#50 – Doyne Farmer on Complexity and Predicting Technological Progress
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Is There a Domino Effect?
In ecoven model, the amplifyg effect was the interaction of of the shocks with each other. If one industry shuts down and it's supplying goods for another industry, then that industry can get shut down. You've got 56 industries are like 56 dominoes, except they're ranged in a way. So there's some amplification there and some form of systemic risk. Ironically, it's precisely the measures that are taken to mitigate risk that cause the crash to happen.
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