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fliessgleichgewicht

"An organism is not a static system closed to the outside and always containing the identical components; it is an open system in a (quasi-) steady state . . . in which material continually enters from, and leaves into, the outside environment." - Ludwig von Bertalanffy

Tuesday, March 10, 2009

"Asked to compare her work to physics, one quant, who requested anonymity because her company had not given her permission to talk to reporters, termed the market “a wild beast” that cannot be controlled, and then added: “It’s not like building a bridge. If you’re right more than half the time you’re winning the game.” There are a thousand physicists on Wall Street, she estimated, and many, she said, talk nostalgically about science. “They sold their souls to the devil,” she said, adding, “I haven’t met many quants who said they were in finance because they were in love with finance.”
Posted by Cameron Jasper at 8:28 PM
Labels: Chaos, complexity, economics, Santa Fe Institute

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I am a graduate student in Biology at SF State. I study social insects. twitter.com/CameronJasper

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