Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity
Doyne Farmer
We then calculate the economic consequences of the decisions. That generates new information. In addition, new information may flow in from the outside. And then we repeat the process. And we just go around and around that loop. We may arrive at an equilibrium where supply equals demand or agents decisions get locked in.
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