Radical uncertainty. Manifesto on the nature of economic crises, their forecasting
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The economic theory of recent centuries is cracking at the seams. None of its models can be used today to predict crises. In 2007, the IMF predicted a bright future for the world economy, and in 2008 turbulent times came. The reason for "scientific blindness" is simple: no one takes into account the nature of people. Scientific models work only until all the alleged participants in the process - consumers, companies, government - act as a damned robot. " But the economy is a complex mechanism, the movement of which depends on the infinite set of human decisions. Richard Boister offers a revolutionary agency approach. It takes into account the consequences of our interaction with the outside world and its influence on us. The agent economy is ready to meet with reality - to effectively predict economic crises and prevent them!
Richard Boysheber-a former risk manager of the Morgan Stanley, Salomon Brothers and a number of hedge funds, including Bridgewater Ray Dalio. Currently, he works as the director of the risks of the University of California, where he oversees an investment portfolio worth $ 120 billion
Richard Boysheber-a former risk manager of the Morgan Stanley, Salomon Brothers and a number of hedge funds, including Bridgewater Ray Dalio. Currently, he works as the director of the risks of the University of California, where he oversees an investment portfolio worth $ 120 billion
Author:
Author:Richard Incustrings
Cover:
Cover:Hard
Category:
- Category:Business & Money
- Category:Science & Math
Publication language:
Publication Language:Russian
Paper:
Paper:Offset
Series:
Series: Top Economics Awards
Age restrictions:
Age restrictions:16+
ISBN:
ISBN:978-5-04-091160-8
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