The Map and the Territory Risk Human Nature and the Future of Forecasting Alan Greenspan 9781594204814 Books read The%20Map%20and%20the%20Territory%20Risk%20Human%20Nature%20and%20the%20Future%20of%20Forecasting%20Alan%20Greenspan%209781594204814%20Books
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From the bestselling author of The Age of Turbulence and Capitalism in America
Like all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. No one with any meaningful role in economic decision making in the world saw beforehand the storm for what it was. How had our models so utterly failed us?
To answer this question, Alan Greenspan embarked on a rigorous and far-reaching multiyear examination of how Homo economicus predicts the economic future, and how it can predict it better. Economic risk is a fact of life in every realm, from home to business to government at all levels. Whether we’re conscious of it or not, we make wagers on the future virtually every day, one way or another. Very often, however, we’re steering by out-of-date maps, when we’re not driven by factors entirely beyond our conscious control.
The Map and the Territory is nothing less than an effort to update our forecasting conceptual grid. It integrates the history of economic prediction, the new work of behavioral economists, and the fruits of the author’s own remarkable career to offer a thrillingly lucid and empirically based grounding in what we can
know about economic forecasting and what we can’t.The book explores how culture is and isn't destiny and probes what we can predict about the world's biggest looming challenges, from debt and the reform of the welfare state to natural disasters in an age of global warming.
No map is the territory, but Greenspan’s approach, grounded in his trademark rigor, wisdom, and unprecedented context, ensures that this particular map will assist in safe journeys down many different roads, traveled by individuals, businesses, and the state.
Alan Greenspan,The Map and the Territory Risk, Human Nature, and the Future of Forecasting,Penguin Press,1594204810,Economics - Theory,Forecasting,Economic forecasting - United States,Economic forecasting;United States.,Financial crises - United States,Financial crises;United States.,Risk,United States - Economic policy,United States;Economic policy.,BUSINESS ECONOMICS / Economics / Theory,BUSINESS ECONOMICS / Forecasting,Business Economics,Business Economics/Economics - Theory,Business / Economics / Finance,Business/Economics,ECONOMIC THEORY,Economic forecasting,Financial crises,GENERAL,General Adult,Non-Fiction,POLITICAL SCIENCE / Public Policy / Economic Policy,Political Science/Public Policy - Economic Policy,Public Policy - Economic Policy,United States,economics; business books; business; politics; political science; finance; economy; financial crisis; investing; capitalism; money; public policy; geopolitics; political books; world politics; international politics; government; philosophy; economic history; strategy; political philosophy; critical thinking; economics books; behavioral economics; big data; predictive analytics; business analysis; probability theory; bayesian; analytics; federal reserve; economic development; business book; business gifts; political science books,economics;business;money;economy;philosophy;political science;public policy;economic history;business books;strategy;government;geopolitics;political philosophy;critical thinking;economics books;behavioral economics;big data;political books;politics;predictive analytics;business analysis;probability theory;bayesian;world politics;analytics;federal reserve;international politics;economic development;business book;business gifts;political science books;finance;capitalism;investing;financial crisis
The Map and the Territory Risk Human Nature and the Future of Forecasting Alan Greenspan 9781594204814 Books Reviews :
Like all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. No one with any meaningful role in economic decision making in the world saw beforehand the storm for what it was. How had our models so utterly failed us?
To answer this question, Alan Greenspan embarked on a rigorous and far-reaching multiyear examination of how Homo economicus predicts the economic future, and how it can predict it better. Economic risk is a fact of life in every realm, from home to business to government at all levels. Whether we’re conscious of it or not, we make wagers on the future virtually every day, one way or another. Very often, however, we’re steering by out-of-date maps, when we’re not driven by factors entirely beyond our conscious control.
The Map and the Territory is nothing less than an effort to update our forecasting conceptual grid. It integrates the history of economic prediction, the new work of behavioral economists, and the fruits of the author’s own remarkable career to offer a thrillingly lucid and empirically based grounding in what we can
know about economic forecasting and what we can’t.The book explores how culture is and isn't destiny and probes what we can predict about the world's biggest looming challenges, from debt and the reform of the welfare state to natural disasters in an age of global warming.
No map is the territory, but Greenspan’s approach, grounded in his trademark rigor, wisdom, and unprecedented context, ensures that this particular map will assist in safe journeys down many different roads, traveled by individuals, businesses, and the state.
Alan Greenspan,The Map and the Territory Risk, Human Nature, and the Future of Forecasting,Penguin Press,1594204810,Economics - Theory,Forecasting,Economic forecasting - United States,Economic forecasting;United States.,Financial crises - United States,Financial crises;United States.,Risk,United States - Economic policy,United States;Economic policy.,BUSINESS ECONOMICS / Economics / Theory,BUSINESS ECONOMICS / Forecasting,Business Economics,Business Economics/Economics - Theory,Business / Economics / Finance,Business/Economics,ECONOMIC THEORY,Economic forecasting,Financial crises,GENERAL,General Adult,Non-Fiction,POLITICAL SCIENCE / Public Policy / Economic Policy,Political Science/Public Policy - Economic Policy,Public Policy - Economic Policy,United States,economics; business books; business; politics; political science; finance; economy; financial crisis; investing; capitalism; money; public policy; geopolitics; political books; world politics; international politics; government; philosophy; economic history; strategy; political philosophy; critical thinking; economics books; behavioral economics; big data; predictive analytics; business analysis; probability theory; bayesian; analytics; federal reserve; economic development; business book; business gifts; political science books,economics;business;money;economy;philosophy;political science;public policy;economic history;business books;strategy;government;geopolitics;political philosophy;critical thinking;economics books;behavioral economics;big data;political books;politics;predictive analytics;business analysis;probability theory;bayesian;world politics;analytics;federal reserve;international politics;economic development;business book;business gifts;political science books;finance;capitalism;investing;financial crisis
The Map and the Territory Risk, Human Nature, and the Future of Forecasting [Alan Greenspan] on . bFrom the bestselling author of The Age of Turbulence/i and Capitalism in America /i/b Like all of us
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