FROM UNDERSTANDING CHAOS THEORY INTO PREDICTING “THE DOUBLE DIP”?
It is almost two years ago since the first collapse of the global financial and economical system. Slowly it seems that economy is picking up although on the other hand some people believe the “double dip” is very near. Since awhile I have been very interested in the insights chaos theory can bring us. While serving the net I come across an interview with Mathematician Benoit Mandelbrot and author Nassim Taleb of “The Black Swan”.
In my last post you can see some footage of a BBC documentary about Mandelbrot’s achievements: http://itfits4freshviews.wordpress.com/2010/08/01/letting-go-linear-thinking/
And in this Youtube film you see another interesting visualization of the Mandelbrot set:
It is extremely interesting to see that everything is interconnected: complex on the outside and very simple when you finally understand what it is about.
Let’s go to today! We are in the middle of a financial, ecological and socio-political crisis. I spoke about it in former posts, our leaders and other decision makers are square and linear thinkers. They are too traditional to understand that complexity and simplicity are so close to each-other that it is better not always to trust on “the experience of the past”! There are more roads that lead us to Rome.
Nassim Taleb with his book “The Black Swan” tried to warn politicians and bankers of the risks they were taking. http://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb
It appears Mandelbrot is like a mentor for Taleb. In the following youtube film you’ll see an interview with the mathematician Benoit Mandelbrot and the writer and former practitioner of mathematical finance Nassim Taleb.
For me it is clearer than ever before that pointless economical thinking of never ending growth has too be revised! We need a global discussion between scientist, economists, politicians and creative thinkers to set the change into movement so desperately pleated for by President Obama.
Let’s face it: one charismatic leader is not enough to open the door to a fairer world!