Feedback loops

Feeds on its own

Feedback loops at the systemic level can be positive or negative. The system is likely to continually adjust to the loop, but may reach a critical state — a tipping point — and then fundamentally change (consider the metaphor of a spring stretched to deformity). To prevent this, see Margin of Safety.

With respect to human behavior, experiential learning causes a feedback loop. It is unlikely therefore that history will exactly repeat itself as participants will have modified their prior behavior. Though the emotions of fear and greed will not have changed.

“The history does not repeat itself but it rhymes”
Mark Twain

“Homeostatic Functions: One of the common features that all life possesses is a mechanism for maintaining orderly conditions. The tendency is called homeostasis. It is generally achieved through feedback loops.”
The Education of a Speculator by Victor Niederhofer