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The Map and the Territory 2.0: Risk, Human Nature, and the Future of Forecasting

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“Must reading for anyone interested in the way our financial markets work – and sometimes fail.” —The Wall Street Journal


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? To ...