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Convex Strategies | Risk Update: July 2024 – Chaos
“Too often, the potential range of behavior of complex systems had to be guessed from a small set of data. When a system worked normally, staying within a narrow range of parameters, engineers made their observations and hoped that they could extrapolate more or less linearly to less usual behavior.” James Gleick, “Chaos: making a…
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Convex Strategies | Risk Update: July 2024 – Chaos
“Too often, the potential range of behavior of complex systems had to be guessed from a small set of data. When a system worked normally, staying within a narrow range of parameters, engineers made their observations and hoped that they could extrapolate more or less linearly to less usual behavior.” James Gleick, “Chaos: making a…
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Convex Strategies | Risk Update: July 2024 – Chaos
“Too often, the potential range of behavior of complex systems had to be guessed from a small set of data. When a system worked normally, staying within a narrow range of parameters, engineers made their observations and hoped that they could extrapolate more or less linearly to less usual behavior.” James Gleick, “Chaos: making a…
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