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by DevX101
722 days ago
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There's value in studying this stuff rigorously even if you can't predict the exact future state of complex systems. Being able to model whether a system tends towards equilibrium or disequilibrium is enormously valuable. In economics, George Soros's theory of reflexivity, for example, is a rejection of efficient market hypothesis. The idea here being that price signals can lead to second order effects and market disequilibrium. In ecology/climate, it's very useful to understand what kinds of perturbations (introduction of cane toads to Australia) are more likely to break equilibrium. In fluid dynamics, we still don't really understand turbulence, but we can do useful modelling in wind tunnels without grokking the fundamental principles. As the world becomes increasingly interconnected it becomes even more important to get a rigorous understanding of this science. We might not get to the power of Harry Seldon's psychohistory anytime soon but there's useful value we can gain along the way. |
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