Skip to content

Quote by Rich Jolly

“By its morphology, an antifragile object should be the opposite of a fragile object. So, something that is antifragile should gain, or get better in some way, from variations.” quote by Rich Jolly — Download Open image

““By its morphology, an antifragile object should be the opposite of a fragile object. So, something that is antifragile should gain, or get better in some way, from variations.””

★ ★ ★ ★ ★ 2.2 out of 5 (3 ratings)

More by Rich Jolly

“The idea of antifragility, for which evolution is the most important example, gives us tremendous guidance: o Seek out low-cost options in your business and look for convex payouts. o Embrace trial and error processes, and foster entrepreneurship. o Embrace randomness, and be aware that attempts to mask or limit its effects may seem to work in the short run…

“In the early phases, the structure exhibits exponential growth. This identifies the reinforcing loop. However, the balancing loop is effectively dormant. It's only later…

Image

“In real life situations, there are often many feedback loops present, with perhaps several dormant feedback loops lying in wait.”

Image

“In system dynamic simulation, this data set is referred to as the reference behavior pattern (RBP).”

Image

“The negative effects of virtuous turned vicious loops is an extremely important lesson to keep in mind.”

Image

“7. Remember It’s Only a Model—Always remember George Box's excellent advice, “All models are wrong, but some are useful.” The feedback and delays you…

Image

“The scientific method asserts that one cannot prove a hypothesis, only disprove it. Seeing more white swans may strengthen the hypothesis, but seeing a…

Image

“Surowiecki outlined four conditions that characterized wise crowds: 1. Diversity of opinion 2. Independence 3. Decentralization 4. An aggregation mechanism”

Image

“Generally, the modeler should look for natural boundaries of the system to capture the most important and impactful structure.”

Image

“Complexity can be categorized into two types: combinatorial and dynamic.”

Image

“if your business ecosystem seems stable, don't be lulled into a potentially false sense of security. Big changes can happen very quickly. Don't confuse low volatility with low risk. Andy Grove, former Intel CEO, was fond of saying "Only the paranoid survive." These are wise words. Models used in business often do very well in periods of stability, but fail…

“Google has studied this with their prediction markets and found evidence for better information flow for employees who were physically closer together (Cowgill et…

Image

Explore all 61 Rich Jolly quotes