Dive into the archives.
- Fixing the Financial System: The Bank of England’s Systemic View of Organizational Behavior
Andrew G. Haldane , Executive Director for Financial Stability of the Bank of England, delivered a remarkable paper at the April 2009 meeting of the Financial Student Association, in Amsterdam. Entitled, “Rethinking the Financial Network”, its deserved acclaim in the world press concerns its reliance on the study of complexity in natural systems: from epidemiology [...]
- The Irrationality of Sacrifice In Satisficing
One of the greatest recognitions about organizational decision-making is Nobel Laureate, Herbert Simon’s notion of “satisficing”. Satisficing is the maximizing of multiple divergent inputs toward a goal based on a weighting of divergent parts. While the end product is rarely ideal from the perspective of any discrete participant’s perspective, its measure of utility is in [...]
