293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

3235.179 - 3261.048 Doyne Farmer

So they arrive at a completely different conclusion, both using competition. Now, it's in part because economists start with rationality, they assume we're all really smart, so we figure everything out, and that gets us to this equilibrium quickly. Whereas in biology, you know, there is random variation that's being amplified as a result of the competition and actually causes species to diverge.