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description: A data scientist reflects on Kay and King&#x27;s book &#x27;Radical Uncertainty&#x27;, which argues that real-world probability models are fundamentally limited because we...
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# Reading ‘Radical Uncertainty’

**[R-bloggers](https://daily.dev/sources/rbloggers)** · 14 min read · 0 upvotes · 0 comments

## Summary

A data scientist reflects on Kay and King's book 'Radical Uncertainty', which argues that real-world probability models are fundamentally limited because we often don't know the full set of possible outcomes (Knightian uncertainty). The post critiques some of the book's statistical reasoning — particularly its dismissal of probability calculations as 'meaningless' and apparent unfamiliarity with Bayesian statistics — while also extending the book's ideas. A third type of uncertainty (knowing outcomes but not probabilities) is introduced, and a verisimilitude-based framework is used to show mathematically why the book's 'reference narrative' approach can outperform naive Bayesian models under radical uncertainty. The post also explores why economic forecasts persist despite being unreliable, framing forecasting as a coordination mechanism akin to religion.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://www.r-bloggers.com/2026/07/reading-radical-uncertainty>

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