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

783.649 - 808.733 Doyne Farmer

The agents use their rules to make decisions, which might be learning algorithms or they might just be simple heuristics like buy undervalued assets or imitate the best. Look around and see who's doing the best. Imitate them. Or it might be trial and error. Try something. If it works, keep doing it. Doesn't work, try something else. Simple stuff. And so they make their decisions.