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Could Euroland's Economic Woes Have Been Anticipated?
The increasing number of inter-relationships among the various macro-economical parameters of each country, and the high uncertainty and unpredictability of their behaviors have proven and confirmed the difficulty to predict, manage and control any possible reactions that any country of European economy can have. This proven difficulty increases in a remarkable way when you move from a country level to the European Union level. The combination of these factors requires [...]
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Technorati Tags: Crisis anticipation, EU crisis, Complexity, GDP of the EU |
28 July 2010 | No Comments
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High Complexity and Fragility
The recent antenna problems with Apple's new iPhone is one more confirmation of how the increasing complexity of new and sophisticated products of the manufacturing industry call for new paradigms in design and engineering. The fact that other smart phone manufacturers are experiencing similar problems confirms the fact that excessive complexity manifests itself in the form of surprising and unexpected product behaviour. This is because highly complex systems possess a [...]
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Technorati Tags: product complexity and fragility, product design, complexity |
25 July 2010 | No Comments
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Is it Possible to Make Predictions?
Prediction of the future has always been man's dream. However, there is an overwhelming amount of physical evidence that this is quite impossible. This is because the future is permanently under construction. Therefore, as every second passes, the future is changed. The cause of this are the laws of physics. If the future were predictable with all likelihood we would have different physical laws and life would probably not even [...]
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Technorati Tags: Prediction, probability, global meltdown, futility of predictions |
25 July 2010 | No Comments
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Democratizing Ratings
Ratings lie at the very heart of the economy and yet, as the current crisis is showing, they are not entirely reliable. In fact:
The process of rating involves interaction with the recipient company. This means the process cannot be fully objective.
A further element of subjectivity stems from the fact that different rating agencies and rating methods exist. In fact, there exist [...]
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Technorati Tags: democratizing ratings, ratings, rating agencies, internet-based rating |
13 June 2010 |
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