PSY435H1 Lecture Notes - Environmental Psychology, Organization X, Feedback
Document Summary
Most programs designed: too top-down- you come up w ideas and unleash them into population. Environmental community believes in the community social capital. Power in diversity allows you to come up with something cool. At same time you want simplicity simplicity also powerful. Economy of scale : you have perfect knowledge- you know what"s going to happen and you want to invest in stock market. If you have perfect knowledge, then you put all your eggs in one basket (bc one stock that will go above any other. If you have imperfect knowledge you have, you need to have diversified portfolio: imperfect knowledge: means you have to settle on sub-optimal option. Food system: if you knew what weather was going to be like thing of aim of planting one crop if you plant it at one time very efficient one market one train- very efficient system.
