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The futures wheel is a method for graphical visualisation of direct and indirect future consequences of a particular change or development. It was invented by Jerome C. Glenn in 1971, when he was a student at the Antioch Graduate School of Education (now Antioch University New England ).
In 1972 Glenn invented the Futures Wheel, a new method of brainstorming about the future, and in 1973 he coined the term "futuring." [ 2 ] He was a Peace Corps Volunteer 1968 to 1970 focused on how tropical medicine and management can be used to combat leprosy ; his efforts led Saturday Review to label Glenn as one of America's most gifted ...
Futures techniques used in the multi-disciplinary field of futurology by futurists in Americas and Australasia, and futurology by futurologists in EU, include a diverse range of forecasting methods, including anticipatory thinking, backcasting, simulation, and visioning.
While futures and forward contracts are both contracts to deliver an asset on a future date at a prearranged price, they are different in two main respects: Futures are exchange-traded, while forwards are traded over-the-counter. Thus futures are standardized and face an exchange, while forwards are customized and face a non-exchange counterparty.
Three Horizons (or 3H) is a framework and method for futures studies and practice, created by Anthony Hodgson, Andrew Curry, Graham Leicester, Bill Sharpe, Andrew Lyon and Ioan Fazey. [1] It presents a picture of change in a given system as an interplay of three horizons. [ 1 ]
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A future workshop is particularly suitable for participants who have little experience with processes of creative decision making, for example children or youth. However it is a useful method for any kind of complex problem that requires many stakeholders' involvement.
Futurology (colloquially called "futures" by many of the field's practitioners) seeks to understand what is likely to continue and what could plausibly change. Part of the discipline thus seeks a systematic and pattern-based understanding of past and present, and to determine the likelihood of future events and trends.