"If the conditions are just right, amazing things happen when many individual pieces come together: water molecules organize and form snowflakes, jet streams combine and cause tornadoes, cells arrange and create organs, investors panic sell and induce financial crashes. Complex systems are composed of many interacting parts, and emergence occurs when these parts organize to create collective phenomena that no one part can create alone. Complex systems can be found in nearly every discipline, and the mathematics describing ...
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"If the conditions are just right, amazing things happen when many individual pieces come together: water molecules organize and form snowflakes, jet streams combine and cause tornadoes, cells arrange and create organs, investors panic sell and induce financial crashes. Complex systems are composed of many interacting parts, and emergence occurs when these parts organize to create collective phenomena that no one part can create alone. Complex systems can be found in nearly every discipline, and the mathematics describing emergent properties is not only fascinating but indicates fundamental similarities between seemingly unrelated complex systems. Many physicists develop an interest in finance because physical systems and financial systems can be analyzed with similar theoretical, statistical, and computational tools. It was my interest in those mathematical connections that drew me to finance. However, after placing my first trade at the start of the 2020 crash, I quickly learned the importance of financial intuition, particularly when trading options."--
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