Some of the broader implications are explained better in the comments. The incident illustrates how markets work and how they don't work when some participants can control the outcome. In this case the participant that controlled the outcome was a "good guy." Obviously that's not always the situation, as when a market is cornered. It's also worth noting that market participants act in opposite ways depending on whether or not they are large enough to control the market. Very interesting issues about market -- and by implication about environments.
-- Russ On Mon, Jun 22, 2009 at 7:17 AM, John Kennison <[email protected]> wrote: > > > Yes, that's a terrific story. I liked the phrase "hard-earned TARP money" > ________________________________________ > From: [email protected] [[email protected]] On Behalf Of > Russ Abbott [[email protected]] > Sent: Sunday, June 21, 2009 9:55 PM > To: The Friday Morning Applied Complexity Coffee Group > Subject: [FRIAM] A great story about forgetting what's real > > I just came across this amusing story that illustrates what can happen when > one takes a metaphor for reality. > > -- Russ >
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org
