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#4 – Doyne Farmer: Chaos Theory & Complexity Economics

Scaling Theory

CHAPTER

Exploring Chaos Theory and Scaling Laws

The chapter delves into chaos theory and scaling laws in complex systems, discussing the predictability challenges posed by chaos and the existence of scaling laws despite the complexities involved. The conversation extends to turbulence in weather, information cascades, and the impact of specialization on innovation, providing insights into the interplay between chaos theory, complexity economics, and scaling laws.

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