Description
Book SynopsisWe live in a much more turbulent world than we like to think, but the science we use to analyze economic, financial, and statistical events mostly disregards the world's essentially chaotic nature. We need to get used to the idea that wildly improbable events are actually part of the natural order. The renowned Hungarian mathematician and psychologist László Méro explains how the wild and mild worlds (which he names Wildovia and Mildovia) coexist, and that different laws apply to each. Even if we live in an ultimately wild universe, he argues, we're better off pretending that it obeys Mildovian laws. Doing so may amount to a self-fulfilling prophecy and create an island of predictability in a very rough sea. Perched on the ragged border between economics and complexity theory, Méro proposes to extend the reach of science to subjects previously considered outside its grasp: the unpredictable, unrepeatable, highly improbable events we commonly call miracles.
Trade Review“It's hard to see how miracles and math fit together. But if you accept László Mérö's invitation, you will enter a world where miracles are normal and the predictable sits side-by-side with the unpredictable. Along the way, he unveils the mathematics of the stock market and explains, in a playful yet mathematically accurate way, the roots of market crashes and earthquakes, and why ‘black swans’ are not just calamities but opportunities.”—Albert-László Barabási, author of
Linked"Engaging, accessible, yet consistently surprising, Laszlo Mero’s
The Logic of Miracles breaks new ground in the relationship of probability, fate, and the ability of human beings to behold them."—Douglas Rushkoff, author of
Present Shock “This is a masterpiece. Laszlo Merö, with intelligence and wisdom, summarizes knowledge of mathematics and statistics, philosophy and psychology, natural and social sciences, to explain the nature of ‘miracles’ of life. Scientific methods are explained brilliantly, spiked with anecdotes and dry humor.”— Erich Kirchler, University of Vienna, Austria
