Building an Adaptive Stress Library
This insight that market intelligence is not evenly distributed drives the design of our Adaptive Stress Library to harness intelligence from Innovators and Early Adopters.
Innovators foresee potential risks that are imperceptive to most. As Frederic Bastiat recognized in 1850, this ability to foresee is what differentiates visionary and ordinary economists:
In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause – it is seen. The others unfold in succession – they are not seen: it is well for us, if they are foreseen. Between a good and a bad economist this constitutes the whole difference – the one takes account of the visible effect; the other takes account both of the effects which are seen, and also of those which it is necessary to foresee. Bastiat (1850)