WILD CARDS APPLICATIONS IN FUTURES STUDIES

Futures studies is often summarized as being concerned with" three P's and a W," or possible, probable, and preferable futures, plus wildcards, which are low probability but high impact events. Wildcards study is referred to the most challenging part in futures studies, as this study is the key to look at the futures with an open mind view. Extremes would help paying attention to unknowns and Wild cards classification as the symbol of extremes also helps clarifying the events. Wild cards application in the futures studies techniques is helpful to determine the futures hidden beyond the red lines. Many Wildcards have happened in the history however Wildcards happened in the last decade were more than before and mostly negative. Surely these wild cards have made most of political and economic situation that we live, in fact wildcard events in the history have been always a …

Wildcards, Future Studies, Scenario Planning, Chaos Theory