Blog: The Law of Unintended Consequences, Complexity and Markets
Overconfidence in a complex environment can lead decision makers and investors astray.
Unlike Murphy's Law, which underpins my beliefs on risk management, the Law of Unintended Consequences (LUC) does not have a firm definition. Despite this, it is often quoted.
The LUC is representative of our times. All around us decisions are being made that seem to ignore potential known consequences let alone acknowledging that there are also unknown results.
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