beings, left free to each regulate themselves, tend to produce spontaneous order, rather than the meaningless chaos often feared. This has been observed in society at least since Chuang Tzu in ancient China. Human beings are the basic elements of social systems, which perpetually interact and create, maintain, or untangle mutual social bonds. Social bonds in social systems are perpetually changing in the sense of the ongoing reconfiguration of their structure. A classic traffic roundabout is also a good example, with cars moving in and out with such effective organization that some modern cities have begun replacing stoplights at problem intersections with roundabouts, and getting better results. Open-source software and Wiki projects form an even more compelling illustration. Emergent processes or behaviors can be seen in many other places, such as cities, cabal and market-dominant minority phenomena in economics, organizational phenomena in computer simulations and cellular automata. Whenever there is a multitude of individuals interacting, an order emerges from disorder; a pattern, a decision, a structure, or a change in direction occurs. Economics The stock market (or any market for that matter) is an example of emergence on a grand scale. As a whole it precisely regulates the relative security prices of companies across the world, yet it has no leader; when no central planning is in place, there is no one entity which controls the workings of the entire market. Agents, or investors, have knowledge of only a limited number of companies within their portfolio, and must follow the regulatory rules of the market and analyse the transactions individually or in large groupings. Trends and patterns which emerge are studied intensively by technical analysts. World Wide Web and the Internet The World Wide Web is a popular example of a decentralized system exhibiting emergent properties. There is no central organization rationing the number of links, yet the number of links pointing to each page follows a power law in which a few pages are linked to many times and most pages are seldom linked to. A related property of the network of links in the World Wide Web is that almost any pair of pages can be connected to each other through a relatively short chain of links. Although relatively well known now, this property was initially unexpected in an unregulated network. It is shared with many other types of networks called small-world networks. Internet traffic can also exhibit