The Economy As an Evolving Complex System, III: Current Perspectives and Future DirectionsLawrence E. Blume, Steven N. Durlauf Oxford University Press, 2005 M10 20 - 392 páginas Derived from the 2001 Santa Fe Institute Conference, "The Economy as an Evolving Complex System III," represents scholarship from the leading figures in th area of economics and complexity. The subject, a perennial centerpiece of the SFI program of studies has gained a wide range of followers for its methods of employing empirical evidence in the development of analytical economic theories. Accordingly, the chapters in this volume addresses a wide variety of issues in the fields of economics and complexity, accessing eclectic techniques from many disciplines, provided that they shed light on the economic problem. Dedicated to Kenneth Arrow on his 80th birthday, this volume honors his many contributions to the Institute. SFI-style economics is regarded as having had an important impact in introducing a new approach to economic analysis. |
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Página 2
... behavior . One sees exactly these features in the work presented here . Statistical mechanics methods in physics , for example , have proven useful in modeling populations of economic agents . Similarly , evolutionary perspectives on ...
... behavior . One sees exactly these features in the work presented here . Statistical mechanics methods in physics , for example , have proven useful in modeling populations of economic agents . Similarly , evolutionary perspectives on ...
Página 4
... behaviors . A key empirical question is , what is the expected length of time for a network to " switch over " from the old behavior to the new ? Young uncovers conditions on network topology the decision process that , surprisingly ...
... behaviors . A key empirical question is , what is the expected length of time for a network to " switch over " from the old behavior to the new ? Young uncovers conditions on network topology the decision process that , surprisingly ...
Página 15
... behavior is different the behavior of the X corresponds better with empirical evidence . - 0.25 economy Equation 3 in the table reports some bad news for the model : When a con- stant term is permitted in the regression equation , it ...
... behavior is different the behavior of the X corresponds better with empirical evidence . - 0.25 economy Equation 3 in the table reports some bad news for the model : When a con- stant term is permitted in the regression equation , it ...
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... behavior of both the inflation and the unemployment expectations indexes . 3 AGENT - BASED MODELS OF INFLATION EXPECTATIONS One of the most fruitful trends in empirical macroeconomics over the last fifteen years has been the effort to ...
... behavior of both the inflation and the unemployment expectations indexes . 3 AGENT - BASED MODELS OF INFLATION EXPECTATIONS One of the most fruitful trends in empirical macroeconomics over the last fifteen years has been the effort to ...
Página 20
... behavior of macro models . Thus , the possibility of heterogeneity in A , and the resulting serial correlation in errors , has an impor- tance here beyond its usual econometric ramifications for standard errors and inference . If there ...
... behavior of macro models . Thus , the possibility of heterogeneity in A , and the resulting serial correlation in errors , has an impor- tance here beyond its usual econometric ramifications for standard errors and inference . If there ...
Contenido
1 | |
5 | |
31 | |
Rationality and Selection in Asset Markets | 49 |
Statistical Physics and Economic Fluctuations | 67 |
Market Efficiency the Pareto Wealth Distribution and the Lévy Distribution of Stock Returns | 101 |
A Random Order Placement Model of Price Formation in the Continuous Double Auction | 133 |
Multinomial Choice with Social Interactions | 175 |
Heterogeneity and Uniqueness in Interaction Games | 207 |
Perspectives on the Economy as an Evolving Complex System | 243 |
The Diffusion of Innovations in Social Networks | 267 |
Dynamic Properties of Local Interaction Models | 283 |
The View from Economic History | 309 |
Prosocial Emotions | 339 |
Index | 367 |
Otras ediciones - Ver todas
The Economy As an Evolving Complex System, III: Current Perspectives and ... Lawrence E. Blume,Steven N. Durlauf Vista previa limitada - 2006 |
The Economy As an Evolving Complex System, III: Current Perspectives and ... Lawrence E. Blume,Steven N. Durlauf Vista previa limitada - 2006 |
The Economy as an Evolving Complex System III Lawrence Blume,Steven N. Durlauf Vista de fragmentos - 2006 |
Términos y frases comunes
agents analysis analyze assume assumption asymptotic average behavior beliefs Blume Brock and Durlauf chooses action condition consumption contribution correlation decisionmakers defined denote density depend depth profile diffusion dimensional analysis dynamics Econ economic effects empirical epistemic base equation equilibrium estimate evolutionary Evolving Complex System example exponent figure fluctuations forecast given global games H. E. Stanley heterogeneity identified implies individual inflation expectations inflation rate innovation investment investors knowledge Lévy distribution limit order male market order match multinomial logit Nash equilibrium neighborhood nondimensional norms order placement outcome parameters Pareto distribution Pareto wealth distribution payoff player Plerou population power law problem propositional knowledge public goods game punishment random rational expectations Santa Fe Institute scale shame simulations social interactions standard deviation statistical stochastic strategy subjective expected utility technique Theorem theory tick tion unemployment uniqueness utility function volatility zero