Modeling Complexity in Economic and Social Systems.
Title:
Modeling Complexity in Economic and Social Systems.
Author:
Schweitzer, Frank.
ISBN:
9789812777263
Personal Author:
Physical Description:
1 online resource (404 pages)
Contents:
Contents -- Introduction -- A. MARKET DYNAMICS -- Chapter 1 Trading Behavior and Excess Volatility in Toy Markets -- 1. Introduction -- 2. The Model Without Information -- 3. Nash Equilibria -- 4. Adaptive Agents -- 5. The MG with Information -- 6. Learning Rate in the MG for a < ac -- 7. Conclusion -- References -- Chapter 2 Percolation Models of Financial Market Dynamics -- 1. Introduction -- 2. Basic Model and its Results -- 3. Modifications -- 4. How to Get Rich Fast? -- 5. Discussion -- References -- Chapter 3 Electrodynamical Model of Quasi-Efficient Financial Markets -- 1. Introduction -- 2. Electrodynamics Analogy -- Acknowledgments -- References -- Chapter 4 Multi-Agent Market Modeling of Foreign Exchange Rates -- 1. Introduction -- 2. Modeling a Single Agent and the Market Mechanism -- 3. Explicit Dynamics of the fx-Rate -- 4. From Micro- to Macrodynamics by Neural Networks -- 5. Empirical Study -- 6. Conclusion -- References -- Chapter 5 Forecasting Price Increments Using an Artificial Neural Network -- 1. Introduction -- 2. Multi-layer Perceptron -- 3. Detrending Analysis -- 4. Determining the Net Topology -- 5. Stopping Criteria -- 6. Results -- 7. Weekly and Intra-Day Data -- 8. Artificially Generated Price Series -- 9. Discussion -- Acknowledgments -- References -- Chapter 6 Spectral Regularization Data Complexity and Agent Behavior -- 1. Introduction -- 2. Trends Smoothing and Subjective Complexity of Data -- 3. Price Trends in Macroscopic and Microscopic Models of Stock Market -- 4. Spectral Regularization for Trend and Derivative Identification in Nonstationary Time Series -- 5. Spectral Regularization and Agent Behavior -- 6. Conclusion -- References -- B. TECHNOLOGICAL EVOLUTION.
Chapter 7 Dynamics of Economic and Technological Search Processes in Complex Adaptive Landscapes -- 1. Introduction -- 2. Models of a Search Process in Complex Adaptive Landscapes -- 3. Technological Trajectories and Continuity versus Discontinuity in the Process of Technological Change -- 4. Applications to Market Dynamics -- 5. Conclusions -- References -- Chapter 8 New Results in a Self-Organized Model of Technological Evolution -- 1. Introduction -- 2. The Model -- 3. Scaling Properties -- 4. Profiles -- 5. Introducing Costs -- 6. Conclusions -- Acknowledgment -- References -- Chapter 9 Firms' Decision Making Process in an Evolutionary Model of Industrial Dynamics -- 1. The Evolutionary Model of Industrial Dynamics -- 2. Simulation -- 3. Conclusions -- References -- C. SPATIAL DYNAMICS AND ECONOMIC GROWTH -- Chapter 10 Modelling Migration and Economic Agglomeration with Active Brownian Particles -- 1. Introduction -- 2. Dynamic Model of Migration and Employment -- 3. Krugman's "Law of Motion of the Economy" -- 4. Migration and Employment of Workers due to Wage Differences -- 5. Numerical Simulations -- 6. Conclusions -- Acknowledgments -- References -- Chapter 11 The Evolution of Industrial Clusters - Simulating Spatial Dynamics -- 1. Introduction -- 2. Basic Model -- 3. Analysis of Simulations with Independent Regions -- 4. Analysis of a Spatial Model -- 5. Conclusion -- Acknowledgments -- References -- Chapter 12 The Growth Dynamics of German Business Firms -- 1. Motivation Important Problems -- 2. Method of Present Work -- 3. Firm Size Distributions Annual Growth -- 4. Growth Rate Distributions -- 5. Correlations in Firm Growth -- 6. Discussion Open Questions -- Acknowledgments -- References.
