Prof. Amir M. Sharif in Complexity in Finance discussion asked:
What does complexity mean for you?
When we talk of complex systems we normally mean systems or interacting components that have an impact and relationship between each other – and generally exhibit non-linear, unpredictable, sometimes volatile, ever-changing and emergent behaviour.
But thats the textbook – what are your views?
To me, a better way to view complexity is describing what we see in the real world, the physical subjects that are what scientists try to imitate with their models. In nature and in the economy complexity is quite often observed as a property of the unexplainable organization of systems of nature that work by themselves. Continue reading What does complexity mean for you?