In “Bribing the Markets”, the Economist last week highlighted explored the impossible task of eliminating uncertainly. The short article highlights how uncertainty is different from risk; betting on the probability of a card turning up in poker is risky business; macroeconomic analysis cannot predict all the unknown outcomes. This article touches on some ideas that [...]
Entries Categorized as 'Uncertainty'
by Andrew White | November 11, 2009 | 3 Comments