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Third, we are fearful creatures and go to great lengths to preserve a sense of certainty, even when we know it to be false.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
the Collective Intelligence Project (CIP), Anthropic's recently released Claude3 model, considered by many to be the current state-of-the-art in GFMs, sourced the constitution used to steer model behavior using Polis.
Audrey Tang • ⿻ 數位 Plurality: The Future of Collaborative Technology and Democracy
Prices arise from the countless acts of many individuals attempting to trade in various goods. They are an emergent phenomenon.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
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
In the aftermath of any terrorist act, our instinct is to try to make sense of the brutality by assigning a person’s or a group’s violent radicalization to one or two probable causes: religious extremism and economic disparity, for example.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
Money emerges from uncertainty, capital emerges from money, and uncertainty emerges from capital.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
But, second, as general population grows closer to the carrying capacity, surplus production gradually declines. The combination of these two trends results in an accelerating fall of average elite incomes.