The World We Knew (Over and Over)

Daniel Tudball

doi:10.54946/wilm.12164

August 12, 2025Wilmott

The World We Knew (Over and Over)

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Key Points

MAIN FINDING: Markets exhibit 'rationally turbulent expectations' which force continuous adjustments in behavior.
KEY EVIDENCE: This state leads to erratic market actions that resemble learning machines adapting over time.
APPROACH: The examination focuses on backward-looking navigation influencing market dynamics and decision-making.
SIGNIFICANCE: Understanding this phenomenon can enhance predictions of market behavior and improve economic models.

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Implication

This analysis reveals how navigation impacts markets' course corrections, suggesting dynamic behavior in economics.

Abstract

This backward-looking navigation creates what Osband terms "rationally turbulent expectations" � a state where markets behave like rational learning machines forced to make constant course corrections.

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Daniel Tudball (2025) studied this question.

synapsesocial.com/papers/689e03e9d61984b91e13d163 https://doi.org/10.54946/wilm.12164

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The World We Knew (Over and Over)

Key Points

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Implication

Abstract

Discussion

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The World We Knew (Over and Over)

Key Points

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Implication

Abstract

Discussion

Cite This Study

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