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Reiterating Experimentation: Inventing New Possibilities of Life
Stockholm University, Faculty of Social Sciences, School of Business.
Stockholm University, Faculty of Social Sciences, School of Business.
1999 (English)In: Emergence. A Journal of Complexity Issues in Organizations and Management, ISSN 1532-7000 (electronic) 1521-3250 (paper), Vol. 1, no 3, 71-83 p.Article in journal (Refereed) Published
Abstract [en]

Experimentation in the face of uncertainty is a complex system’s answer to the established notions of risk and loss avoidance in the financial arena. Bay and Bäckius are adding to the traditional conceptions of experimentation the notions of mental models and ontology. They argue that experimentation is the creation of something new in the face of uncertainty and risk. The emergent, derived from a set of adjacent possibilities, is allowed to redefine both “that which is” and “the yet to be”. Bay and Bäckius illustrate this with examples drawn from the field of financial derivatives and the Swedish region of Gotland.

 

Place, publisher, year, edition, pages
1999. Vol. 1, no 3, 71-83 p.
National Category
Business Administration
Research subject
Business Administration
Identifiers
URN: urn:nbn:se:su:diva-55119DOI: 10.1207/s15327000em0103_7OAI: oai:DiVA.org:su-55119DiVA: diva2:401314
Available from: 2011-03-02 Created: 2011-03-02 Last updated: 2011-03-04Bibliographically approved

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