complex adaptive systems
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jan 8, 2018 by Michael Mauboussin · across every show →
Everything said about complex adaptive systems, oldest first
Jan 8, 2018 neutral
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.”