Friday, April 8, 2011

lesson

use of analogy here never got to the clear one to one map
 between the two formal models elements
that is until the analogy  fell apart
because a market system is not analogous to a classical thermo dynamic ideal gas system
its more like granular systems that are indeed path dependent hysterisus ridden etc etc

the intent is clear  the researchers wanted certain propertties found in the classical gas to hold in a real free market system

because it made that free market system

Bof APS