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Simply Complexity: A Clear Guide to Complexity Theory
Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
W. Brian Arthur, Eric D. Beinhocker,
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Events with one bank can trigger events in other banks in the network, and so systemic risk—overall risk to the system as a whole—is not the summation of independent events, but it is reflected in domino-style avalanches of various sizes and duration.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Indeed, except for the very simplest physical systems, virtually everything and everybody in the world is caught up in a vast, nonlinear web of incentives and constraints and connections. The slightest change in one place causes tremors everywhere else. We can't help but disturb the universe, as T.S. Eliot almost said. The whole is almost always eq... See more
Mitchell Waldrop • Complexity: The Emerging Science at the Edge of Order and Chaos
