Dynamic Complexity’s Role in 2007-2008 Financial Crisis
The real cause of the economic meltdown can be traced to intertwined financial domains, which generated considerable dynamic complexity that in turn made it difficult to determine the possible outcomes. There is no doubt that the subprime foreclosure rate started the domino effect, but had the degree of inter-domains dependency not pre-existed, then the effect on the market would have been much less severe.
October 17, 2015/by Nabil Abu el Ata