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Doyne Farmer and Martin Reeves
Making Sense of Chaos with Doyne Farmer
Boston Consulting Group, 2024
Was ist drin?
Complex Systems Thinking could transform traditional economic models, analysis, and forecasting.
Recommendation
Traditional economic theory tends to function adequately under fairly simple scenarios. However, as complexity in a system increases, the efficacy of conventional models deteriorates. In a recent Boston Consulting Group-Henderson Institute podcast, moderator Martin Reeves interviews Doyne Farmer, a leader in complex systems who brings a new perspective to economics. According to Farmer, Complex Systems Thinking — and in particular Agent-Based Modeling — provide far more accurate forecasting and analytics. Economists, business owners, and investors interested in a rigorous examination of emerging economic reasoning will find this a robust analysis.
Summary
About the Podcast
Doyne Farmer is a complex systems scientist at the University of Oxford and the Santa Fe Institute. Martin Reeves is chair of the BCG Henderson Institute.
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