Radical Uncertainty: Decision-making for an unknowable future

Thursday 06 October 2022 | 18:30 - 20:30 | Evening Event

This is an in-person networking and knowledge sharing opportunity.

Uncertainty pervades the big decisions we all make in our lives. How much should we pay into our pensions each month? Should we take regular exercise? Expand the business? Change our strategy? Enter a trade agreement? Take an expensive holiday? We do not know what the future will hold. But we must make decisions anyway.

In the second of our Challenging economic consensus lecture series, we invite John Kay, FSIP, who will discuss his new book, co-written with Mervyn King; Radical Uncertainty: Decision-making for an unknowable future. John will draw on biography, history, mathematics, economics and philosophy to highlight the most successful methods of dealing with an unknowable future.

John will describe a different way of thinking about risk and uncertainty – resisting the common practice of eliding the two and equating both with volatility, while exploring some of the implications of this different way of thinking.

This event forms part of our Challenging economic consensus lecture series. Other events in this series include, Challenging current economic theory and policies, with Andrew Smithers and Market Mind Hypothesis: The final frontier of behavioural finance, with Patrick Schotanus.


Registration: 18:00

Event: 18:30 - 19:30

Networking: 19:30 - 20:30

CPD Points: 1.00


John Kay, FSIP, Leading Economist 

John Kay is an economist whose career has spanned the academic world, business and finance, and public affairs. He has held chairs at the London Business School, the University of Oxford and the London School of Economics and is a Fellow of St John’s College, Oxford, where he began his academic career in 1970. He is a Fellow of the British Academy and of the Royal Society of Edinburgh.

John is a director of several public companies and a contributing editor of the Financial Times.  He is the author of many books, including The Truth about Markets (2003), The Long and the Short of It (2009, new revised edition 2016) and Obliquity (2010). His book, Other People’s Money (2015), was a book of the year for Bloomberg, The Economist and the Financial Times, winner of the Saltire Literary Prize for non-fiction, and was short-listed for the Orwell Prize for political writing. 

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