Is It Possible To Make Predictions?
Prediction of the future has always been man’s dream. However, there is an overwhelming amount of physical evidence that thisContinue Reading
Tag: Complexity
A Resilience Test of US and EU banks. A Systems Perspective.
There is much discussion today about systemic risks. In particular, the notion of “systemic” banks or corporations has become popular,Continue Reading
How Do You Rate an Entire Market?
Traders and analysts judge market performance by looking at the values of stocks and indices. However, stock markets don’t haveContinue 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
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
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
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
Artificial Intuition 