Simplexity

Simplexity is an emerging theory that proposes a possible complementary relationship between complexity and simplicity. The term draws from General Systems Theory, Dialectics (philosophy) and Design. Jeffrey Kluger wrote a book about this phenomenon that describes how house plants can be more complicated than industrial plants, how a truck driver's job can be as difficult as a CEO's and why 90% of the money donated to help cure diseases are given only to the research of 10% of them (and vice versa).'The simplexity of a problem is the maximum inefficiency among the reluctant algorithms that solve P. An algorithm is said to be pessimal for a problem P if the best-case inefficiency of A is asymptotically equal to the simplexity of P.''Simplexity may be defined as the combination of simplicity and complexity within the context of a dynamic relationship between means and ends.';'Maybe the best word for what we are trying to achieve is simplexity. A research product that draws on a very complex analytical foundation, but is presented in a very simple and easy to digest manner. ... This concept of simplexity may be important in a much broader sense. The general idea of simplexity could be key to effectively service a growing community of so-called “quantmental” fund managers that use large amounts of data and modeling in their processes, while still applying a human touch in the final investment decisions. We think simplexity will be increasingly important to how we develop our overall research at Exante.''We long for simplicity and satisfaction. Simplexity therefore stands for a balance between the growing complexity of daily life and our own personal satisfaction. In order to attain this state, we have to stop always striving to make optimal decisions. In the future, it will be more important to make judgments that are just good enough.' Simplexity is an emerging theory that proposes a possible complementary relationship between complexity and simplicity. The term draws from General Systems Theory, Dialectics (philosophy) and Design. Jeffrey Kluger wrote a book about this phenomenon that describes how house plants can be more complicated than industrial plants, how a truck driver's job can be as difficult as a CEO's and why 90% of the money donated to help cure diseases are given only to the research of 10% of them (and vice versa). The term has been adopted in advertising, marketing and other industries.