Evolutionary economic models reveal hidden risks of information loss in society.
Evolutionary economics looks at how economies evolve over time, similar to how species change in biology. This study explores how information is lost during this process and how it can impact the economy. It raises questions about what knowledge is lost, when it happens, and if it can harm the economy, especially when things spiral out of control due to factors like network effects. The researchers delve into how economic systems develop knowledge and aim to shed light on these important issues.