Tuesday, December 16, 2008

Chaos Theory and Economy

A wild black swan Cygnus atratus .Image via WikipediaNassim Nicholas Tayeb, author of "The Black Swan: The Impact of Highly Imoprobable" and Benoit Dr. Benoit Mendelbrot pioneer of Chaos theory and fractals, discuss the state of economy. Both thinks that current economic situation is worse then the other known cases of Economic depression.



The Chaos modeling is providing insights in complex system behavior not to our liking all the time.
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