2min chapter

Simplifying Complexity cover image

The Economy and Complexity Science: Part 2

Simplifying Complexity

CHAPTER

Is There a Model Out There?

The rate of learning had a big impact on how close you were to the classical model. If our little investors were slow at learning if the system didn't learn fast enough then nothing much would happen. But if we dialed up and we could do this easily on the computer the rate at which agents might explore new ideas and invest in those new ideas and learn from those new ideas we dialed that up with one little dial suddenly all this behavior would emerge, Brian says. "For me I think I got one of the many or several thrills of my life," he adds.

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