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Aural Complex Landscape
Transferences between music, mathematics and architecture
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Backward Induction and Option Valuation

Backward Induction and Option Valuation | Aural Complex Landscape | Scoop.it

Today we are going to explore how to value options. By "options", I mean situations in which you have the right, but not the obligation, to take an action. Having a right without an obligation is a bit like a free lunch: it is inherently valuable, and our goal is to quantify this.

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The Radioactive Orchestra

The Radioactive Orchestra | Aural Complex Landscape | Scoop.it
Welcome to The Radioactive Orchestra. It consists of 3175 radioactive isotopes. Listen in or create your own nuclear tunes.
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Emergence, What Is It? | A Science of Cities

Emergence, What Is It? | A Science of Cities | Aural Complex Landscape | Scoop.it

A complex system is often defined as ‘emergent’ when some process generates unexpected, surprising and ordered outcomes. The classic exemplar is segregation in Schelling’s model.

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