Word: idea
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...reverted to a habit she had developed over winter break: she went down to the first floor of UHS and locked herself in a bathroom, away from everyone and alone with her thoughts. By the time her cell phone rang, it had been five hours, yet she had no idea so much time had passed. Her parents were on the other line. They threatened to call the police if she wouldn’t tell them her location...
...upon finding himself enjoying Life Sciences 1a and contemplating the idea of research, Low asked O’Shea—who taught the course—about joining...
Also, in order to use the ice luge, you have to crouch down in an awkward squat just to take a shot. Apparently nobody has come up with the idea to prop an ice luge up to allow for standing luge runs. And inevitably, the drunkest, heaviest person in the room will saunter on over for a go. And inevitably, that person will subject themselves and everyone around to a good old bend-over. Nobody wins when that happens...
...first is closely related to a philosophical idea popularized by Soros himself: reflexivity. Originally developed as a sociological concept, reflexivity incorporates the essential feedback loop between cause and effect into analysis. This is best illustrated through self-fulfilling prophecies; think about a bank run à la Northern Rock: If rumors abound about a bank being illiquid, depositors will self-fulfill the prophecy by queuing to clear their accounts. There is a ‘tipping point’ for bubbles or bursts alike, which explains where market performance is anything but normally distributed. As Nassim Taleb made a career...
...second idea further complicates the ideological position of traditional econometricians by borrowing heavily from physicist Werner Heisenberg’s principle of uncertainty. If the observer adds an element of uncertainty by the mere fact of observing, then fully determined prediction is not a matter of how much data one can gather. Rather, it is “computationally intractable,” meaning that if there were an answer, the amount of data required to compute it is beyond not only our current methods, but anything we could ever achieve—we just cannot expect computers to model...