Microbes Buy Low and Sell High
Monday, January 13, 2014 - 15:30
in Mathematics & Economics
Microbes set up their own markets, comparing bids for commodities, hoarding to obtain a better price, and generally behaving in ways more commonly associated with Wall Street than the microscopic world. This has led an international team of scientists, including two from Washington University in St. Louis, to ask which, if any, market features are specific to cognitive agents.