Economic Fitness Landscape
Channel: Systems Innovation
Date: 13/11/2015

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In this video we will be looking through the lens of complex adaptive systems theory in order to try and interpret the macro dynamics within an economic system, we will firstly introduce you to the idea of a complex adaptive system before going on to build up a model to their dynamics through what is called a fitness landscape, a three dimensional state space for representing the whole system’s macro topology, we will talk about how this topology changes depending on the complexity of the environment and some of the strategies that agents use within these different environments.

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