Radical Uncertainty : Decision-Making Beyond the Numbers Suclass Code_2JE blade of grass

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Radical Uncertainty : Decision-Making Beyond the Numbers Suclass Code_2JE blade of grassSome 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. Radical uncertainty concerns events whose determinants are insufficiently understood for probabilities to be known or forecasting