I really appreciate the explorative, curious, open and constructive approach Toby!
On ‘what are some important results that a complex model produces’, one nice example is a focus on vulnerability. That is, focus on improving general resilience, as well as preventing and mitigating particular hazards. This has apparently become best practice in many companies—e.g. rather than just listing hazards, focus also on having adequate capital reserves and some slack/redundancy in one’s supply chains.
Matt Boyd and Nick Wilson have done some great complex-model-ish work looking at the resilience of island nations to a range of scenarios. One thing that turned up is that Aotearoa New Zealand has lots of food production, but transport of that food is reliant on road transport, and the country closed its only oil refinery. Having an oil refinery might increase its resilience/decrease its vulnerability.
I don’t think that point would have necessarily come up in a ‘simple-model’ approach, but its concrete, tractable, important and plausibly a good thing to suggest the govt act on.
Of course, you touch on vulnerabilities in the Precipice. Nevertheless, its fun to wonder what a sequel would look like with each chapter framed around a critical system/vulnerability (food, health, communications) rather than each around a particular hazard.
I really appreciate the explorative, curious, open and constructive approach Toby!
On ‘what are some important results that a complex model produces’, one nice example is a focus on vulnerability. That is, focus on improving general resilience, as well as preventing and mitigating particular hazards. This has apparently become best practice in many companies—e.g. rather than just listing hazards, focus also on having adequate capital reserves and some slack/redundancy in one’s supply chains.
Matt Boyd and Nick Wilson have done some great complex-model-ish work looking at the resilience of island nations to a range of scenarios. One thing that turned up is that Aotearoa New Zealand has lots of food production, but transport of that food is reliant on road transport, and the country closed its only oil refinery. Having an oil refinery might increase its resilience/decrease its vulnerability.
I don’t think that point would have necessarily come up in a ‘simple-model’ approach, but its concrete, tractable, important and plausibly a good thing to suggest the govt act on.
Of course, you touch on vulnerabilities in the Precipice. Nevertheless, its fun to wonder what a sequel would look like with each chapter framed around a critical system/vulnerability (food, health, communications) rather than each around a particular hazard.