Why Optimal Solutions are Fragile?
We have written extensively on this issue and this short blog is a small reminder. Optimal solutions are designed toContinue Reading
Tag: Optimality
Does Optimal Mean Best? Nope!
The understanding, assessment and management of risk and uncertainty is important not only in engineering, but in all spheres ofContinue 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
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
Optimality: The Recipe for Disaster
There still seems to be a rush towards optimal design. But there is no better way to fragility and vulnerabilityContinue Reading
Artificial Intuition 