Ryanair, a Fragile Complex Giant.

The laws of systemantics are said to be pseudo-science. Fair enough. A few of these laws are listed below. They apply to highly complex systems. Think of these laws and then think of the EU, the Euro or, most recently, Ryanair.   Le Chatelier’s Principle: Complex systems tend to oppose their own proper function. As systems grow…

Correlation is Charlatanism.

“…correlation is charlatanism” Photo: AP photo/Richard Drew “Anything that relies on correlation is charlatanism” is a great article. But is correlation charlatanism? Yes it is. But it is not for the reasons explained in the article. Here is why. Correlations are present everywhere. The concept of correlation is one of the key constructs of statistics,…