Book of Extremes Why the 21st Century Isnâ_Tt Like the 20th Century /

What makes the 21st century different from the 20th century? This century is the century of extremes -- political, economic, social, and global black-swan events happening with increasing frequency and severity. Book of Extremes is a tour of the current reality as seen through the lens of complexity...

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Detalles Bibliográficos
Autor principal: Lewis, Ted G.
Formato: Libro electrónico
Lenguaje:Inglés
Publicado: Cham : Springer International Publishing : Imprint: Copernicus, 2014.
Materias:
Acceso en línea:http://dx.doi.org/10.1007/978-3-319-06926-5
Aporte de:Registro referencial: Solicitar el recurso aquí
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505 0 |a Waves -- Flashes -- Sparks -- Booms -- Bubbles -- Shocks -- Xtremes -- Bombs -- Leaps -- Transitions. 
520 |a What makes the 21st century different from the 20th century? This century is the century of extremes -- political, economic, social, and global black-swan events happening with increasing frequency and severity. Book of Extremes is a tour of the current reality as seen through the lens of complexity theory â_" the only theory capable of explaining why the Arab Spring happened and why it will happen again; why social networks in the virtual world behave like flashmobs in the physical world; why financial bubbles blow up in our faces and will grow and burst again; why the rich get richer and will continue to get richer regardless of governmental policies; why the future of economic wealth and national power lies in comparative advantage and global trade; why natural disasters will continue to get bigger and happen more frequently; and why the Internet â_" invented by the US -- is headed for a global monopoly controlled by a non-US corporation. It is also about the extreme innovations and heroic innovators yet to be discovered and recognized over the next 100 years.Complexity theory combines the predictable with the unpredictable. It assumes a nonlinear world of long-tailed distributions instead of the classical linear world of normal distributions. In the complex 21st century, almost nothing is linear or normal. Instead, the world is highly connected, conditional, nonlinear, fractal, and punctuated. Life in the 21st century is a long-tailed random walk â_" Levy walks -- through extreme events of unprecedented impact. It is an exciting time to be alive. 
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