Thanks Tadas for your fascinating blog. I like how you touched on how quantum theory principles - such as 'observer effect' influence economic/finance theory. My understanding is that the 'observer effect' implies that markets are the result of perceptions (not necessarily market efficiencies) and the notion of 'reflexivity' - that is cause/effect are two-directional and thus entangled. Both greatly challenge the predictive analysis of linear regression analysis, resulting in an ever changing 'correlation du jour.'
Agreed in the importance of adapting. I'm still searching, don't readily have the answers. Yet, I wonder if where we are stuck is an ontology based on 'Dualism' - the 'either/or' effect. I'm curious to how a non-dualistic framework might help us improve on economic/finance models that Soros suggests are already influenced by this dualistic thinking of fallibility and reflexivity. What do you think?