Template:M intro design Metis: Difference between revisions

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{{Quote|If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.
{{Quote|If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.
:—John Paul Getty (''attrib.'')}}
:—John Paul Getty (''attrib.'')}}
{{d|Metis||n|}}
{{d|Metis|/ˈmiːtɪs/|n|}}
This is hard to describe — folk wisdom, knowhow, Odyssean cunning — but in the corporate world it struck me as most resembling expertise. Ingenuity, problem-solving, lateral thinking; smarts for figuring out what to do on the fly if you are in a jam.  
A coinage from {{author|James C. Scott}}’s magnificent {{br|Seeing Like A State}}, metis is hard to describe — the Greek word “Μῆτις” combined folk wisdom, knowhow, Odyssean cunning — but in the corporate world it most resembles ''[[subject matter expertise]]''. Ingenuity, problem-solving, lateral thinking; smarts for figuring out what to do on the fly if you are in a jam.


The Greek word “Μῆτις” combined wisdom and cunning as embodied by the hero Odysseus. Classical Athenians regarded metis as one of the notable characteristics of the Athenian character.  
Μῆτις was also one of the sea-nymphs, who became some kind of deity associated with wisdom, deep thought, and magical cunning. Which is nice.


Μῆτις was also one of the sea-nymphs, who became some kind of deity associated with wisdom, deep thought, and magical cunning.
picked up in the early exchanges of {{author|Allen Farrington}}’s {{br|Bitcoin Is Venice}} is that of the difference of “[[metis]]” — knowhow, experience, wisdom, accumulated ''[[heurism]]'' — what we call ''[[subject matter expertise]]'', and which stands in distinction to — in forlorn ''defiance'' of — [[high modernism]] which solves everything at scale, by abstract model referencing the homogenised general and not the intricate particular.
 
An observation from {{author|James C. Scott}}’s {{br|Seeing Like A State}}, picked up in the early exchanges of {{author|Allen Farrington}}’s {{br|Bitcoin Is Venice}} is that of the difference of “[[metis]]” — knowhow, experience, wisdom, accumulated ''[[heurism]]'' — what we call ''[[subject matter expertise]]'', and which stands in distinction to — in forlorn ''defiance'' of — [[high modernism]] which solves everything at scale, by abstract model referencing the homogenised general and not the intricate particular.


The difference between the top-down [[averagarianism|averagarian]] view and the [[subject matter expert]]’s view. The administrator knows that the portfolio risk is, say 5 percent and succeeds it she can “manage the portfolio” to suffer a risk of less than 5 percent — which she may do by ''changing'' the portfolio to remove what she sees as the high-risk instruments — whereas an individual risk manager manages a single instrument with a given risk of 5 percent and succeeds if she can avoid that risk altogether. For the individual risk manager, there is no 5 percent loss. The loss is either nil or 100%.
The difference between the top-down [[averagarianism|averagarian]] view and the [[subject matter expert]]’s view. The administrator knows that the portfolio risk is, say 5 percent and succeeds it she can “manage the portfolio” to suffer a risk of less than 5 percent — which she may do by ''changing'' the portfolio to remove what she sees as the high-risk instruments — whereas an individual risk manager manages a single instrument with a given risk of 5 percent and succeeds if she can avoid that risk altogether. For the individual risk manager, there is no 5 percent loss. The loss is either nil or 100%.