Fundamentally, the modern world operates on trust. Familial trust is generally a given (otherwise we’d have a hell of a time surviving), but we also choose to trust chefs, clerks, drivers, factory workers, executives, and many others. A trusting system is one
"The rational behavior is a really good benchmark. But it's also important to included biases in our model. Think about, are there biases that would be relevant. And it's also important to think about what if we just write down a simple
"Rule-based modeling is a modeling approach that uses a set of rules that indirectly specifies a mathematical model." - Wikipedia Source: Scott Page Model Thinking MOOC Course
"The behavioral approach to systems theory and control theory was initiated in the late-1970s by J. C. Willems as a result of resolving inconsistencies present in classical approaches based on state-space, transfer function, and convolution representations. This approach is also motivated by
"The rational actor model is based on rational choice theory. The model adopts the state as the primary unit of analysis, and inter-state relations (or international relations) as the context for analysis." - Wikipedia Source: Scott Page Model Thinking MOOC Course
"Modeling people is tricky. Physicist Marie Gelmont once famously said, imagine how difficult physics would be. If electrons could think [laugh] so what did he mean human? What he meant was that you know if you take an electron or a carbon
"""Harder to trace in its origin, Hanlon’s Razor states that we should not attribute to malice that which is more easily explained by stupidity. In a complex world, this principle helps us avoid extreme paranoia and ideology, often very hard to escape
This seems obvious, but how many times are we tricked by our reverse engineering and backward reasoning? Consistent effort and curiosity are required to understand the true cause and effect. “The narrative fallacy addresses our limited ability to look at sequences of