Tag: Game Theory
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Antifragility
Nassim Nicholas Taleb’s antifragility describes systems that gain from stress, differentiating from mere resilience. This principle, applicable from biological to economic systems, underscores growth and adaptation amidst volatility and unpredictability.
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Burn the Boats
The “Burn the Boats” strategy emphasizes unwavering commitment by eliminating options for retreat. Historically associated with Hernán Cortés in 1519, this approach has been applied in contexts ranging from military engagements to business initiatives, highlighting the depth of dedication to achieving an objective.
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Cui Bono
Derived from Roman legal traditions, “Cui Bono” translates as “To whom is it a benefit?”. Historically used to discern motives by pinpointing beneficiaries, it’s now a widely-used tool for navigating complex societal and economic dynamics.
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Lindy Effect
Originating from patterns noted at Lindy’s restaurant in New York, the Lindy Effect theorizes that the future lifespan of enduring entities, such as ideas, correlates with their current age. This concept offers a perspective on understanding persistence across various domains, from literature to technology.
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Hysteresis
Hysteresis describes systems where the current state is shaped by both past and present influences. Notable for its path dependence and non-linearity, the concept is particularly relevant in disciplines such as material science, engineering, and economics.