Why Most Things FailFrom the best-selling author of The Death of Economics and Butterfly Economics, a ground-breaking look at a truth all too seldom acknowledged: most commercial and public policy ventures will not succeed. |
Contents
Up a Bit Then Down a Bit 36 | |
Making Sense of Segregation 58 | |
Playing by the Rules 77 | |
A Game of Chess 100 | |
The Powers that Be 169 | |
Take Your Pick? 189 | |
Resolving the Dilemma 202 | |
Why Things Fail 211 | |
What Is to Be Done? 222 | |
Suggestions for Further Reading 241 | |
Index 247 | |
About The Author | |
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Common terms and phrases
ability American assumption average behaviour biological species bounded rationality Butterfly Economics cent chapter chess companies competition competitors completely concept connections consumers context conventional economic countries curve decades decision described developed dramatic economic theory economists empirical environment equal evolution evolve example existence extinction events extinction rate fail failure Figure firms fitness for survival fossil record game theory geographical segregation Gini coefficient happens human impact income increase individual agents industry innovation interactions marginal cost massive mathematical maximizing million move Nash equilibrium Nobel observe outcome output particular patterns PAUL ORMEROD perfect competition period Phillips curve play players plot population power law Prisoner’s Dilemma problem racial random rational reality relationship rules segregation simply single social and economic species becoming extinct strategy success supply and demand twentieth century uncertainty unemployment whole words