We’re back for 2012, kicking off with a look at the ‘too big to fail’ fallacy from a scientific point of view this week. We’ll be following this up with a series on why people find it so hard to change, and a response to ‘No Fear’ author Pekka A. Vilijakainen and his invitation to […]
Can Ecosystems Show How to Fix the Euro?
This post, by Dr. Giovanni Siepe, is our last before the holidays. We wish you all a very happy holiday season, and we’ll be back in 2012! In an article by Debora MacKenzie in the New Scientist magazine entitled ‘Can Ecosystems Show How to Fix the Euro?’, the eurozone is analyzed as a complex networked […]
Why Physics is Crucial for Understanding Global Business: the Network of Corporations
The entire world is in turmoil; people are on the streets complaining about the economy and the way politicians and experts are dealing with the crisis. The ‘Occupy Wall Street’ movement is gaining somewhat fuzzy momentum. Today they are organizing a march against Goldman Sachs in New York. Is the corporate world intrinsically unfair? A […]
Destroying the markets with flawed assumptions
Today’s blog post is by team member Dr. Giovanni Siepe, a theoretical physicist by training and an expert in statistical methods for management. The Nobel Prize in Economics for 2011 went to Thomas Sargent and Christopher Sims. The reason for assigning the Prize to Prof. Sargent is his model on cause and effects as applied […]
