Sublime

an abatement function and a damage function. The abatement function specifies the cost of reducing emissions to a given level.

“Friday night experiments” (FNEs).

Then imagine a situation where, because of changing environmental conditions, externalizing some of these jobs to others becomes possible as long as the same functions remain available in the network.

Scientific models that seek to predict the consequences of human actions with some reasonable accuracy—such as game theoretical models of economic behavior—for the most part ignore human individuality in favor of aggregated outcomes.

non-equilibrium physics).

But because nonlinear dynamics is a prerequisite for endogenous dynamics – that is, motion from within – linearizing the equations makes it impossible for dynamics to emerge.

As the foremost spokesperson for the view that abrupt climate change will result in near-term human extinction (NTHE), he was the Dark Prince of Climate.

Before you disturb the system in any way, watch how it behaves.

real markets involve diverse traders of bounded rationality, with different agents employing different strategies.