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

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?

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To answer this question, Alan Greenspan embarked on a rigorous and far-rea...