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Chaos and Complexity Economics (with J. Doyne Farmer)
EconTalk
Roulette, Risk, and Randomness
7min Snip
00:00
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This chapter delves into the speaker's unique experience with a wearable digital computer designed to predict roulette outcomes during their physics studies, exploring themes of randomness and the complexities of gambling. The narrative evolves into a discussion on the application of advanced modeling in economics, contrasting the risks of gambling with the more stable opportunities found in stock market investing.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode