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11min chapter
Chaos and Complexity Economics (with J. Doyne Farmer)
EconTalk
Forecasting Evolution: Weather and Economics
This chapter examines the historical development of weather forecasting, contrasting intuitive early methods with modern computational techniques. It also explores the complexities of economic predictions, drawing parallels with meteorological advancements and highlighting the unpredictability inherent in human behavior and macroeconomic events.
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