Chaos Theory and Understanding Global Climate Change
Here’s an article from Forbes.com written by my colleague Tom Konrad on Chaos Theory as it applies to the analysis of both the stock market and climate change. This subject has been at the core of Tom’s life’s work, starting with the dissertation he wrote for his Ph.D. in mathematics “a few” years ago. To put it concisely, the whole thing comes down to something that’s come up on several of our conversations: “Knowing the limits of our ability to predict is much more important than the predictions themselves, a lesson I apply to both climate science and the financial markets.” (more…)