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The other primary difference between economics and the weather is that particular individuals, as well groups of people, have the ability to affect the system b
by mattmcknight 18y ago
The other primary difference between economics and the weather is that particular individuals, as well groups of people, have the ability to affect the system based on our knowledge of it.
What would it mean for the price of oil to be managed perfectly? No information arbitrage opportunities?
- randallsquared 18y agoI'm not sure how you could even measure "perfectly", since the market is the measurement device. :)