6min chapter

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas cover image

293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

CHAPTER

Revolutionizing Economic Understanding Through Complexity Science

This chapter highlights a pioneer in chaos theory and complexity economics, tracing their journey from a groundbreaking gambling strategy in Las Vegas to impactful innovations in financial markets. It sets the stage for a discussion on how complex systems science offers superior insights into economic dynamics compared to conventional models.

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