Re: Soros and reflexivity: Human behavior is fundamentally labile. That's why it cannot be modeled with polynomial equations with fixed (let alone know) coefficients. The assumption that these coefficients exist has led to a lot of meaningless mathematics (the use of calculus especially) among modern academic economists. The baleful effect of Paul Samuelson.
Re: Soros and reflexivity: Human behavior is fundamentally labile. That's why it cannot be modeled with polynomial equations with fixed (let alone know) coefficients. The assumption that these coefficients exist has led to a lot of meaningless mathematics (the use of calculus especially) among modern academic economists. The baleful effect of Paul Samuelson.