The greatest risk often lies in people's biased perceptions of risk itself. These biases, both psychological and political, tend to lead to a dangerous underestimation of risk. Our advice, backed by data and methodologies we've developed, is focused on debiasing risk.
— Bent Flyvbjerg Leading researcher on megaprojects, planning, and governance expertUntil James DeGale won a World Title, no-one who'd won a gold medal for Britain in the Olympic Games had ever won a professional World Title, which is quite amazing. Sometimes the greatest boxers get overlooked.
You asked why movies have become so popular, I'm going to tell you why, it's because the images move… They're not static. I could stare at a Van-Gogh for hours, but I sit in a theatre and the images move. As the frames move and tell a story, it is that movement which emotionally connects you.
They took a relative view of risk... They had an understanding of the risks of something going wrong, but balanced that against missing an opportunity. When that opportunity exceeded the risk of going wrong? That's when they jumped.
At Stanford University School of Medicine, we seek individuals who are not only masters in their current roles but also visionaries passionate about shaping the future of their fields. We value those who strive to turn their visions into reality. Moreover, we prioritise collaboration. It's crucial to have team members who, while honing their skills daily, are also bold enough to think outside the box—or even question its existence.
I think of creativity very broadly, for me it's about solving problems. A lot of people put creativity into the narrow bucket of artistic expression; including film-making, creative writing, music and so on- but there are many who understand that if you look at science and engineering, there are many very interesting problems that require creativity and you see a great outpouring of new ideas.
Even in those very difficult moments, I had enough freedom to choose who I wanted to be in the face of that circumstance. For all of us, the challenge is to rise above our experiences and make choices to choose light over darkness.
Economic integration doesn't remove a country's identity, far from it… rather the range of products, services, instruments and intellectual processes available increases. You keep what you have and add things from abroad. This is not reducing identity, but expanding it.
Until the Wall Street Crash of 1929, the economy had been measured in tonnes of grain and steel, and because of the crash- economists and politicians decided they wanted some grip over the scale of output of the economy- so they turned to a brilliant young scientist called Simon Kuznets and asked him how they should be measuring economic output. His answer was published in 1930s- he figured out a way to add-up all the tonnes of grains and steel and create a national income figure. He gave the caveat that it would scarcely be taken as the measure of welfare of a nation because it didn't include all the value created in a community, all the unpaid caring work at home, and only measured what was sold- not what was used-up!
Success and fame, especially fame, can instigate fundamental shifts within us at a cellular level. The very nature of fame is peculiar; it's akin to an insatiable flame that ceaselessly yearns for more, compelling you to endlessly seek something, despite its ultimate emptiness.
There is a certain conventional wisdom about the way that humanity evolved over time. The puzzling element is that much of the gain that we made in the technological realm were converted into more people, rather than into richer people up until very, very recently. World income per capita has increased 14-fold in the past 200 years, whereas over 300,000 years of human existence, it hardly changed.
We are fields endowed with consciousness and free will, existing in a reality deeper than the familiar realm of space, time, and interacting objects. Consciousness exists independently of any physical form; it resides in the underlying field that instantiates the matter and energy we measure in space and time.
It's absolutely true that a lot of the time the market is indistinguishable from a coin toss. However, when the system is under some stress, when the market is undergoing changes, the coin toss model just doesn't work. The 'black swan' doesn't appear very often in coin-toss land but in agent based complex systems land, it appears quite a lot.