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The thing about complex systems is that you typically can't just say A causes B, which is what most people want. There is certainly a causal relationship, but i
by lend000 6y ago
The thing about complex systems is that you typically can't just say A causes B, which is what most people want. There is certainly a causal relationship, but it's a chain of events uncountably long, so it's best understood in terms of A improves prices and improved prices result in better resource allocation, as I tried to explain.
If you truly want to put in the work to understand how markets work, I'd recommend running a simple forex arbitrage bot with a trivial amount of money (there are plenty of open source options that are straightforward to set up and won't make or lose you much money) to see hands on. Also, check out Matt Levine's newsletters.