Schlagwort: Chaos
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Is there chaos in management or just chaotic management?
Due to chaos small causes may evolve in time and have tremendous effects. It leads to very important effects in science and engineering. But does it have implications for management and business? (...)
Wrong use of averages implies wrong results from many heuristic models
In a linear world, averages make perfect sense. Something too big is compen-sated by something too small. We show, however that the underlying diffe-rential equations (e.g. unlimited (...)