The Logic of Miracles: Making Sense of Rare, Really Rare, and Impossibly Rare Events

Mero, Laszlo

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ISBN 10: 030022415X ISBN 13: 9780300224153
Published by Yale University Press, 2018
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We 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 Mérő 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, Mérő proposes to extend the reach of science to subjects previously considered outside its grasp: the unpredictable, unrepeatable, highly improbable events we commonly call “miracles.”

About the Author: László Mérő is a professor at the Institute of Psychology at Eötvös Loránd University and cofounder of the marketing firm Darwin’s Marketing Evolution, Inc. He is the author of several books, including Moral Calculations.

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Title: The Logic of Miracles: Making Sense of Rare,...
Publisher: Yale University Press
Publication Date: 2018
Binding: Hardcover
Condition: New
Dust Jacket Condition: Dust Jacket Included

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