Acquisition Talk cover image

Programmed to Fail - 7. Complexity

Acquisition Talk

00:00

The Role of Feedback Loops in Complex Systems

For inductive systems, the observer is part of the system, rather than distinct from it. The importance of feedback loops was recognized by Norbert Weiner and W. Ross Ashby in the study of cybernetics. Backwards causation is most apparent in markets where future expectations become embedded in today's price. Numerous feedback loops between decentralized parts help complex adaptive systems build resilience to environmental perturbations.

Play episode from 59:06
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app