The flaw in models is that they're used to reinforce our belief in determinism. Believing determinism is what keeps us from learning the right questions to ask about things that behave out of control. One of the very first things you find out if you actually take an interest in them is that the 'cause' for most self-animating processes is 99% opportunity and that development is what you watch to see where the opportunity is and is not being found. That it, once you're curious about it.
Taking growth till all the independent parts of the system collide with each other, has many highly predictable consequences that you can see coming a long way off. Phil From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of [EMAIL PROTECTED] Sent: Tuesday, September 30, 2008 3:50 PM To: [email protected] Subject: Re: [FRIAM] Economic Disequilibrium or How Complexity Science nearly killed America PS did anyone answer Pete's question as to the identity of the creators of the financial market complexity models? Paul ************** Looking for simple solutions to your real-life financial challenges? Check out WalletPop for the latest news and information, tips and calculators. (http://www.walletpop.com/?NCID=emlcntuswall00000001)
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