From: John Conover <john@email.johncon.com>
Subject: Re: Price, value and the creation of wealth
Date: 2 Jun 1999 18:37:28 -0000
Jim Blair writes:
>
> In physics, the Heisenburg uncertainty principle has a similar role: You must
> measure to know, but the measurment changes the system. It is an important issue
> only for small systems.
>
Hi Jim.
Or, very complex ones.
For example, where recursion makes the system self-referential,
(self-referentiality is the issue involved in the Heisenberg
uncertainty principle.)
For example, the iterated prisoner's dilemma-where to decide what to
do, I must speculate on what my opponent is going to do, who is
speculating on what I'm going to do. So, ultimately, what I am going
to do depends on what I am going to do.
Not surprisingly, such indeterminism leads to fractal characteristics
as the game is iterated.
John
--
John Conover, john@email.johncon.com, http://www.johncon.com/