Scott E. Page

Random Walk Model

Random Walks
Model Thinking Scot E page

Random Walks and Wall Street

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Collective is irrational !

Condorcet Paradox = Agregation of preferences.

Each person is rational. But Collective not. Collective is irrational. At the macro level there is a logic inconsistency. That’s why social world is very different of the parts that comprise it.

Preference Aggregation-Model Thinking-Scott E. Page

Suntem rasiști? / Are we racists?

Model thinking, presented by Scott E. Page

Micromotives != Macrobehavior On micro-level we are tolerant, but on macro level we are seggregating in same place who are similar to us.

Model thinking

Red – Caucasian, Blue – Afro-american
Green – Asian

Schelling’s Segregation Model,

Peer Effects