Why we WANT the Market to Boom and Bust

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By on 11 December 2011 under Adaptation, Complexity Science, Economics, Opinion | Be the First to Comment

You always hear people complaining about a the fact that a Free-Market has boom and bust cycles, and how that is a bad thing. The reality is that you really do want the market to boom and bust, whether you know it or not.

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What is Complexity?

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By on under Complexity Basics, Complexity Science | Be the First to Comment

Complexity Science is a relatively new approach to understanding the systems in our lives. Complex systems and complexity science deal with systems that cannot be predicted (such as the movement of the planets) or simplified down to a probability (such as flipping a coin or describing the behavior of gas molecules in a room). Simply [...]

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A Complexity Science View of Marketing

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By on 22 March 2011 under Complexity Science | Be the First to Comment

The marketing world has changed.  Previously we tended to assume a
direct consequence of a marketing initiative on a consumer (hell, even
proved it qualitatively and quantitatively), and the trick was to
scale this as widely as we could.  One consumer sees an ad we know
they like, buys a product, therefore let’s get as many consumers to
see the ad.

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Complex vs Complicated

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By on 29 December 2010 under Complexity Basics, Complexity Science | 3 Comments to Read

In the realm of Complexity Science, many people talk about how things are “Complex” but they aren’t “Complicated”. The problem is that the two terms can be hard to distinguish.

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Selfishness and Cooperation

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By on 10 December 2010 under Complexity Science, Economics | 3 Comments to Read

Experiments with evolution of neural network show interesting behavior: If a system of people tends to selfishness or cooperation depends on the incentives for cooperation.

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Complexity Emerges From Simple Rules – Demonstration by Cymatics

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By on 13 November 2010 under Complexity Science, Visualizations | Be the First to Comment

Behind anything that is truly complex there are simple rule sets.  This video includes demonstrations of cymatics, which is the visualization of sound waves.

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How complexity leads to simplicity

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By on 12 November 2010 under Complexity Basics, Complexity Science, Visualizations | Be the First to Comment

This video is a good overview of the concept of complexity. This is a video from www.ted.com.

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The Role of Prices, Part 1

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By on under The Role of Prices | 3 Comments to Read

In today’s global economy, we can’t begin to count how many transactions between buyers and sellers happen each day. But who decides the individual costs of all of these goods and services? Why do those costs change over time? Why are some things so ridiculously expensive? In a free-market economy, prices are so much more than the amount of money we pay when we buy something.




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The Role of Prices, Prelude

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By on under Economics, The Role of Prices | Read the First Comment

In order to better illustrate the topics discussed here, I would like to introduce an imaginary place called Complex County. This county has a free-market economy. There are many towns in this county, three of which are Appletown, Woodville, and Workerland:

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Iterating Determinate Functions

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By on 12 September 2010 under Complexity Basics, Complexity Science, Visualizations | Be the First to Comment

If you take a purely determinate function and iterate it over time difficult-to-predict behavior can emerge.  If  you only use the same function, then the outcome is easily determined and therefore not complex.  But if you use more than one determinate function or a set of rules with simple determinate functions then difficult-to-predict behavior may emerge.

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