Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity
Doyne Farmer
And so under the theory of market ecology, we need to think of the market as an ecosystem with specialized actors. They feed off of the inefficiencies in the market. They are what's making the market efficient, but they never achieve perfect efficiency. We see swings around perfect efficiency, particularly when new stuff happens.
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