W. Brian Arthur

In a very stable world, where you know the probabilities and the risks, you can optimize. But even in that case, I would counsel against optimizing with a narrow criterion. I don’t think that is ever a good idea, because it brings brittleness to a system. This is because when a system is optimized, all its parts need to work properly, and some are going to be working at their limit.

Like this content? Why not share it?
Share on FacebookTweet about this on TwitterShare on LinkedInBuffer this pagePin on PinterestShare on Redditshare on TumblrShare on StumbleUpon
There Are No Comments
Click to Add the First »