Complexity In Economic And Social Systems

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Modeling Complexity in Economic and Social Systems

Frank Schweitzer
Modeling Complexity in Economic and Social Systems Book PDF

Author : Frank Schweitzer
Publisher : World Scientific
Page : 404 pages
File Size : 41,6 Mb
Release : 2002-12-09
Category : Science
ISBN : 9789814488358

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Modeling Complexity in Economic and Social Systems by Frank Schweitzer Pdf

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. Keywords:

Complexity in Economic and Social Systems

Stanisław Drożdż,Jarosław Kwapien,Paweł Oświęcimka
Complexity in Economic and Social Systems Book PDF

Author : Stanisław Drożdż,Jarosław Kwapien,Paweł Oświęcimka
Publisher : MDPI
Page : 534 pages
File Size : 51,8 Mb
Release : 2021-05-11
Category : Business & Economics
ISBN : 9783036507941

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Complexity in Economic and Social Systems by Stanisław Drożdż,Jarosław Kwapien,Paweł Oświęcimka Pdf

There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.

Complexity in Economic and Social Systems

Stanisław Drożdż,Jarosław Kwapień,Paweł Oświęcimka
Complexity in Economic and Social Systems Book PDF

Author : Stanisław Drożdż,Jarosław Kwapień,Paweł Oświęcimka
Publisher : Unknown
Page : 534 pages
File Size : 52,9 Mb
Release : 2021
Category : Electronic
ISBN : 3036507957

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Complexity in Economic and Social Systems by Stanisław Drożdż,Jarosław Kwapień,Paweł Oświęcimka Pdf

There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.

Simplicity of Complexity in Economic and Social Systems

Dariusz Grech,Janusz Miśkiewicz
Simplicity of Complexity in Economic and Social Systems Book PDF

Author : Dariusz Grech,Janusz Miśkiewicz
Publisher : Springer
Page : 130 pages
File Size : 43,8 Mb
Release : 2021-11-23
Category : Science
ISBN : 3030561623

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Simplicity of Complexity in Economic and Social Systems by Dariusz Grech,Janusz Miśkiewicz Pdf

This book presents the Proceedings of the 54th Winter School of Theoretical Physics on Simplicity of Complexity in Economic and Social Systems, held in Lądek Zdrój, Poland, from 18 to 24 February 2018. The purpose of the book is to introduce the new interdisciplinary research that links statistical physics, and particular attention is given to link physics of complex systems, with financial analysis and sociology. The main tools used in these areas are numerical simulation of agents behavior and the interpretation of results with the help of complexity methods, therefore a background in statistical physics and in physics of phase transition is necessary to take the first steps towards these research fields called econophysics and sociophysics. In this perspective, the book is intended to graduated students and young researchers who want to begin the study of this established new area, which connects physicists, economists, sociologists and IT professionals, to better understand complexity phenomena existing not only in physics but also in complex systems being seemingly far from traditional view at physics.

Economics as an Agent-Based Complex System

H. Deguchi
Economics as an Agent Based Complex System Book PDF

Author : H. Deguchi
Publisher : Springer Science & Business Media
Page : 270 pages
File Size : 40,6 Mb
Release : 2011-06-28
Category : Business & Economics
ISBN : 9784431539575

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Economics as an Agent-Based Complex System by H. Deguchi Pdf

In agent-based modeling the focus is very much on agent-based simulation, as simulation is a very important tool for agent-based modeling. We also use agent-based simulation in this book with a stress on the mathematical foundation of agent-based modeling. We introduce two original mathematical frameworks, a theory of SLD (Social Learning Dynamics) and an axiomatic theory of economic exchange (Exchange Algebra) among agents. Exchange algebra gives bottom-up reconstruction of SNA (System of National Accountings). SLD provides the concept of indirect control of socio-economic systems to manage structural change and its stability. We also compare agent-based simulation with gaming simulation and investigate the epistemological foundation of agent-based modeling.

Simplicity of Complexity in Economic and Social Systems

Dariusz Grech,Janusz Miśkiewicz
Simplicity of Complexity in Economic and Social Systems Book PDF

Author : Dariusz Grech,Janusz Miśkiewicz
Publisher : Springer Nature
Page : 130 pages
File Size : 40,9 Mb
Release : 2020-11-08
Category : Science
ISBN : 9783030561604

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Simplicity of Complexity in Economic and Social Systems by Dariusz Grech,Janusz Miśkiewicz Pdf

This book presents the Proceedings of the 54th Winter School of Theoretical Physics on Simplicity of Complexity in Economic and Social Systems, held in Lądek Zdrój, Poland, from 18 to 24 February 2018. The purpose of the book is to introduce the new interdisciplinary research that links statistical physics, and particular attention is given to link physics of complex systems, with financial analysis and sociology. The main tools used in these areas are numerical simulation of agents behavior and the interpretation of results with the help of complexity methods, therefore a background in statistical physics and in physics of phase transition is necessary to take the first steps towards these research fields called econophysics and sociophysics. In this perspective, the book is intended to graduated students and young researchers who want to begin the study of this established new area, which connects physicists, economists, sociologists and IT professionals, to better understand complexity phenomena existing not only in physics but also in complex systems being seemingly far from traditional view at physics.

