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Showing posts from February, 2022

[Book Review] A Crude Look At The Whole by John H. Miller

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A Crude Look At The Whole by John H. Miller Who is the author? John H. Miller holds a B.A. in Economics and a B.S. in Finance from the University of Colorado. He received his PhD in Economics from the University of Michigan in 1988. Since then, he has joined the Santa Fe Institute as a doctorial fellow and is currently Professor of Economies and Social Sciences at Carnegie Mellon University. His research fields are as follows, and we can see that his research fields are very broad. Agent-based Modeling, AI/Machine Learning, Behavior, Biology, Economics, Evolution, Finance, Psychology, Risk & Uncertainty, Social Science, Strategy/Decision Making, Complex Adaptive Social Systems (Source: Santa Fe Institute website) Why did the author write this book? As an economist, his main research field is focused on the study of economic mechanisms or finding and studying economic patterns based on the theory of complex systems. In fact, we all know that the economy is only a small fraction (or ...

What is Foresight?

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What is Foresight? Daegon Lee , a member of Association of Professional Futurist, a graduate student in Master of Science in Foresight at the University of Houston Many people have never heard of the words foresight or futures studies, or even if they did, they don't know exactly what they mean. Webster's Dictionary defines foresight as 'an act or the power of foreseeing' or 'an act of looking forward'. In other words, foresight means work or action to see the future, and the result. So some of you may ask, 'Is foresight predicting the future?' or 'Are you a psychic?' Futurists for foresight are different from fortune tellers for prophecy. Foresight collects information from the past and present and uses it to create multiple future scenarios that are likely to occur through causality, logic, and rational creativity. Foresight differs from prediction, which uses magical powers inaccessible to ordinary people to ‘precise blow’ a single future. I m...