
Jim Rickards | Can Complexity Science, Bayesian Inference Theory, and History Help Predict the Next Financial Crisis?
Hidden Forces
00:00
The Debate Between a Degree Distribution and a Bell Curve
Theorist would say, tell me the scale of the system. Ah, and i will tell you that the worst that could happen is an expedential function of scale. When dmitr, you look at the time series of price, give me what's more empiric, than empirical, than sa k. Tell me how prices move. Graft it out. No, what is the shape of that curve? What's called a degree distribution? Well, i'm sorry, it's not a belker. It just isn't. Thiso everything about risk management, everything about banking regulation, everything about trading, is based on a false premise. The curves are just representations of
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