but LIBOR wasn’t one of them.It simply asked of a group of selected banks, “At what rate would you be able to borrow USD for any particular time period?” The LBA would then discard the top and bottom rate quotes, and average the rest. This rate would be set at a particular ...
it becomes impossible to entertain the notion of a discontinuity between the the body and its external environment. Living on this mountain, I can't help but realize that my body is completely
We can rather counter-intuitively actually simplify the problem statement, and often the solution. Secondly, when you peel the onion, everything can start to look the same. For example, the simplicity of many power-laws may work to our advantage, and we can start to apply them to map ...
Increase the number of visible alternatives and the perceived simplicity drops. The problem is that operational simplicity can be dramatically improved by adding more controls and displays. The very things that make something easier to learn and use can also make it be perceived as more difficult:...
By providing them with scales of simple to complex, and easy to hard, users were able to indepen- dently create a clear distribution based on their judgments of the complexity of the charts, and corresponding simplicity of reading, that is the readability and intelligibility in their minds. ...
[40,41]). They should rather be regarded as all-purposescenario generators, allowing one to shape one’s intuition about phenomena to uncover different possibilities and reduce the realm of Black Swans. The latter are often the result of our lack of imagination or of the simplicity of our ...