The Elegance of Frugality and Risk
Preface to “A New Theory of Risk and Rating” by Giulio Sapelli. The Elegance of Frugality and Risk. From aContinue Reading
Tag: complexity management
What are the Units of Complexity?
Complexity is a fundamental physical characteristic of every system that may be found in Nature. Its importance is similar toContinue Reading
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
Systemic Resilience Analysis: Supercomputers Provide New Tools for Regulators, Investors and Governments
In a world dominated by turbulence and interdependency, fragility and complexity are the main new factors which are impactingContinue Reading
Low-Complexity Versus High-ComplexityPortfolios
Complexity is a fundamental physical characteristic of every system that may be found in Nature. Its importance is similar toContinue Reading
Why Can’t Huge Problems be Solved (Anymore)?
Before you start to solve a problem (a numerical problem) you should check its conditioning. An ill-conditioned problem will produceContinue 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
Beyond the concepts of Risk and Risk Management
The current economic crisis indicates that conventional risk assessment, rating and management techniques don’t perform well in a turbulent andContinue Reading
Is Risk Management a Source of Risk
The deployment of risk management within a business can be a source of false assurance. Over recent years, businesses haveContinue Reading
Artificial Intuition 