Innovation in Complex Social Systems

Petra Ahrweiler
Innovation in Complex Social Systems Book PDF

Author : Petra Ahrweiler
Publisher : Unknown
Page : 0 pages
File Size : 41,9 Mb
Release : 2013-10-18
Category : Social systems
ISBN : 0415632366

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Innovation in Complex Social Systems by Petra Ahrweiler Pdf

This book now has something new to say about innovation analysing it in complex social systems while making innovation understandable and tractable using tools such as computational network analysis and agent-based simulation.

Complexity and the Art of Public Policy

David Colander,Roland Kupers
Complexity and the Art of Public Policy Book PDF

Author : David Colander,Roland Kupers
Publisher : Princeton University Press
Page : 320 pages
File Size : 44,8 Mb
Release : 2016-02-16
Category : Business & Economics
ISBN : 9780691169132

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Complexity and the Art of Public Policy by David Colander,Roland Kupers Pdf

How ideas in complexity can be used to develop more effective public policy Complexity science—made possible by modern analytical and computational advances—is changing the way we think about social systems and social theory. Unfortunately, economists' policy models have not kept up and are stuck in either a market fundamentalist or government control narrative. While these standard narratives are useful in some cases, they are damaging in others, directing thinking away from creative, innovative policy solutions. Complexity and the Art of Public Policy outlines a new, more flexible policy narrative, which envisions society as a complex evolving system that is uncontrollable but can be influenced. David Colander and Roland Kupers describe how economists and society became locked into the current policy framework, and lay out fresh alternatives for framing policy questions. Offering original solutions to stubborn problems, the complexity narrative builds on broader philosophical traditions, such as those in the work of John Stuart Mill, to suggest initiatives that the authors call "activist laissez-faire" policies. Colander and Kupers develop innovative bottom-up solutions that, through new institutional structures such as for-benefit corporations, channel individuals’ social instincts into solving societal problems, making profits a tool for change rather than a goal. They argue that a central role for government in this complexity framework is to foster an ecostructure within which diverse forms of social entrepreneurship can emerge and blossom.

Microeconomics of Interactive Economies

Wolfram Elsner
Microeconomics of Interactive Economies Book PDF

Author : Wolfram Elsner
Publisher : Edward Elgar Publishing
Page : 267 pages
File Size : 48,8 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781953402

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Microeconomics of Interactive Economies by Wolfram Elsner Pdf

A 'Non-Toxic' Intermediate Textbook 'Here, at last, we have the ideal textbook for microeconomics from an evolutionary and institutional perspective. Wolfram Elsner does nothing less than reconstruct the principles of microeconomics for a world of interactive business networks, change and innovation, crisis and uncertainty, as well as coordination problems and cooperative joint ventures. The publication of this book is a landmark event in microeconomics.' – Phillip A. O'Hara, Curtin University of Technology, Perth, Australia and President-Elect of AFEE, 2012 'This microeconomics textbook by Wolfram Elsner provides a timely alternative for understanding the micro roots of uncertainty, complexity and crisis. The evolutionary and institutional perspective sheds new light on contemporary issues such as clusters, networks, innovation and coordination. By reading this textbook, teachers, students and practitioners will open their minds to new economic thinking.' – Ping Chen, Peking University, Beijing, Fudan University, Shanghai, China and author of Economic Complexity and Equilibrium Illusion This thorough reconstruction of microeconomics 'post-2008' provides economic students with a new way of real-world understanding and strategic qualification that will be better appreciated by their future employers and any professional practice. It will prove essential for economic students and other social science programs at a graduate level. This accessible and engaging textbook includes: • A survey of the most famous core models of modern microeconomics including the neoclassical approach and its heterodox critiques – Sraffian, Institutionalist, Post-Keynesian and Mirowskian • An introduction to complexity thinking in economics • An introduction to game theory • An introduction to the methods of complex computer simulation • An introduction to strategic behavior • An newly integrated approach to real-world and complexity economics, rather than focusing on neoclassical ('perfect') market equilibrium 'plus a thousand recent extra things on top'. See the companion website – www.microeconomics.us – for teaching material, readings, exams and as a general guide to explore issues raised in the book.

Complexity and the Economy

W. Brian Arthur
Complexity and the Economy Book PDF

Author : W. Brian Arthur
Publisher : Oxford University Press, USA
Page : 241 pages
File Size : 42,9 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780199334292

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Complexity and the Economy by W. Brian Arthur Pdf

A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.

