Monday, November 5, 2007

On the Optimality of Coarse Behavior Rules

Many people ask about the source for my cockroach analogy, which I go through on page 232ff in A Demon of Our Own Design. The source for this analogy is my paper with Joe Langsam in the Journal of Theoretical Biology. So I am linking to that paper here.

The argument in the paper is pretty readable if you read past the citations and the math, and it is relevant to how we construct financial markets and manage risk in those markets.

1 comment:

  1. Dear Dr. Bookstaber,
    Thanks for supplying the link to the paper 'On the Optimality of Coarse Behavior Rules', for which I'd started to find eagerly (but failed to get one in the last couples of days) after reading through the very reliable Taiwanese translation of A Demon of Our Own Design (