Info-Gap Economics: An Operational Introduction

After every crisis economists and policy analysts ask: can better models help prevent such situations? This book is an answer. Yes, quantitative models can help if we remember that they are rough approximations to a complex reality.

Info-gap theory is a new method for modelling and managing severe uncertainty. The core of the book presents detailed examples of info-gap analysis of decisions in monetary policy, financial economics, environmental economics for pollution control and climate change, estimation and forecasting.