You can model just about anything on a computer, from amebic life to
urban life. Why should bubbles be any different? Why do you need a
computer to tell you that private "rationality" can yield public
irrationality? Does the modeling enlighten more than plain English prose,
or does it just len
On hyperinflation, if you look at the modeling that John Holland is doing on
speculative bubbles in the stock market in complexity theory, you get an
intriguing start on looking at hyperinflation in a new way. Complexity
theorists are currently working on models that show how assumptions of
rat
Questions on two unrelated topics.
1) The IMF has been circulating the assertion that the yield curve is a
good predictor of GDP growth in the G-7 countries. This expands on
earlier work showing the same for the US (references available on
request). The formal assertion is an article by Zuliu
