A great story about forgetting what's real

[Russ Abbott]

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

[John Kennison]

Yes, that's a terrific story. I liked the phrase "hard-earned TARP money"
________________________________________
From: [hidden email] [[hidden email]] On Behalf Of Russ Abbott [[hidden email]]
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

[Russ Abbott]

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 <[hidden email]> wrote:

Yes, that's a terrific story. I liked the phrase "hard-earned TARP money"
________________________________________
From: [hidden email] [[hidden email]] On Behalf Of Russ Abbott [[hidden email]]
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