Time Quote 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…

— Rich Jolly

“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…

— Rich Jolly

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

— Rich Jolly

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

— Rich Jolly

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

— Rich Jolly

“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…

— Rich Jolly

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

— Rich Jolly

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

— Rich Jolly

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

— Rich Jolly

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

— Rich Jolly

“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…

— Rich Jolly

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

— Rich Jolly