Flaw in the model

Alan Greenspan found a flaw in the model. What happens when you find a flaw in yours? Do you keep going with the old model as long as you can, right up to the point at which you experience your own local equivalent of the global financial crash? Or do you somehow try to extricate yourself from the model and defect from your own point of view? This second possibility is clearly much harder than just keeping on going, but then it might also be, in the long run, less damaging.
Let’s face it, Greenspan didn’t ‘find’ a flaw – the flaw was foisted upon him by events spiralling out of his control. Had he queried himself sooner, the rest of us might have been less impacted by his last minute flaw-finding.
Churchill is supposed to have said ‘There is nothing wrong with change, if it is change in the right direction. To improve is to change; to be perfect is to have changed often.’
So how do we do it – how do we defect from our own framework of thought? Continue reading “Flaw in the model”