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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Resultados 1-5 de 42
Página 6
... equations that are mathematically very similar to aggregate im- plications of the baseline epidemiological model of expectations proposed here . Roberts ' work was motivated by his separate findings in 6 The Epidemiology of ...
... equations that are mathematically very similar to aggregate im- plications of the baseline epidemiological model of expectations proposed here . Roberts ' work was motivated by his separate findings in 6 The Epidemiology of ...
Página 7
... equation might result from the diffusion of press reports ) . Mankiw and Reis motivate their model by suggesting that there are costs either of obtaining or of processing inflation every time an agent updates ; however , they do not ...
... equation might result from the diffusion of press reports ) . Mankiw and Reis motivate their model by suggesting that there are costs either of obtaining or of processing inflation every time an agent updates ; however , they do not ...
Página 10
... equation is as follows . In period t a fraction of the population will have been " infected " with the current ... equation . This expression for inflation expectations is identical to the one proposed by Mankiw and Reis [ 16 , 17 ] ...
... equation is as follows . In period t a fraction of the population will have been " infected " with the current ... equation . This expression for inflation expectations is identical to the one proposed by Mankiw and Reis [ 16 , 17 ] ...
Página 12
... equation . The sample is from 1959q3 to 2001q2 . ( Quarterly data from my DRI database begin in 1959q1 . In order to have the same sample for all three tests , the sample must be restricted to 1959q3 and after . ) One , two , and three ...
... equation . The sample is from 1959q3 to 2001q2 . ( Quarterly data from my DRI database begin in 1959q1 . In order to have the same sample for all three tests , the sample must be restricted to 1959q3 and after . ) One , two , and three ...
Página 13
... equation is , therefore , directly estimable , assuming an appropriate proxy for newspaper expectations can be ... equation is basically the same as eq . ( 5 ) in Roberts [ 19 ] , except that Roberts pro- poses that the forecast toward ...
... equation is , therefore , directly estimable , assuming an appropriate proxy for newspaper expectations can be ... equation is basically the same as eq . ( 5 ) in Roberts [ 19 ] , except that Roberts pro- poses that the forecast toward ...
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