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

935.314 - 968.015 Doyne Farmer

And so you're not steering wildly. Now, in the book, I show several examples where behavioral errors, bounded rationality, making mistakes we should expect people should make, lead to endogenous dynamics. And, you know, the analogy I make is that the economy is more like a drunk driver on a mountain road, you know, swerving and not quite always doing what he or she is supposed to do.