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This is a very good entry point to thinking about and measuring risk and employing various tools to deal with it. It is not confined to business but addresses plenty of issues in personal finance and decision-making. Lots of vocabulary is here with straightforward explanations. I like this professor as a source of solid work and very professional delivery.
I have moved on to other works on risk management and found this background useful.
5 of 5 people found this review helpful
What disappointed you about The Economics of Uncertainty?
I usually learn a lot from a Great Courses audiobook, but this book feels more like an intro to statistics class. For example, one whole lecture was on how to calculate expected value and standard deviation, so if you already know those two things that is a half hour not worth listening to.
What reaction did this book spark in you? Anger, sadness, disappointment?
Boredom. I listen to audiobooks during my commute. There were some lectures that I just turned off completely and drove in silence. I guess it is a good way for Audible to make money, though, since as soon as I got home I bought a different audiobook to listen to instead, and this one sits unfinished on my phone.
Any additional comments?
If you have listened to other Great Courses books on business or finance, understand that this one is much more simplistic than the others. Clearly I chose this book with different expectations than those people who are giving 5-star reviews.
4 of 4 people found this review helpful
well written and presented but very basic overview for the absolute beginner, good for a first introduction
I have struggled to finish it. Narration was okay. I would have changed the title to the basics of uncertainty. It wasn't much about complex economics, not to talk about the economical cycles...