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Uncertainty is an acid,
Martin Gurri • Revolt of the Public and the Crisis of Authority in the New Millennium
We can trace most of the large financial disasters to a model that failed to capture the richness of outcomes inherent in a complex system like the stock market.
Michael J. Mauboussin • Think Twice: Harnessing the Power of Counterintuition
Second, anything we choose to measure will differ from place to place, from person to person, from time to time, and the problem is to extract meaningful insights from all this apparently random variability.
David Spiegelhalter • The Art of Statistics: Learning from Data (Pelican Books)
The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction
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COMPLEX SYSTEMS EXHIBIT UNEXPECTED BEHAVIOR One is merely a pessimistic feeling; the other conveys the exhilaration that accompanies recognition of a Law of Nature. Because of its fundamental importance for all that follows, we have termed this Law the Generalized Uncertainty Principle.
John Gall • Systemantics. The Systems Bible
To capture the complex and complicated nature of real economies, we need to thoroughly explore the wilderness of bounded rationality, entering through both gates.
J. Doyne Farmer • Making Sense of Chaos: A Better Economics for a Better World
Nassim Nicholas Taleb • Incerto 4-Book Bundle
conditions of extreme uncertainty.
Eric Ries • The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
The Alleged Intangibles