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The subprime crisis: a human complex system phenomenon
I’ll be speaking at UCLA on Saturday March 8th, 2008 at the
Human Complex Systems – UCLA Four Campus Complexity Conference,
UCLA Haines Hall 352. The conference starts at 9 AM, my own talk is at 2:30 PM.If it looks like proposing an entirely new paradigm for financial studies, that’s because that’s…
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The long-term goals of businesses
Businesses don’t seem to have any long–term goals apart from staying in business. They no doubt provide benefits to their shareholders and executives during their lifetime but why they aim at persisting in their existence with little reflection devoted to the “why?” of it is far from obvious. There is a clear analogy here with…
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Human Complex Systems
My French blog was started on February 28th, my English blog, a few days later, on March 3rd, both of this year. By mid-July, the French blog had an average readership of 40 per day, among whom about 20 new readers; by now, 4 months later, the average readership is 160 (over the past 30…
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Stock prices and the shape of randomness
I remember an illustration in an article by Heinz von Foerster in the 1960s. In the first picture, a set of tiny cubes were represented, piled up in a random manner. The reader was told that these were steel cubes magnetized on one of their sides. The second picture showed what had happened after the…