Everything you can imagine is real. RSS

An eclectic collection of things I'm reading, looking at or thinking about.

A stream of consciousness companion to the Park Paradigm.


Andrew Haldane presents evidence from a range of real-world settings to demonstrate that decision-making in a complex environment can benefit from the use of simple decision rules of thumb. He argues that complex rules often: have punitively high costs of information collection and processing; rely on “over-fitted” models that yield unreliable predictions; and can induce defensive behaviour by causing people to manage to the rules.
  1. nexial reblogged this from parkparadigm
  2. parkparadigm posted this
blog comments powered by Disqus