Unshackling themselves from the classical teachings, the Santa Fe group was able to point out four distinct features they observed about the economy. 1. Dispersed interaction: What happens in the economy is determined by the interactions of a great number of individual agents all acting in parallel. The action of any one individual agent depends on the anticipated actions of a limited number of agents as well as on the system they cocreate. 2. No global controller: Although there are laws and institutions, there is no one global entity that controls the economy. Rather, the
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