The F35 – Too Complex To Succeed?
A recent article on the troubles and tribulations of the F 35 fighter claims that: “… this flying supercomputer …..isContinue Reading
Tag: Complex problems
Europe’s Banking Union: A Fragile Super Monster?
The scope of the European Banking Union is (see here): “In response to the financial crisis that emerged in 2008,Continue Reading
The Derivatives Time-Bomb
Warren Buffet said in 2003 that the derivatives market was “devised by madmen” and a “weapon of mass destruction”. GlobalContinue Reading
Risk = Probability X Consequences. Really?
(image from http://www.impactlab.net) Probably the most frequently used definition of risk is this one: Risk = the Probability ofContinue Reading
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
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
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
How Complex is the World? We’ve Measured It.
Using annual data from the World Bank, spanning the last 5 decades, we have computed the complexity of the WorldContinue Reading
Solving Extreme Problems
Extreme problems are very large-scale multi-disciplinary problems, involving thousands of variables and which cannot be solved using conventional technology. InContinue Reading
Artificial Intuition 