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Reiterating Experimentation
Volume: 1, Issue 3
Experimentation in the face of uncertainty is a complex systems answer to the established notions of risk and loss avoidance in the financial arena. Bay and B�ckius 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 possibles, is allowed to redefine both ?that which is? and ?the yet to be.? Bay and B�ckius illustrate this with examples drawn from the field of finan cial derivatives and the Swedish region of Gotland.