Business Models vs Math Models

BModels versus Math Models

BModels

Ben Thompson
Alex Danco

Math Models

• Physics, and all Math-based Sciences

• Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster Emmanuel Derman

• Networks Hat - Concept and Mind maps private

Similarities

• components and interactions

As in physics, objects are not important, but processes/laws of motion/models are important and universal. Always not obvious.

Differences

• BMs are qualitative, while MMs are quantitative

more uncertainty in BMs, so being qualitative is sufficient