Sublime

So, optimizing utility changes over many parallel worlds actually also optimizes wealth itself over time. That’s sort of the message.

Se não podemos confiar que as forças de mercado da oferta e da demanda fixarão ótimos preços de mercado, e não podemos contar que mecanismos do livre mercado ajudem a maximizar nossa utilidade, talvez tenhamos que buscar outra solução.

o IPCA cobre um universo de famílias com rendimentos de 1 a 40 salários-mínimos,

One of the things that we found very interesting was, once you have interest rate at zero, a cash flow in the future becomes as important as a cash flow you have visibility on.

To see how complexity economics works, think of the agents in the economy—consumers, firms, banks, investors—as buying and selling, producing, strategizing, and forecasting. From all this behavior markets form, prices form, trading patterns form: aggregate patterns form. Complexity economics asks how individual behaviors in a situation might react

busca incorporar à dimensão econômica outros aspectos da vida humana.

In complexity economics, agents differ and in general lack full knowledge of each other and of the situation they are in. Fundamental uncertainty is therefore the norm; ill-defined problems are the norm; and rationality is not necessarily well defined. Agents explore and learn and adapt and open to novel behavior. Outcomes may not be in equilibrium

scaffolding.