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
Tag: conventional technology
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
Traditional Ratings, Traditional Risk Management: Is it Over?
“.. the effective management of risk is one of the core strengths that has made Lehman Brothers so successful”Continue 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 