Herewith are five policy rules that can help us to establish antifragility as a
ID: 3468780 • Letter: H
Question
Herewith are five policy rules that can help us to establish antifragility as a principle of our socioeconomic life Rule 1: Think of the economy as being more like a cat than a washing machine. We are victims of the post-Enlightenment view that the world functions like a sophisticated machine, to be understood like a textbook engineering problem and run by 35 wonks.5 In other words, like a home appliance, not like the human body. If this were so, our institutions would have no self-healing properties and would need someone to run and micromanage them, to protect their safety, because they cannot survive on their own. By contrast, natural or organic systems are antifragile: They need some dose of disorder in order to develop. Deprive your bones of stress and they become brittle. This denial of 40 the antifragility of living or complex systems is the costliest mistake that we have made inExplanation / Answer
18. 4. Should be viewed as opportunities to improve performance.
As it clearly states that ut is mistake to deprive ourselves of stress as it makes us week and abnormal
19. 3. . Importance of setbacks to industry success
As it states the industries who have succeeded by working on there mistakes after failures like airlines after crash and restaurants after bad feedbacks