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dimitar
on Dec 7, 2011
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Mandelbrot Beats Economics in Fathoming Markets
Negative feedback in markets often brings stability to a dynamical system and there is reason that there are negative feedback loops in markets.
A popular model of a negative feedback relationship in markets is called the 'Demand curve'.
fanf2
on Dec 7, 2011
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There is also positive feedback in markets due to irrational exuberance and herd behaviour.
JonnieCache
on Dec 7, 2011
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Can this still be said when we're considering the economy of a whole country, or the whole world?
jacques_chester
on Dec 7, 2011
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Both. Trade exists across invisible lines, even when the owners of the invisible lines forcibly try to prevent them.
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A popular model of a negative feedback relationship in markets is called the 'Demand curve'.