Shop now Shop now Shop now  Up to 70% Off Fashion  Shop all Amazon Fashion Cloud Drive Photos Shop now Learn More Shop now Shop now Shop Fire Shop Kindle Shop now Shop now
Customer Review

6 of 7 people found the following review helpful
3.0 out of 5 stars I'm 90% Sure I only understood about 30% of this!, 25 Sept. 2012
Verified Purchase(What is this?)
This review is from: Risk Intelligence: How to Live with Uncertainty (Paperback)
The main idea behind the book seems to be to introduce / promote the concept of Risk Intelligence as measured by RQ - a sort of IQ - that measures your ability to deal with uncertainty. It is possible to get a value for your RQ either by visiting a website or by completing a series of questions listed in appendix 1 (I got an RQ of 61 when I did the on-line test - which apparently is about average).

Unfortunately, I am still somewhat bemused as to how one's ability to extract information from situations that lie somewhere between the absolutely certain and the completely unknowable, can be determined by a test that is based on general knowledge questions. My doubts are increased by the data presented in appendix 2 - which shows the relationship between general knowledge and predictive capability (as measured by a prediction game where the participant's predictions of a number of events, were actually compared with how the events subsequently turned out). The graph represents a knitting needle in a snow storm (i.e. a poor correlation between the two - as indicated by the correlation coeff of 0.185). It may well be that the correlation is statistically significant but that doesn't make it of practical use.

On the plus side - I did manage to finish the book and there were a number of interesting and possibly useful ideas e.g. the concept of "expected utility", "Unknown knowns" and "Fermi Questions" - but in the main I had come across many of the other points in previous texts such a "The Madness of Crowds" and "Risk" (by Dan Gardner.

When I bought this book there were no reviews to guide me - the main reason why I felt this might be of use to other would-be buyers (given that there are still only a few reviews).
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

Be the first person to comment on this review.

[Add comment]
Post a comment
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Amazon will display this name with all your submissions, including reviews and discussion posts. (Learn more)
Name:
Badge:
This badge will be assigned to you and will appear along with your name.
There was an error. Please try again.
Please see the full guidelines ">here.

Official Comment

As a representative of this product you can post one Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
The following name and badge will be shown with this comment:
 (edit name)
After clicking on the Post button you will be asked to create your public name, which will be shown with all your contributions.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.  Learn more
Otherwise, you can still post a regular comment on this review.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
 
System timed out

We were unable to verify whether you represent the product. Please try again later, or retry now. Otherwise you can post a regular comment.

Since you previously posted an Official Comment, this comment will appear in the comment section below. You also have the option to edit your Official Comment.   Learn more
The maximum number of Official Comments have been posted. This comment will appear in the comment section below.   Learn more
Prompts for sign-in
  [Cancel]