>We're all free to speculate on the consequences those different rules will have To echo what my sibling commenter said, those consequences are what the grandp

>We're all free to speculate on the consequences those different rules will have To echo what my sibling commenter said, those consequences are what the grandparent comment is referring to as the emergent market - because it's not possible to control or accurately predict the behavior of every single actor. It was a rebuttal to a statement saying we don't need to consider markets as pure forces of nature, because how we set them up can affect the outcome. I think everyone in this conversation agrees that it's both true that the design of a market affects how people act in it, as well as it being impossible to predict or control perfectly. The question is to what extent it actually is possible.