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38. Evolution, Complexity, and the Remaking of Economics

Mutiny Investing Podcast

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How Do We Decide?

The classic example that gets used by complexy economist is the alferol bar problem. It's a bar in santafe, new mexico. People only want to go if there are less than 60 other people there. And so youn with this like complex a moly bints, you get something that looks kind of as ou like alistatic bands,. But there's nok, real discernible pattern, rights? Is nott doesn't reach some equilibrium point at 60. it's like oscillating around this equilibrium in a way that looks yulikeo 59 61, 52 78 now, up and down, kind of, et cetera.

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