Complex Adaptive Systems
topic on 2 shows · 2 statements across 2 episodes
the Knowledge Project
Capital Allocators
2 statements about Complex Adaptive Systems, every show
Mauboussin: Complex Adaptive Systems Explain Both Market Efficiency And Episodic Crashes
“I think that the market as complex adaptive systems both explains why markets tend to be efficient. This is, you know, the wisdom of crowds concepts. But also explains why markets episodically go haywire, which they clearly do.”