On the Extraordinary Importance of Complexity

Of all physical quantities, energy is probably the most important. Energy expresses the capacity of a body or a system to perform work. Nature works by using energy to transform matter. This is done via processes (physical, chemical, etc.). However, in order to realize these processes it is necessary to have information. Energy on its…

A Bank in a Nutshell

Businesses rely heavily on information and data. Many businesses actually store data. Some businesses use this data to derive statistics and models which are then used in an attempt to make the business more profitable, more efficient and streamlined. In other cases, models are used to produce forecasts, improve resource allocation, perform scenario analysis or…

Isn’t Everything a ‘Complex System’?

What distinguishes a theory from a conjecture? For example a characteristic constant (G, c, h, K, etc.) or a fundamental equation. The so-called today popular ‘complexity theory’ has none. Most importantly, it lacks a measure of its most fundamental quantity – complexity. But worse than that. It lacks a definition of complexity too! Increasing complexity…

Complexity – A New Approach to SETI

The SETI – Search for Extra-Terrestrial Intelligence – is an initiative which has the objective of locating intelligent life in the Universe. Arrays of telescopes, such as the ATA, or large installations like the one in Arecibo, collect hundreds of terabytes of data every day, spanning a wide frequency band. Data typically has the aspect…

The Principle of Ignorance

  The Principle of Ignorance is a ‘corollary’ of the Principle of Fragility, which states:   Complexity  X  Uncertainty  =  Fragility   This principle states that highly complex actions (or business models) lead to situations of fragility in uncertain environments (e.g. markets). For example, a highly articulated portfolio may result to be fragile in a…