Metaphors aren’t just literary devices, they affect our intuition and reasoning in ways we’re barely aware of. Which isn’t to say they’re bad; they’re essential — that’s the point. By calling Metaphors We Live By a “landmark” in the previous post, I wasn’t trying to be dramatic, I was simply trying to provide better information [...]
intuition
Continued from the social uncertainty principle post, using the analogy of Heisenberg’s uncertainty principle. Like virtually all of the ideas I’m describing in this series, the social uncertainty principle is a heuristic for observing ideas-in-action and overcoming fallacies that affect them. Specifically it’s a rule of thumb for working out a balance between ideas that [...]
Tagged as: epistemology, information, intuition, knowledge, management, methods, organizations, social uncertainty, statistics, think21st, uncertainty, uncertainty principle
Driving Processes
by OpenConceptual on 07-30-2009
in commentary,concepts
You will hear people talking about “latency,” which means the delay between a trading signal being given and the trade being made. Low latency — high speed — is what banks and funds are looking for. Yes, we really are talking about shaving off the milliseconds that it takes light to travel along an optical [...]
Tagged as: control, decision-making, decisions, finance, intuition, judgment, latency, mind, objectivity, pattern recognition, process, quantitative finance