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The Economy and Complexity Science: Part 2
Simplifying Complexity
The Santa Fe Stock Market
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Some days it'd be really calm and then some days it'd go a bit nuts. I realized that you'd expect that sort of behavior because of some of our little agents got lucky discovered a better way to forecast they would go into the market more heavily knowing that was a better predictor. That operation would cause other artificial investors to have to change what they were doing so we'd get avalanches of change rippling through the system.
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