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Monthly Archives: July 2012

What we commonly call “success”…

What we commonly call “success” rewards, status, recognition, some new metric is a consolation prize for those both unhappy and not good at what they do. via What we commonly… | Facebook.

It is a great compliment for an honest person …

It is a great compliment for an honest person to be mistaken for a crook by a crook. via It is a great… | Facebook.

Friends, the only…

Friends, the only technical section of the book showing EXACTLY how economics fragilize. I wonder if it is clear only for those into these things www.fooledbyrandomness.com/appendix.pdf via Friends, the only… | Facebook.

NOTES, AFTERTHOUGHTS, BIBLIOGRAPHY…

Implies the finished work will be a hefty 450 pages! NOTES, AFTERTHOUGHTS, BIBLIOGRAPHY. The only part of the book that felt like work. May still have mistakes.www.fooledbyrandomness.com/notes.pdf via NOTES,….

NONLINEARITY FROM WEALTH

NONLINEARITY FROM WEALTHWe can certainly attribute the fragilizing effect of modern globalization to complexity, and how connectivity and cultural contagions make gyrations in economic variables much more severe —the classical switch to Extremistan. But there is another effect: wealth. Wealth means more, and because of nonlinear scaling, more is different. We are prone to make […]