Real-world systems are far more complex game than typical human intuition/psychology may rationally suggest — where the sum of individual maximization/optimization might not lead to maximal/optimal outcomes for the group That's also one of the fundamental issue with traditional optimizations in complex systems !
In complex systems, many core assumptions of traditional economic theories fail.A clearer understanding emerges when economic/ financial/social real-world systems are analyzed as scientific, dynamic systems rather than relying solely on simplified logic or intuition as usually done !
Detail topic to explore! 🙏
No comments:
Post a Comment