Source: Increasing Returns and Path Dependence in the Economy, (1994), p. 1: Chapter 1. Positive feedback in economics
“Positive feedbacks, when unchecked, can produce runaways until the deviation from equilibrium is so large that other effects can be abruptly triggered and lead to ruptures and crashes.”
Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 82.
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Didier Sornette 27
French scientist 1957Related quotes
Source: Media Control: The Spectacular Achievements of Propaganda
Don Soderquist “ Live Learn Lead to Make a Difference https://books.google.com/books?id=s0q7mZf9oDkC&lpg=pg=PP1&dq=Don%20Soderquist&pg=PP1#v=onepage&q&f=false, Thomas Nelson, April 2006 p. 66.
On Keeping Humble
Quoted in Piano Mastery: Talks with Master Pianists and Teachers (1915) by Haeriette Brower
Source: Collective Intelligence and its Implementation on the Web (1999), p.265
Was klein ist im Beginn wird oft am Ende überaus groß sein. Und so geschieht es, das wer im Anfange auch nur um ein Weniges von der Wahrheit abweicht, im Verlauf immer weiter und weiter und zu tausendmal größern Irrthümer fortgeführt wird.
On the Several Senses of Being in Aristotle (1862)
“Ignorance and apathy will eventually lead to the annihilation of humanity if left unchecked.”
The Transhumanism Handbook, 2019