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Caos theory – The daily blog of behavioral and cognitive economics

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Caos theory – The daily blog of behavioral and cognitive economics

The forces of chance

The social world doesn’t work how we pretend it does. Too often, we are led to believe it is a structured, ordered system defined by clear rules and patterns. The economy, apparently, runs on supply-and-demand curves. Politics is a science. Even human beliefs can be charted, plotted, graphed. And using the right regression we can tame even the most baffling elements of the human condition. Within this dominant, hubristic paradigm of social science, our world is treated as one that can be understood, controlled and bent to our whims. It can’t. ….[READ]

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