Narratives and Uncertainty
The Economic Drivers of Volatility and Uncertainty
Specifically, the total volatility of macroeconomic variables is first decomposed into two separate components: an idiosyncratic component, and a component common to all of the variables. Then, the common volatility component, often interpreted as a measure of uncertainty
- Taylor Pearson
https://medium.com/the-mission/the-ooda-loop-how-to-turn-uncertainty-into-opportunity-6b07dc8a40fd
Uncertainty
https://en.wikipedia.org/wiki/Frank_Knight
https://en.wikipedia.org/wiki/G._L._S._Shackle
https://en.wikipedia.org/wiki/John_Maynard_Keynes
https://www.amazon.com/Risk-Science-Politics-Fear-Gardner/dp/0753515539
https://www.nytimes.com/interactive/2021/09/06/magazine/steven-pinker-interview.html