I’d be very interested to see someone talk about how many forces in finance are driven by superstition about superstition.. for instance, how you can have situations where nobody really believes tulips are valuable, but how disastrous things must now happen as a result of everyone believing that others believe that others believe that [...seeming ad infinitum...] tulips are valuable. Where do these beliefs come from? How can they be averted? This kind of question seems very much in this school’s domain.
There would have to be some speculation about how a working logic of self-fulfilling prophesy like FDT would wrangle those superstitions and drive them towards a sane equilibrium of optimal stipulations. I’d expect FDT to have a lot to say.
I’d be very interested to see someone talk about how many forces in finance are driven by superstition about superstition.. for instance, how you can have situations where nobody really believes tulips are valuable, but how disastrous things must now happen as a result of everyone believing that others believe that others believe that [...seeming ad infinitum...] tulips are valuable. Where do these beliefs come from? How can they be averted? This kind of question seems very much in this school’s domain.
There would have to be some speculation about how a working logic of self-fulfilling prophesy like FDT would wrangle those superstitions and drive them towards a sane equilibrium of optimal stipulations. I’d expect FDT to have a lot to say.