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Template:M intro design protestant and catholic: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "So, we implement process ''A'', to deal with malign contingency ''X'', but processes being only simplified models — derivatives — of the worlds they represent,<ref>We take it as axiomatic that, the “real world” being analogue, fractal and complex, a process ''cannot'' perfectly map to a target contingency: to believe it might is to mistake a map for the territory.</ref> process ''A''’s shadow inevitably falls across ''benign'' cont...") |
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So, we implement process ''A'', to deal with malign contingency ''X'', but processes being only simplified models — derivatives — of the worlds they represent,<ref>We take it as axiomatic that, the “real world” being analogue, fractal and complex, a process ''cannot'' perfectly map to a target contingency: to believe it might is to mistake [[the map and the territory|a map for the territory]].</ref> process ''A''’s shadow inevitably falls across ''benign'' contingencies ''Y'' and ''Z'': circumstances not needing process A, but which “[[If in doubt, stick it in|it won’t hurt]]” to subject to Process ''A'' anyway. | [[Protestant and catholic|So]], we implement process ''A'', to deal with malign contingency ''X'', but processes being only simplified models — derivatives — of the worlds they represent,<ref>We take it as axiomatic that, the “real world” being analogue, fractal and complex, a process ''cannot'' perfectly map to a target contingency: to believe it might is to mistake [[the map and the territory|a map for the territory]].</ref> process ''A''’s shadow inevitably falls across ''benign'' contingencies ''Y'' and ''Z'': circumstances not needing process A, but which “[[If in doubt, stick it in|it won’t hurt]]” to subject to Process ''A'' anyway. | ||
(The alternative would be to implement a Process ''A''', drawn wholly ''inside'' the boundary of malign contingency ''X'', and whose shadow therefore didn’t fall across ''any'' benign contingencies, but which also did not quite cover all instances of contingency ''X''. Such a process, which fails to address [[tail risk]]<nowiki/>s, is a ''bad'' process).<ref>It is also the principle upon which almost [[Black-Scholes option pricing model|all modern risk management is based]], but that is another story.</ref> | (The alternative would be to implement a Process ''A''', drawn wholly ''inside'' the boundary of malign contingency ''X'', and whose shadow therefore didn’t fall across ''any'' benign contingencies, but which also did not quite cover all instances of contingency ''X''. Such a process, which fails to address [[tail risk]]<nowiki/>s, is a ''bad'' process).<ref>It is also the principle upon which almost [[Black-Scholes option pricing model|all modern risk management is based]], but that is another story.</ref> | ||