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Pros & Cons
Pros
Mervyn king and john kay's 'the end of alchemy' is a must-read. The book is full of subtle and nuanced ideas. Some reviewers have missed the stories of kay and king make their point.
Radical uncertainty adds another angle to the way that one should approach measurement, analysis, policy and decision making.
Cons
The authors are too quick to claim that phenomena are radically uncertain when they are in fact tractable. They try to make the case that a robust narrative is a better framework. They say history should be our guide but history is just a data point t... Read More
Highlights
Quality
Written with the clarity elegance and fine examples expected from the authors
This book is for academics who are familiar with the sources quoted liberally by authorsthe chapter on narratives was insightfu... Read More
Competitiveness
The authors provide a road map to understand risk and the limitations of quantitative models
Decades ago robert schlaifer pioneered the quant side
Overview
- How are reviewers describing this item?
good, many, wrong, most and radical. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has discovered that over 90% high quality reviews are present.
- This product had a total of 418 reviews as of our last analysis date on May 21 2022.
Helpful InsightsBETA
Posted by a reviewer on Amazon
This book is for academics who are familiar with the sources quoted liberally by authorsthe chapter on narratives was insightful to understand corporate cultures
Posted by a reviewer on Amazon
I too believed that probabilistic reasoning was the forefront of decision making
Posted by a reviewer on Amazon
In other words they attempt to apply probabilities risk assessments and create models and data whch do not reflect reality
Posted by a reviewer on Amazon
They then base decisions and take actions based in these beliefs that are detached from reality
Posted by a reviewer on Amazon
The case study to which they repeatedly go is obamas decisions to enter bin ladens compound where there was no way to establish a probability and attempts to do so would only provide unrealistic assessment of success or failure
Posted by a reviewer on Amazon
Speaking of which they’re totally ontheball top of page 40 they asgoodas predict the current coronavirus crisis
Review Count History
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