Lessons from Texas, COVID-19 and the 737 Max - Efficiency vs Resilience

Explore a thought-provoking lecture by Prof. Moshe Vardi on the critical balance between efficiency and resilience in computer science and economics. Delve into case studies including the Texas power crisis, COVID-19 pandemic, and Boeing 737 Max issues to understand the consequences of prioritizing efficiency over resilience. Examine how various fields, from algorithms and AI to free market economics, have overemphasized efficiency at the expense of system robustness. Learn about the importance of resilience in modern systems and how it can be incorporated as a primary consideration in both technological and economic domains. Gain insights into topics such as just-in-time manufacturing, supply chain disruptions, hospital overwhelm, and market fundamentalism. Reflect on the need for change in approach and the potential tradeoffs involved in shifting focus towards resilience in various sectors.

Intro
What is COVID19
Economic crisis
Social crisis
Why were we not ready
There were warnings
Flatten the curve
Flash points
Efficiency vs Resilience
Just in Time Manufacturing
Supply chain disruption
Hospital overwhelm
What happened in Texas
What happened to Wall Street
What happened to Americans
Sex as an Algorithm
What is survival
Genetically Modified Pine
Computer Science
Sorting Algorithms
Search Engine Optimization
Friction
High Frequency Trading
Tinder
Friction Bed
CEO Software
Security
Computer Age
Economics
Efficiency
Market Fundamentalism
David Ricardo
Strategic Dilemma
Summary
Will we change
We need to change
Tradeoff