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Market - Risk Article: Difference between revisions
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*'''It’s a zero to negative sum game''': there is some loss of thermal energy or increase in entropy. <br> | *'''It’s a zero to negative sum game''': there is some loss of thermal energy or increase in entropy. <br> | ||
*'''It is not iterative''': a dead man has no memory. Eaten prey are not in a position to learn or remember; conversely predators don’t care about their reputation. <br> | *'''It is not iterative''': a dead man has no memory. Eaten prey are not in a position to learn or remember; conversely predators don’t care about their reputation. <br> | ||
*'''It’s [[ | *'''It’s a [[normal distribution]]''': Since there’s no memory, there is no interdependence between hunting trips. <br> | ||
====In the {{risk|market}}==== | ====In the {{risk|market}}==== | ||
*'''Competition''': The commercial competition for resources is a fight between sellers to find a buyer (and vice versa). The winner gets to ''transact''. | *'''Competition''': The commercial competition for resources is a fight between sellers to find a buyer (and vice versa). The winner gets to ''transact''. | ||
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*'''It is a zero to positive sum game''': It is only negative if one or other has traded in error. <br> | *'''It is a zero to positive sum game''': It is only negative if one or other has traded in error. <br> | ||
*'''It is iterative'''. Each party remembers its treatment at the hands of the other, and can learn from and communicate its experience. | *'''It is iterative'''. Each party remembers its treatment at the hands of the other, and can learn from and communicate its experience. | ||
*'''It is not | *'''It is not a [[normal distribution]]''': Transactions act as {{risk|market}} signals. If everyone sells, so do I. Transactions influence each other. The statistical analyses are not [[normal distribution|normal]]. <br> | ||
{{ref}} | {{ref}} | ||