Abstract 

In this lecture  I will review some recent studies on the beneficial use of randomness in many real situations beyond physics.  In particular,  by adopting  random strategies, I will show how  it is possible to face successfully the problems of  the Peter principle in hierarchical organizations, to have a more efficient and democratic Parliament, to tame  the wild fluctuations  of  financial markets,  to counterbalance the unpredictable role of luck and  foster  innovation. 

Bibliography

  1. The Peter principle revisited: a computational study , A. Pluchino, A. Rapisarda, C. Garofalo, Physica A 389 (2010) 467
  2. Efficient promotion strategies in hierarchical organizations, A. Pluchino, A. Rapisarda, C. Garofalo, Physica A 390 (2011) 3496
  3. Accidental politicians: how randomly selected legislators can improve Parliament efficiency, A. Pluchino, C. Garofalo, A. Rapisarda, S. Spagano, M. Caserta, Physica A 390 (2011) 3944.
  4. Reducing financial avalanches by random investments, A.E. Biondo, A. Pluchino, A. Rapisarda, D. Helbing, Phys Rev. E 88 (2013) 062814
  5. "Micro and Macro Benefits of Random Investments in Financial Markets", A.E. Biondo, A. Pluchino,  A. Rapisarda, Contemporary Physics 55 (2014) 318 
  6. Talent vs Luck: the role of randomness in success and failure, A. Pluchino, A.E. Biondo, A. Rapisarda, Advances in Complex Systems 21 (2018) 1850014