Discussion on volatile price fluctuations as "unintended consequences" in markets

Abstract

The purpose of this research is to discuss unexpected fluctuations such as "unintended consequences" in markets. "Unintended consequences" are illustrated as phenomena based on mutual-interaction between the macro and micro level, known as macro-micro linkage. In general, macro and micro views are analyzed separately in social science. I am interested in the results of feedback loops in social phenomena. I am focusing on "emergence" especially transilient types from mutual-interaction between traders (agent) and markets (system) through actions.