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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... belief that economic research could benefit from an injection of new mathe- The Economy as an Evolving Complex System III , edited by Lawrence E. Blume and Steven N. Durlauf , Oxford University Press 1 matical models and new substantive ...
... belief that economic research could benefit from an injection of new mathe- The Economy as an Evolving Complex System III , edited by Lawrence E. Blume and Steven N. Durlauf , Oxford University Press 1 matical models and new substantive ...
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... beliefs of economic actors are described . At the same time , this volume reflects some of the ways in which , at least informally , some of the early aspirations were not met . The models presented here do not represent any sort of ...
... beliefs of economic actors are described . At the same time , this volume reflects some of the ways in which , at least informally , some of the early aspirations were not met . The models presented here do not represent any sort of ...
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... beliefs about the structure of the economy , and have instantaneous and costless access to all the latest economic data . Each agent pro- cesses these data using the true macroeconomic model to obtain a forecast for the future path of ...
... beliefs about the structure of the economy , and have instantaneous and costless access to all the latest economic data . Each agent pro- cesses these data using the true macroeconomic model to obtain a forecast for the future path of ...
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... beliefs that decisionmakers hold when the innovation is introduced and on how those beliefs evolve as experience accumulates . Manski [ 6 ] showed that processes of social learning can generate potentially complex time paths for the ...
... beliefs that decisionmakers hold when the innovation is introduced and on how those beliefs evolve as experience accumulates . Manski [ 6 ] showed that processes of social learning can generate potentially complex time paths for the ...
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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