Chapter 13 A Dynamic Theory of a Firm: An Application of 'Economic Forces' -- 1. Introduction -- 2. About Micro and Macro Level Modeling -- 3. Kinematics of Production -- 4. A Dynamic Theory of Production -- 5. Specification of the Used Functions -- 6. Dynamics of Production -- 7. Conclusions -- References -- D. DECISION PROCESSES -- Chapter 14 Adaptive Platform Dynamics in Multi-Party Spatial Voting -- 1. Introduction -- 2. Adaptive Platform Dynamics -- 3. Stability Analysis -- 4. Conclusions -- Acknowledgments -- References -- Chapter 15 Subtle Nonlinearity in Popular Album Charts -- 1. Introduction -- 2. Self-Organized Critical Models -- 3. Multiplicative Processes -- 4. Poisson Process -- 5. Analysis of the Top 200 Album Chart -- 6. Discussion -- 7. Conclusion -- References -- Chapter 16 Dynamical Aspects in the Adoption of Agri-Environmental Measures -- 1. Introduction -- 2. Adoption Dynamics on a Uniform 2D Lattice -- 3. Deterministic Models with Distributions of Farmers Characteristics -- 4. Random Networks -- 5. Discussion and Conclusions -- Acknowledgments -- References -- Chapter 17 Collective Choice and Mutual Knowledge Structures -- 1. Introduction -- 2. Complex Systems and World Structure -- 3. The General Formal Framework -- 4. Results -- 5. Discussion and Extensions -- Acknowledgments -- References -- E. AGENT SOCIETIES -- Chapter 18 Evolutionary Study of Interethnic Cooperation -- 1. Introduction -- 2. Basic Principles of Prisoner's Dilemma Game -- 3. Intraethnic Cooperation -- 4. Evolutionary Stable Strategies for Intraethnic Interaction -- 5. Principle of Collective Guilt and Interethnic Interactions -- 6. Evolutionary Stable Strategies for Interethnic Interactions with Principle of Collective Guilt -- 7. Principle of Collective Guilt with an Administrator.
8. Principle of Personal Responsibility and Interethnic Interactions -- 9. Summary -- Acknowledgments -- References -- Chapter 19 Coalition Factor in the Evolution of Non-Kin Altruism -- 1. Introduction: Altruism and Natural Selection -- 2. Altruism as Cooperation -- 3. Altruism in the Absence of Cooperation -- 4. Altruism Status and Politics -- 5. Conclusion: Biosociality Revisited -- References -- Chapter 20 Optimal Payoff Functions for Members of Collectives -- 1. Introduction -- 2. The Mathematics of Collective Intelligence -- 3. The Bar Problem -- 4. Experimental Results -- 5. Conclusion -- References -- Chapter 21 A Day at the Beach: Human Agents Self Organizing on the Sand Pile -- 1. Introduction -- 2. The Sand Pile -- 3. Purposive Agents on the Sand Pile -- 4. Institutions and Self-Organization -- 5. Heterogeneous Agents Creating Regularity -- 6. Conclusion -- Acknowledgments -- References -- Author Index.
Abstract:
Economics and the social sciences are, in fact, the "hard" sciences, as Herbert Simon argued, because the complexity of the problems dealt with cannot simply be reduced to analytically solvable models or decomposed into separate subprocesses. Nevertheless, in recent years, the emerging interdisciplinary "sciences of complexity" have provided new methods and tools for tackling these problems, ranging from complex data analysis to sophisticated computer simulations. In particular, advanced methods developed in the natural sciences have recently also been applied to social and economic problems. The twenty-one chapters of this book reflect this modern development from various modeling perspectives (such as agent-based models, evolutionary game theory, reinforcement learning and neural network techniques, time series analysis, non-equilibrium macroscopic dynamics) and for a broad range of socio-economic applications (market dynamics, technological evolution, spatial dynamics and economic growth, decision processes, and agent societies). They jointly demonstrate a shift of perspective in economics and the social sciences that is allowing a new outlook in this field to emerge. Contents: Market Dynamics: Trading Behavior and Excess Volatility in Toy Markets (M Marsili & D Challet); Percolation Models of Financial Market Dynamics (D Stauffer); Electrodynamical Model of Quasi-Efficient Financial Markets (K N Ilinski & A S Stepanenko); Multi-Agent Market Modeling of Foreign Exchange Rates (G Zimmermann et al.); Forecasting Price Increments Using an Artificial Neural Network (F Castiglione); Spectral Regularization, Data Complexity and Agent Behavior (A Ilyinsky); Technological Evolution: Dynamics of Economic and Technological Search Processes in Complex Adaptive Landscapes (W Ebeling et al.); New Results in a Self-Organized Model of Technological Evolution
(A Arenas et al.); Firms' Decision-Making Process in an Evolutionary Model of Industrial Dynamics (W Kwasnicki); Spatial Dynamics and Economic Growth: Modelling Migration and Economic Agglomeration with Active Brownian Particles (F Schweitzer); The Evolution of Industrial Clusters - Simulating Spatial Dynamics (T Brenner & N Weigelt); The Growth Dynamics of German Business Firms (J Voit); A Dynamic Theory of a Firm: An Application of 'Economic Forces' (M Estola); Decision Processes: Adaptive Platform Dynamics in Multi-Party Spatial Voting (B M R Stadler); Subtle Nonlinearity in Popular Album Charts (R A Bentley & H D G Maschner); Dynamical Aspects in the Adoption of Agri-Environmental Measures (G Weisbuch & G Boudjema); Collective Choice and Mutual Knowledge Structures (D Richards et al.); Agent Societies: Evolutionary Study of Interethnic Co-Operation (V Kvasnicka & J Pospichal); Coalition Factor in the Evolution of Non-Kin Altruism (J-L Dessalles); Optimal Payoff Functions for Members of Collectives (D H Wolpert & K Tumer); A Day at the Beach: Human Agents Self-Organizing on the Sand Pile (H Ishii et al.). Readership: Researchers in the field of complex system science, economists, sociologists, physicists with an interdisciplinary focus, graduates, and professionals.
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.
Genre:
Electronic Access:
Click to View