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