macrostate Archives - John Brodie Donald

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Catataxis
- What is Catataxis?
- Catataxis – the Book
- Catatactic Levels
- Systemic risk & catataxic shift
- Categorisation destroys informationThe act of categorising something removes it from its context and the loss of this contextual information can lead to major failure in the future – like the global financial crisis
- Complexity requires simplicityA complex economy requires division of labour. The more specialised each individual becomes the more complexity can evolve in the group as a whole. Single cell organisms can only evolve into complex multicellular creatures if cells become specialised – each doing one particular simple task
- Order requires ChaosOrder at a higher level requires disorder beneath it. This is the opposite of the maxim “as above, so below”. Functioning markets need robust disagreement between buyers and sellers. Market crashes only happen when everyone has the same (negative) opinion.
- More of the same is differentA quantitative change becomes a qualitative change in the end. This is sometimes expressed as ‘quantity has a quality all its own’ or more simply ‘more of the same is different’
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Order requires Chaos

The law of large numbers and the meaning of life

The Law of Large Numbers is a cornerstone of statistical science. It says that, while it is very hard to predict things on an individual basis, it is much easier to predict things on an aggregate basis once you have enough individuals in the group. The whole statistical toolbox of Read more…

By John Brodie Donald, 5 yearsNovember 13, 2018 ago