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ISBN: 9781781760796

ISBN-10: 1781760799

ISBN-13: 9781781760796

Edition: N/A

Authors:

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Description:

The book illustrate the application of feedback loops to everyday situations. They play an important part in determining the performance of numerous systems in sociology, psycholy, finance and economics; and many others. The positive feedback loop can be dangerous unless kept under control - it is often known as a vicious circle. It is nevertheless a necessary ingredient if any activity is to perpetuate itself. A successful business thrives on such aloop (it can also cause the unsuccessful business to go bankrupt). The self-confidence of people is subject to this phenomena and so too is the confidence in financial institutions - especially when rumours are spread. The negative feedback loop…

ISBN-10: 1781760799

ISBN-13: 9781781760796

Edition: N/A

Authors:

Description:

Book details