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when we''re not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date.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

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    View other formats and editions of The Map and the Territory 2.0 by Alan Greenspan

    Publisher: Penguin Books Ltd
    Publication Date: 28/10/2014
    ISBN13: 9780141978130, 978-0141978130
    ISBN10: 0141978139
    Also in:
    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when we''re not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date.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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