Coping With Turbulence: More Theories and Math?
Isn’t it time to review our theories on economics, to see them in a radically different light? What lessons areContinue Reading
Month: March 2014
What Cannot be Modeled Should Not be Modeled
Ludwig Wittgenstein sustained that “what cannot be debated should not be debated”. We say that what cannot be modeled shouldContinue Reading
Interactive Complexity Maps and Resilience Ratings of Countries, Corporations and Banks.
Here you may find examples of interactive Business Structure Maps, complexities and the corresponding Resilience Ratings™ of a wide varietyContinue Reading
Optimal Does NOT Mean Best
In the second half of the twentieth century it has become very popular to seek optimal solutions to a broadContinue Reading
Why is Resilience (in economics) such a difficult concept to grasp?
Resilience, put in layman’s terms, is the capacity to withstand shocks, or impacts. For an engineers it a very usefulContinue Reading
Should Europe Have Its Own Rating Agency?
The Cold War was, de facto, the Third World War. We are now fighting the Fourth World War. It isContinue Reading
How To Avoid the Next (Worse) Crisis. Democratize Ratings.
Much has been written about the global economic crisis, its causes and its consequences. We could say that to aContinue Reading
Can Simulation Technology Really Help Companies Do Business?
For someone who has been doing simulation for the last 30 years it is not easy to say no. LargeContinue Reading
In Math We Trust. That is Precisely the Problem.
The economy is a dynamic system which is far too complex for us to understand. Human nature is extremely complexContinue Reading
Ratings – From an Opinion to Science
In January 2011 The Financial Crisis Inquiry Committee claimed that “The three credit rating agencies were key enablers of theContinue Reading
Artificial Intuition 