#173 Radical Uncertainty - with John Kay

> Sign Up For Our Newsletter: http://www.firsthuman.com/being-human-newsletter/In this episode of Being Human, I speak with John Kay, one of Britain's leading economists, whose career has spanned the academic world, business and public affairsIn his recent book, Radical Uncertainty with Mervyn King, he describes how, as a society, we regularly crave certainties which cannot exist and invent knowledge we cannot have. We forget that humans are successful because we have adapted to an environment that we understand only imperfectly and that, throughout history we have developed a variety of ways of coping with the radical uncertainty that defines our lives. In this episode, we talk:The problem with bias-obsessed behavioural economicsThe power of abductive reasoningUnderstanding economics' failing recordOur love for doomsday scenariosThe folly of misapplying probabilistic reasoningLinks:Radical UncertaintyJohn's Website