"I discovered Karl Popper via [a] trader, perhaps the only one I have ever truly respected. ...I disagreed with his statements when it came to economics and philosophy... [H]is first book, The Alchemy of Finance... does not show much grasp of the concepts. ...One cannot infer much from a single experiment in a random environment... [H]e writes that the category... "economists" believe that things converge to equilibrium... There are plenty of economic theories that believe that departure from a price level can cause further divergence and cause cascading feedback loops. ...say, game theory (...Harsanyi and Nash) or information economics (...Stiglitz, Akerhof, and Spence)."
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Activists from the United StatesPolitical activistsSocial activistsPeople from BudapestAcademics from Hungary
Original Language: English
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Sources
Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (2001) Seven: The Problem of Induction | Sir Karl's Promoting Agent
https://en.wikiquote.org/wiki/George_Soros
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George Soros
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