Venue: Morgan Stanley, New York, NY
Co-organizers: Martin Leibowitz (Morgan Stanley), Michael Mauboussin (Credit Suisse), and John Rundle (UC Davis and SFI)
The goals of optimality and efficiency are pervasive in business and government. Yet there is suggestive evidence that attempting to optimize a system’s performance or to make it more efficient can make it more brittle, fragile, and less robust and resilient. This meeting will explore relationships between optimality/efficiency and robustness/resilience over a wide range of biological, technological, and organizational systems.