A01=Laszlo Mero
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Author_Laszlo Mero
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B01=David Kramer
B06=Marton Moldovan
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black swan
Category1=Non-Fiction
Category=PBT
chaos theory
complexity theory
COP=United States
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economic equilibrium
eq_isMigrated=2
eq_nobargain
equilibrium
instability
Language_English
mandelbrot
mathematics
mildovia
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prediction
Price_€20 to €50
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regression to the mean
softlaunch
standard deviation
statistics
taleb
unpredictablepredictability
wildovia
Product details
- ISBN 9780300224153
- Weight: 454g
- Dimensions: 140 x 210mm
- Publication Date: 17 Apr 2018
- Publisher: Yale University Press
- Publication City/Country: US
- Product Form: Hardback
- Language: English
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We live in a much more turbulent world than we like to think, but the science we use to analyze economic, financial, and statistical events mostly disregards the world’s essentially chaotic nature. We need to get used to the idea that wildly improbable events are actually part of the natural order. The renowned Hungarian mathematician and psychologist László Mérő explains how the wild and mild worlds (which he names Wildovia and Mildovia) coexist, and that different laws apply to each. Even if we live in an ultimately wild universe, he argues, we’re better off pretending that it obeys Mildovian laws. Doing so may amount to a self‑fulfilling prophecy and create an island of predictability in a very rough sea. Perched on the ragged border between economics and complexity theory, Mérő proposes to extend the reach of science to subjects previously considered outside its grasp: the unpredictable, unrepeatable, highly improbable events we commonly call “miracles.”
László Mérő is a professor at the Institute of Psychology at Eötvös Loránd University and cofounder of the marketing firm Darwin’s Marketing Evolution, Inc. He is the author of several books, including Moral Calculations.
