
Can We Predict The Unpredictable? with J. Doyne Farmer
Big Brains
Predicting Chaos: From Roulette to Economies
This chapter explores a groundbreaking project aimed at predicting roulette outcomes using physics and complex systems science. It discusses the development of agent-based modeling as a more effective approach to understanding economic interactions and decision-making, contrasting it with traditional economic theories. The chapter showcases the successful application of these models to predict market behaviors and the economic impact of events like the COVID-19 pandemic.
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