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In a seminal 1972 paper, Robert M. May asked: "Will a Large Complex System Be Stable?" and argued that stability (of a broad class of random linear systems) decreases with increasing complexity, sparking a revolution in our understanding of ecosystem dynamics. Twenty-five years later, May,...
Persistent link: https://www.econbiz.de/10012610199
The importance of correct and clear decisions during a complex and difficult situation is very easy to understand, but not so easy to achieve. Especially in situations where decision-makers must decide under time pressure and uncertainty. For instance, typical crisis situations have such...
Persistent link: https://www.econbiz.de/10012703670
A logical strategy to contain the COVID-19 pandemic is to completely isolate everyone for two weeks (the incubation period of the virus). However, such a strategy can have prohibitive economic and social costs and, therefore, will be difficult to implement. At the same time, the current...
Persistent link: https://www.econbiz.de/10012839401
The importance of correct and clear decisions during a complex and difficult situation is very easy to understand, but not so easy to achieve. Especially in situations where decision-makers must decide under time pressure and uncertainty. For instance, typical crisis situations have such...
Persistent link: https://www.econbiz.de/10012604201
We propose in this report decisive and constructive responses to critical appraisals of the Agenda 2030, the Sustainable Development Goals, and the EU taxonomy. The lack of transparency and accountability plaguing these vitally important efforts can be rectified by means of systematic...
Persistent link: https://www.econbiz.de/10013312543
In a seminal 1972 paper, Robert M. May asked: "Will a Large Complex System Be Stable?" and argued that stability (of a broad class of random linear systems) decreases with increasing complexity, sparking a revolution in our understanding of ecosystem dynamics. Twenty-five years later, May,...
Persistent link: https://www.econbiz.de/10012291950
In regret analysis, an entity (either an individual or a group or a country) feels regret by taking a decision for any particular action when there are other ways to act. Such regret often motivates someone to settle conflict. The present paper discusses such a possibility using a mathematical...
Persistent link: https://www.econbiz.de/10014114181
In a seminal 1972 paper, Robert M. May asked: “Will a Large Complex System Be Stable?” and argued that stability (of a broad class of random linear systems) decreases with increasing complexity, sparking a revolution in our understanding of ecosystem dynamics. Twenty-five years later, May,...
Persistent link: https://www.econbiz.de/10014093361
In this work we analyse the resilience of industrial districts to exogenous economic shocks. Firstly, we define a basic industrial district through a set of assumptions which prove to be critical for systemic risk in the event of a financial shock. In the course of the work we progressively...
Persistent link: https://www.econbiz.de/10010615427
Atomistic, individual-oriented economic models of criminal behavior fail to capture critical scale-dependent behaviors that characterize criminal enterprises as cultural artifacts. Public policies based on such models have contributed materially to the practice of mass incarceration in the USA....
Persistent link: https://www.econbiz.de/10011077116