Special Colloquium
Timo Ehrig
UIC and Witten-Herdecke
The Framing Landscapes Model - Mapping the Structure of Ambiguity
Abstract: (joint work with L. Kauffman)
This is the second workshop on this topic.
We will have the audience participate in analyzing texts by making the corresponding
graphical translations. It is not necessary to have attended the first talk to participate
in this activity.
This workshop discusses and demonstrates a model that maps debates. Topics
will include the logical/cognitive structure of valuations of stocks at
extended uncertainty by securities analysts.
Future estimates can only be declared as true/ false in hindsight and it
is more precise to say that they were successful or failed, as they are
performative and actively influence the future. This modeling is not at
the level of quantitative models such as the Black-Scholes model, but
rather at the level of making an image of on-going debates that have an
effect on the evolution of the market itself. This modeling does not take
certainty as a prerequisite. Debates at extreme uncertainty are
characterized by sense making dynamics. Our model begins in the web of
uncertain and fluctuating propositions of the debate, takes a dynamic
mathematical snapshot of this web, and allows the snapshot to evolve to
extrema of a potential function that we call its fixed points. The
snapshots and the results of its evolution then amplify and effect the
original debate and give information about the structure of the market at
that time.
Thursday November 29, 2007 at 3:00 PM in SEO 512