Nonlinearity, Complexity and Randomness in Economics : Towards Algorithmic Foundations for Economics.
Title:
Nonlinearity, Complexity and Randomness in Economics : Towards Algorithmic Foundations for Economics.
Author:
Zambelli, Stefano.
ISBN:
9781118300428
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (255 pages)
Series:
Surveys of Recent Research in Economics ; v.8
Surveys of Recent Research in Economics
Contents:
Nonlinearity, Complexity and Randomness in Economics -- Contents -- Notes on Contributors -- 1. Introduction -- 2. Towards an Algorithmic Revolution in Economic Theory -- 3. An Algorithmic Information-Theoretic Approach to the Behaviour of Financial Markets -- 4. Complexity and Randomness in Mathematics: Philosophical Reflections on the Relevance for Economic Modelling -- 5. Behavioural Complexity -- 6. Bounded Rationality and the Emergence of Simplicity Amidst Complexity -- 7. Emergent Complexity in Agent-Based Computational Economics -- 8. Non-Linear Dynamics, Complexity and Randomness: Algorithmic Foundations -- 9. Stock-Flow Interactions, Disequilibrium Macroeconomics and the Role of Economic Policy -- 10. Equilibrium Versus Market Efficiency: Randomness versus Complexity in Finance Markets -- 11. Flexible Accelerator Economic Systems as Coupled Oscillators -- 12. Shifting Sands: Non-Linearity, Complexity and Randomness in Economics -- Index.
Abstract:
Nonlinearity, Complexity and Randomness in Economics presents a variety of papers by leading economists, scientists, and philosophers who focus on different aspects of nonlinearity, complexity and randomness, and their implications for economics. A theme of the book is that economics should be based on algorithmic, computable mathematical foundations. Features an interdisciplinary collection of papers by economists, scientists, and philosophers Presents new approaches to macroeconomic modelling, agent-based modelling, financial markets, and emergent complexity Reveals how economics today must be based on algorithmic, computable mathematical foundations.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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