Description

Book Synopsis

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when we''re not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date.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.

The Map and the Territory 2.0

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    A Paperback / softback by Alan Greenspan

    £11.69

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      Book details

      Publisher Penguin Random House Group
      Imprint Penguin Books Ltd
      Published 28 October 2014
      ISBN-13 9780141978130
      978-0141978130
      ISBN-10 0141978139
      Also in:
      Business, Finance & Law Economic forecasting Economic theory and philosophy Political economy

      Description

      Book Synopsis

      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when we''re not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date.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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