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economics

This tag is associated with 4 posts

It’s a risky world, just ask anyone

Last week the Institute of Risk Management North West regional group held a meeting on Adapting to the Global Risk Landscape.  The intention was to talk about some of the most serious long term risks and what we should be doing about them.  There’s a write up of the meeting appearing shortly on the IRM website, but […]

Antifragility

Antifragility is the topic of Nassim Nicholas Taleb’s last book in his trilogy on our uncertain world and how to deal with it.  The other two were Fooled by Randomness and The Black Swan.  These are both relatively narrow in their scope – though well worth their own reviews at some point – whilst Antifragility gives […]

Complexity, cockroaches and building resilience

The near collapse of the financial system was fairly widely predicted though the political community is somewhat in denial about that. What was less widely foreseen was that it would happen in September 2008: it was a risk waiting to materialise as we risk geeks say. Two authors with a gold-plated prediction record on this, […]

The end of cycles

Here’s something that I’ve taken from a blog I did on how decisions are taken in public life and the role of media in supporting them (or not). Economists have laboured for years to model the behaviour of markets.  The models have become ever more complex and contain ever more parameters to help fitting the results to […]