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Archive of posts published in the tag: Antifragile

Complex Regulations Decrease Predictability

“Man-made complex systems tend to develop cascades and runaway chains of reactions that decrease, even eliminate, predictability and cause outsized events. So the modern world may be increasing in technological knowledge, but, paradoxically, it is making things a lot more

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A Detached Elite

Megan McArdle writes The New Mandarins in The Daily Beast, 2/21/13. Excerpt: All elites are good at rationalizing their eliteness, whether it’s meritocracy or “the divine right of kings.” The problem is the mandarin elite has some good arguments. They

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