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The Economy and Complexity Science: Part 2
Simplifying Complexity
Developing a Stock Market on the Computer
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John Holland was able to teach computer programs to become intelligent in situations you are not well defined so the program had to make some sense out of what was going on and then repetitively figure out what moves if you like were good in that situation. So it boots strapped its way up and became smarter and smarter. In 1988 I realized about a year later that wouldn't work so when I saw John the following summer which was 1988 in the Santa Fe we went out to lunch he said but what we could do is to model a stock market on the computer using John's ideas of getting smart they would realize under what circumstances each little investorEach artificially intelligent program would realize how to recognize the situation
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