The Map and the Territory: Risk, Human Nature, and the Future of Forecasting

Download The Map and the Territory: Risk, Human Nature, and the Future of Forecasting AudioBook Free

Like all of us, though few so visibly, Alan Greenspan was compelled by the financial crisis of 2008 to question some fundamental assumptions about risk management and monetary forecasting. Nobody with any meaningful role in monetary decision making on the planet observed beforehand the surprise for what it was. How acquired our models so utterly failed us? To answer this question, Alan Greenspan embarked on a strenuous and far-reaching multiyear examination of how Homo economicus predicts the monetary future, and how it can predict it better. Financial risk is an undeniable fact of life atlanta divorce attorneys realm, from your home to business to federal in any way levels. Whether we're conscious of it or not, we make wagers on the near future nearly every day, one way or another. Very often, however, we're steering by out-of-date maps, when we're not driven by factors completely beyond our mindful control. The Map and the Territory is nothing less than an effort to revise our forecasting conceptual grid using twenty-first-century technologies. It integrates the annals of monetary prediction, the new work of behavioral economists, and the fruits of the author's own impressive career to give you a thrillingly lucid and empirically founded grounding in what we can know about monetary forecasting and what we can't. The audiobook explores how culture is and isn't destiny and probes what we should can predict about the world's biggest looming problems, from credit debt and the reform of the welfare point out to your competition with China to natural disasters in an age of global warming. No map is the territory, but Greenspan's way, grounded in his trademark rigor, intelligence, and unprecedented context, ensures that this particular map will assist in safe journeys down a number of roads, journeyed by individuals, businesses, and the state.


Category: Economic Policy

Details

Publisher

Penguin Audio

Language

English

ISBN

DATE

2013-10

Author

Alan Greenspan

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