Uncovering the dynamics of bubbles - FT

Something for the boffins

This may be in tomorrow’s FT, I didn’t notice it today.

[*Uncovering the dynamics of bubbles * (https://www.ft.com/cms/s/0/9f1dc3ee-963f-11dc-b7ec-0000779fd2ac.html)

The ‘N-body problem’ could perhaps be restated as the ‘N-Paddy problem’.

There’s a good book called “Complexity Economics” on this subject. Martin Fowler, columnist from the FT, called it his book of the year, 2006. I’m active in the field (with a computer science bias), and these ideas have been around for a long time.
It’s only recently that simulations have been gaining more acceptance as a modelling technique for financial systems, hence the interest in complex systems. People like Soros who recognized properties of bubbles early in their lifecycle have made money using crude models, so others want in.