Optimality vs. Fragility: Are Optimality and Efficiency the Enemies of Robustness and Resilience?
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Annual Risk Meeting
Held at Morgan Stanley World Headquarters, 41st Floor, 1585 Broadway, New York, NY
Thursday, October 2, 2014
Summary: 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.