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2015年那波股市的大规模转移数据，底部85%投资者损失掉2500亿。
来源：《Wealth Redistribution in Bubbles and Crashes》 https://t.co/ComG8inHpM
In these networks, events can trigger events and failures can cascade and cause disaster. Banks in distress can infect other banks. If I’m a bank and I’m in trouble and fail, then I pass on distress to my creditor banks, who may pass on distress to their creditor banks. Stress can cascade through a system like this.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Power and Plenty: Trade, War, and the World Economy in the Second Millennium (The Princeton Economic History of the Western World Book 30)
amazon.com
Individual behavior leads to aggregate outcomes, and aggregate outcomes—the aggregate patterns in the economy—cause this individual behavior to adapt and change.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Imposing negative interest rates is strip-mining the capital stock.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
More Than You Ever Wanted To Know About Volatility Swaps
Explores volatility and variance swaps, their properties, uses for trading and hedging volatility exposure, and methods for replication and valuation using options, while addressing practical challenges and implications of volatility skews.
emanuelderman.com
Bitcoin Treasury Company Thesis 2025
Bitcoin treasury companies represent the greatest wealth transfer in human history.
"Why buy Bitcoin companies instead of Bitcoin?"
Here you have that answer.
Bitcoin is moving from the digital... See more
Adam Livingstonx.com