Monday, March 27, 2017

Emergence: A unifying theme for Modular-Finance Theory ( 21st century science)

When electrons or atoms or individuals or societies interact with one another or their environment, the collective behavior of the whole is different from that of its parts. We call this resulting behavior emergent. Emergence thus refers to collective phenomena or behaviors in complex adaptive systems that are not present in their individual parts.



Saturday, February 11, 2017

RETHINK

New ideas are the product of ReThinking

Wednesday, February 8, 2017

The Power of Modularity applied to The World of Finance...

Modularity - The Design Principle of Complex Adaptive Systems...

Multiple Models....

The notion that the economy is .....a absurd Delusion!!!

System 1 / System 2

good habits develop good a good system one

Education and experience and Science help build a Good system Two

Remember Einsteins insight !

Ed Hess slow things down and use some system 2 once in a while....get the two in sync

Guidance principles provide the rules of the game both written and unwritten...

Why is the Financial Systems Important....

It's the Economy Stupid!!!

Tuesday, February 7, 2017

Simplicity and Complexity...It's Complicated

There can be few better places to talk about complexity than Vienna. This was the capital of the most complicated political organisation yet seen: the Austro-Hungarian Empire.