Month: May 2024

Definition Complexity refers to the state of being intricate, interconnected, or multifaceted. There are non-linear interactions and dynamic feedback loops. Complex systems cannot be easily simplified. It requires a systems thinking approach to understand and navigate. A complicated system however, is easier to reduce to a model or diagram. Example Poly Crisis Adam Tooze’s Poly … Read more

Definition Nassim Nicholas Taleb popularised the term ‘Black Swan Event’ when referring to an unexpected, unforeseen event that has a huge impact. The metaphor of a black swan originated from the presumption that all swans were white, based on centuries of observation, until black swans were discovered in Australia, challenging the previously held assumption. Similarly, … Read more