Logic Of Miracles

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    Logic of Miracles
    Making Sense of Rare, Really Rare, and Impossibly Rare Events
    By: Laszlo Mero
    Publisher:
    Yale University Press
    Print ISBN: 9780300224153, 030022415X
    eText ISBN: 9780300238488, 0300238487
    Format: EPUB
    Available from $ 27.50 USD
    SKU 9780300238488
    We live in a much more turbulent world than we like to think, but the science we use to analyze economic, financial, and statistical events mostly disregards the world’s essentially chaotic nature. We need to get used to the idea that wildly improbable events are actually part of the natural order. The renowned Hungarian mathematician and psychologist László MérŠ‘ explains how the wild and mild worlds (which he names Wildovia and Mildovia) coexist, and that different laws apply to each. Even if we live in an ultimately wild universe, he argues, we’re better off pretending that it obeys Mildovian laws. Doing so may amount to a self†‘fulfilling prophecy and create an island of predictability in a very rough sea. Perched on the ragged border between economics and complexity theory, MérŠ‘ proposes to extend the reach of science to subjects previously considered outside its grasp: the unpredictable, unrepeatable, highly improbable events we commonly call “miracles.”
     

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