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The Map and the Territory 2.0

Risk, Human Nature, and the Future of Forecasting

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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. How had our models so utterly failed us? Virtually every day, we make wagers on the future - but, even when we're not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date. The Map and the Territory is an important attempt to update our forecasting conceptual grid using twenty-first-century technologies, offering a lucid and empirical grounding in what we can know about economic forecasting and what we can't.

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The Map and the Territory 2.0, Alan Greenspan

Language
Released
2014
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(Paperback),
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Title
The Map and the Territory 2.0
Subtitle
Risk, Human Nature, and the Future of Forecasting
Language
English
Publisher
Penguin UK
Released
2014
Format
Paperback
Pages
432
ISBN10
0141978139
ISBN13
9780141978130
Series
Description
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. How had our models so utterly failed us? Virtually every day, we make wagers on the future - but, even when we're not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date. The Map and the Territory is an important attempt to update our forecasting conceptual grid using twenty-first-century technologies, offering a lucid and empirical grounding in what we can know about economic forecasting and what we can't.