RADICAL UNCERTAINTY MAKES DECISION-MAKING REQUIRE NEW PARADIGMS, where data, probabilistic analysis, and similar tools provide limited support, say, Mervyn King, former Governor of the Bank of England, and John Kay in their book Radical Uncertainty: Decisionmaking for an unknowable future. India’s Finance Minister faces an unenviable task in the Union Budget to transition us past uncertainties ranging from Omicron, supply chain disruptions, interest rate normalisation and possible taper tantrums, inflationary pressures, climate change, as well as the opportunities of “blessings of unicorns”, the 4 Ds of democracy, demography, demand, and data, plus digital public infrastructure and the flood of international ESG capital to build back better and create the “next normal”.
A humble wish list that integrates “new and novel” with “tried and tested”:
This story is from the February 06, 2022 edition of Business Today.
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This story is from the February 06, 2022 edition of Business Today.
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