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38. Evolution, Complexity, and the Remaking of Economics

Mutiny Investing Podcast

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Those Feedback Loops and Dynamic Systems, Right?

Wood: The way i always thought about it in especially when you hadd like those feedback loops and time delays, tef themback loops. Homeostatic is your just a little bit of oscillations around the medium would be like a thermistat right? You actually might be, ah, 70 or 74, and then it just goes right back. And so ah, you know, that's what you see with these feedback loops and dynamic systems,. Like like an economy, as you have these big bandsthit are caled alistatic bands, basically. Wood: But it's interesting, then, why do we even talk about averages then?

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