Tuesday, July 3, 2012
Equifinality
Equifinality is the principle that in open systems a given end state can be reached by many potential means. The term is due to Ludwig von Bertalanffy, the founder of General Systems Theory. He prefers this term, in contrast to "goal", in describing complex systems' similar or convergent behavior. It emphasizes that the same end state may be achieved via many different paths or trajectories. In closed systems, a direct cause-and-effect relationship exists between the initial condition and the final state of the system: When a computer's 'on' switch is pushed, the system powers up. Open systems (such as biological and social systems), however, operate quite differently. The idea of equifinality suggests that similar results may be achieved with different initial conditions and in many different ways. This phenomenon has also been referred to as isotelesis[2] (Greek: ἴσος /isos/ "equal", τέλεσις /telesis/ "the intelligent direction of effort toward the achievement of an end.") when in games involving superrationality
In economics and business, a network effect (also called network externality or demand-side economies of scale) is the effect that one user of a good or service has on the value of that product to other people. When network effect is present, the value of a product or service is dependent on the number of others using it
