By Ted G. Lewis
What makes the twenty first century varied from the twentieth century? This century is the century of extremes -- political, financial, social, and worldwide black-swan occasions occurring with expanding frequency and severity. booklet of Extremes is a travel of the present fact as obvious throughout the lens of complexity concept – the one thought in a position to explaining why the Arab Spring occurred and why it's going to ensue back; why social networks within the digital global behave like flashmobs within the actual international; why monetary bubbles blow up in our faces and may develop and burst back; why the wealthy get richer and may proceed to get richer despite governmental rules; why the way forward for fiscal wealth and nationwide energy lies in comparative virtue and international exchange; why usual mess ups will proceed to get larger and ensue extra often; and why the net – invented by way of the USA -- is headed for an international monopoly managed by means of a non-US company. it's also in regards to the severe ideas and heroic innovators but to be chanced on and famous over the subsequent a hundred years.Complexity conception combines the predictable with the unpredictable. It assumes a nonlinear international of long-tailed distributions rather than the classical linear global of ordinary distributions. within the advanced twenty first century, virtually not anything is linear or general. as an alternative, the area is very attached, conditional, nonlinear, fractal, and punctuated. lifestyles within the twenty first century is a long-tailed random stroll – Levy walks -- via severe occasions of unheard of impression. it truly is a thrilling time to be alive.
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Additional info for Book of Extremes: Why the 21st Century Isn’t Like the 20th Century
In the case of the Osama bin Laden raid, the raw data that the US military had to sift through was like finding the proverbial needle in the haystack of telephone calls, rumors, sightings, and informer interviews. Compared to bin Laden’s geographical location, everything else was meaningless noise that had to be filtered out and discarded. But which bits are information and which are noise? 4 These servers processed 100 billion pageviews per month. com registered one trillion pageviews in the month of June 2011.
Athar was the first ‘‘reporter’’ to witness the raid on Osama bin Laden’s compound, and the first to tell the rest of the world. ’’ Soon he had 61,829 Twitter followers—and even worse - fame. More to the point—Athar published the top-secret raid 10 h before anyone in the media even knew what was going on. His tweet may have been a blip in the night, but it also said something important about the 21st century—not even top-secret raids are immune to the ever-watchful eyes of the Internet. Forget about privacy.
3 Flashmobs Are Punctuated Events Flashmobs and other technology-amplified movements among the animali fit the rules governing 21st century culture like an intellectual glove. First, these surges obey long-tailed distributions in size, time, and space, just like the waves lapping at my feet on Asilomar Beach. Flashmobs recorded from 2002–2010 in North America moved through space and time like a foraging animal or Manhattan shopper. They are Levy flights. See Fig. 3. Big events are self-similar to small events in size, elapsed time between events, and distance from the last event.
Book of Extremes: Why the 21st Century Isn’t Like the 20th Century by Ted G. Lewis