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But it can also go the other way. What economics has missed is that adding an incentive—a fine or a bonus—may be subtracting something else, the individual’s sense of responsibility, or obligation, or intrinsic pleasure.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
Blank, . Steven G. The Four Steps to the Epiphany: Successful Strategies for Products That Win. S.G. Blank, 2007.
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
basics. The economy, whether in Europe or the US, is an enormous collection of arrangements and institutions and technologies and human actions, buying and selling and investing and exploring and strategizing. It’s a huge hive of activity, where the individual behavior of agents—banks, consumers, producers, government departments—leads to aggregate
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
leverage is also central to its economics.
David H. Maister • Managing The Professional Service Firm
Plato said those who tell the stories rule society and he was right.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
The economy is not a closed static equilibrium system; it is a system perpetually open to novel behavior, and complexity economics forces us to keep this in mind.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Decision Markets for Policy Advice
The text discusses decision markets as innovative tools for improving policy decision-making by aggregating information about the expected consequences of various policy options, highlighting their advantages, challenges, and a case study on the Policy Analysis Market.
mason.gmu.eduhow to write algorithms that could change their code and get smarter as they develop. We now call this evolutionary programming.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
