industry’s actuarial tables and the gambler’s roulette wheel both yield to the tools of probability theory. Most situations in life, however, involve a deeper kind of uncertainty, a radical uncertainty for which historical data provide no useful guidance to future outcomes.