[FoRK] "Common" delusions? was re: How Complex Systems Fail

Eugen Leitl eugen at leitl.org
Tue Nov 10 07:47:48 PST 2009


On Sat, Nov 07, 2009 at 09:20:15PM -0800, Ken Ganshirt @ Yahoo wrote:
> --- On Sat, 11/7/09, Jeff Bone <jbone at place.org> wrote:
> 
> > 
> > Here's your homework:  consider why special relativity
> > *proves* that, in the limit, efficient markets (in the EMH
> > sense) aren't possible.  Then consider whether this

Easy; for the same reason fitness is never global, since
relative to context (being mostly other critters).

Markets are just a special case of an ecosystem.

> > means that various EMH variants are therefore without useful
> > application...

-- 
Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
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