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Limits to the future
by Bengt-Arne Vedin professor emeritus,
bengt-arne.vedin@telia.com
Experiences from
future studies
Lessons from a limitless past
The best is to fail
if a dire forecast:
beneficially self-destructing
Transcend the
obvious
Markets, technology = obvious concerns
But in addition perhaps, f ex, competency
calling for nerds/geeks
working long hours but odd ones
’odd’ behavior: wild music, informal dress
= how recruit, how motivate, selection criteria
So: values do change
both inside an organization
AND affecting market & social behavior
So describing & understanding values offer great
potential
Remember human
qualities
E g, no Moore’s law for our attention
’New’ (pseudo-) Maslowian scales
Forecast concerns
Forecasts to 7 decimal places hokey
Mysterious, sometimes in-exact labels
(ex the XYZ society)
Too many forecasts = several conflicting?
Irregularities may signal important change looming
Single forecasts
reasonable
–– But their sum may outcrowd
people
markets
society
+ Systems move at different speeds
energy systems ≠ dress fashion
Singular forecast
reasonable as such -
but WHEN
Prepare for several outcomes, routes
alternatives
w/ scenarios
’futuribles’
But in addition to
’when’
HOW
Order of events crucial
Results path dependent
Increasing marginal returns possible
Catastrophe, path dependent:
An attempt to go from A to B is harmonious but the way
from A over C results in a drastic fall, a discontinuity
Ill. Gull-May Holst
Trends
vs. countertrends
Fast food – deli
Molecular cuisine – bio-wine
Weak/Early signals
Inflection points
Upcoming restrictions
Trajectories
Linear
Exponential
= Power laws
w/ limits
’biological’
laws of nature
’normal’ distribution no normal
standard deviation no standard
Collect, match different
future studies
They portray today’s concerns
Whose concerns (competition, politicians,…)
… thus pix of tomorrow
Actions!?
- Organize future studies thematically and relations-wise
- Qualify/quantify relations to possible macroeconomics &
’futuribles’
- Create incentives for front-line people to report on
change signals
- Establish prediction markets for emerging demands &
technology

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Limits to the future

  • 1. Limits to the future by Bengt-Arne Vedin professor emeritus, bengt-arne.vedin@telia.com
  • 3. The best is to fail if a dire forecast: beneficially self-destructing
  • 4. Transcend the obvious Markets, technology = obvious concerns But in addition perhaps, f ex, competency calling for nerds/geeks working long hours but odd ones ’odd’ behavior: wild music, informal dress = how recruit, how motivate, selection criteria
  • 5. So: values do change both inside an organization AND affecting market & social behavior So describing & understanding values offer great potential
  • 6. Remember human qualities E g, no Moore’s law for our attention ’New’ (pseudo-) Maslowian scales
  • 7. Forecast concerns Forecasts to 7 decimal places hokey Mysterious, sometimes in-exact labels (ex the XYZ society) Too many forecasts = several conflicting? Irregularities may signal important change looming
  • 8. Single forecasts reasonable –– But their sum may outcrowd people markets society + Systems move at different speeds energy systems ≠ dress fashion
  • 9. Singular forecast reasonable as such - but WHEN Prepare for several outcomes, routes alternatives w/ scenarios ’futuribles’
  • 10. But in addition to ’when’ HOW Order of events crucial Results path dependent Increasing marginal returns possible
  • 11. Catastrophe, path dependent: An attempt to go from A to B is harmonious but the way from A over C results in a drastic fall, a discontinuity Ill. Gull-May Holst
  • 12. Trends vs. countertrends Fast food – deli Molecular cuisine – bio-wine Weak/Early signals Inflection points Upcoming restrictions
  • 13. Trajectories Linear Exponential = Power laws w/ limits ’biological’ laws of nature ’normal’ distribution no normal standard deviation no standard
  • 14. Collect, match different future studies They portray today’s concerns Whose concerns (competition, politicians,…) … thus pix of tomorrow
  • 15. Actions!? - Organize future studies thematically and relations-wise - Qualify/quantify relations to possible macroeconomics & ’futuribles’ - Create incentives for front-line people to report on change signals - Establish prediction markets for emerging demands & technology