Complexity Economics Rising
A new wave of complexity economics is emerging, challenging mainstream models with impressive predictive capabilities. Notably, a model accurately forecasted a significant GDP decline during the COVID crisis, showcasing the potential of these innovative approaches. As the field grows and scales, the competition between complexity and traditional economics is set to intensify, promising exciting developments in economic forecasting.In this clip
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EconTalk
Chaos and Complexity Economics (with J. Doyne Farmer)
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