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Core Features of Complex Systems
- Complexity arises from diverse, adaptive, connected, and interdependent elements in systems.
- Such systems produce intricate behaviors that are hard to predict and explain.
Power Law Distributions in Complexity
- Complex systems often produce power law distributions, unlike familiar Gaussian distributions.
- This leads to extreme winners and large inequalities, shaping fairness and design of institutions.
Watch Small Events Closely
- Pay attention to small issues in organizations as they can escalate into major problems.
- Recognize complex systems' fragility masked by periods of apparent stability.