How to Unleash Possibility in 2015

Management Craft

The butterfly effect is a popularized interpretation of one of the key elements of chaos theory and has its roots in something that mathematicians refer to as “extreme sensitivity to initial conditions” (small and seemingly insignificant changes at the start of a process can produce wildly different and practically unpredictable results). Within chaos hides possibility…. Here’s the thing – and one reason why I find chaos so interesting - we don’t know which flaps matter.

How to Unleash Possibility in 2015

Management Craft

The butterfly effect is a popularized interpretation of one of the key elements of chaos theory and has its roots in something that mathematicians refer to as “extreme sensitivity to initial conditions” (small and seemingly insignificant changes at the start of a process can produce wildly different and practically unpredictable results). Within chaos hides possibility…. Here’s the thing – and one reason why I find chaos so interesting - we don’t know which flaps matter.

Is Economics Ready for a New Model?

Harvard Business Review

Economic theories based on rational behavior have been called into doubt by recent events. If you want to learn about the subject, in fact, Hector's article is probably better — it's clearer in its descriptions of the relevant theories. In the sense that financial markets and the economy in general are far more fragile than most mainstream economists contemplated before 2008, there was a bit of unlearning done in the 1990s and early 2000s.