Social Synthesis

Philip Haynes
Social Synthesis Book PDF

Author : Philip Haynes
Publisher : Routledge
Page : 215 pages
File Size : 41,6 Mb
Release : 2017-08-07
Category : Social Science
ISBN : 9781315458519

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Social Synthesis by Philip Haynes Pdf

How is it possible to understand society and the problems it faces? What sense can be made of the behaviour of markets and government interventions? How can citizens understand the course that their lives take and the opportunities available to them? There has been much debate surrounding what methodology and methods are appropriate for social science research. In a larger sense, there have been differences in quantitative and qualitative approaches and some attempts to combine them. In addition, there have also been questions of the influence of competing values on all social activities versus the need to find an objective understanding. Thus, this aptly named volume strives to develop new methods through the practice of ‘social synthesis’, describing a methodology that perceives societies and economies as manifestations of highly dynamic, interactive and emergent complex systems. Furthermore, helping us to understand that an analysis of parts alone does not always lead to an informed understanding, Haynes presents to the contemporary researcher an original tool called Dynamic Pattern Synthesis (DPS) – a rigorous method that informs us about how specific complex social and economic systems adapt over time. A timely and significant monograph, Social Synthesis will appeal to advanced undergraduate and postgraduate students, research professionals and academic researchers informed by sociology, economics, politics, public policy, social policy and social psychology.

Deep Complexity and the Social Sciences

Robert Delorme
Deep Complexity and the Social Sciences Book PDF

Author : Robert Delorme
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 49,9 Mb
Release : 2010
Category : Economics
ISBN : 184980026X

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Deep Complexity and the Social Sciences by Robert Delorme Pdf

This title will become the key reference in the field of complex economic systems. It is a thorough and systematic treatment of complexity.

Economic Complexity and Human Development

Dominik Hartmann
Economic Complexity and Human Development Book PDF

Author : Dominik Hartmann
Publisher : Routledge
Page : 275 pages
File Size : 53,7 Mb
Release : 2018-03-12
Category : Business & Economics
ISBN : 9781135118945

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Economic Complexity and Human Development by Dominik Hartmann Pdf

This book combines the human development approach and innovation economics in order to explore the effects that structural economic change has on human development. While economic diversification can provide valuable new social choices and capabilities, it also tends to lead to more complex decision processes and changes to the set of capabilities required by people to self-determine their future. Within this process of structural transformation, social networks are crucial for accessing information and social support, but networks can also be a root cause of exclusion and inequality reproduction. This implies the need to encourage innovation and economic diversification beyond production expansion, focusing on the promotion of human agency and social inclusion. This book provides such a modern perspective on development economics, emphasizing the role of social networks, economic diversity and entrepreneurship for social welfare. The author discusses how innovation, social networks, economic dynamics and human development are interlinked, and provides several practical examples of social and micro-entrepreneurship in contexts as diverse as Peruvian rural villages and Brazil’s urban areas. The interdisciplinary perspective put forward in this book illustrates theoretical and methodological methods of exploring the complexity of development in a practical and relevant way. It also provides useful information about structural factors which need to be considered by practitioners when designing pro-poor growth policies. Furthermore, the coverage of the core concepts of innovation, networks and development economics, enriched with multiple examples, makes it a valuable resource for scholars and advanced students of modern development economics.

Complex Systems in Finance and Econometrics

Robert A. Meyers
Complex Systems in Finance and Econometrics Book PDF

Author : Robert A. Meyers
Publisher : Springer Science & Business Media
Page : 919 pages
File Size : 51,9 Mb
Release : 2010-11-03
Category : Business & Economics
ISBN : 9781441977007

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Complex Systems in Finance and Econometrics by Robert A. Meyers Pdf

Finance, Econometrics and System Dynamics presents an overview of the concepts and tools for analyzing complex systems in a wide range of fields. The text integrates complexity with deterministic equations and concepts from real world examples, and appeals to a broad audience.

Complexity and Co-evolution

Elizabeth Garnsey,James McGlade
Complexity and Co evolution Book PDF

Author : Elizabeth Garnsey,James McGlade
Publisher : Edward Elgar Publishing
Page : 231 pages
File Size : 48,9 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9781847202925

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Complexity and Co-evolution by Elizabeth Garnsey,James McGlade Pdf

. . . in my opinion. . . readers. . . should find in this book both several remarkable insights concerning basic statements of evolutionary theorising and concrete results that can be acquired by applying such basic statements in computer simulation models and in various fields of analysis. Mauro Lombardi, The Journal of Artificial Societies and Social Simulation Complexity theory first emerged three decades or so ago, but only recently has its potential relevance for the study of social and economic phenomena really begun to be recognised. This timely collection of essays clearly demonstrates, both conceptually and empirically, how complexity theory ideas can provide considerable insight into how socio-economic systems cities, societies, industries, technologies and economies evolve and adapt over time. It is essential reading for anyone interested in how order and evolution emerge out of the seemingly chaotic socio-economic world around us. Ron Martin, University of Cambridge, UK I read Complexity and Co-Evolution with real pleasure. These authors have done the near impossible they have made the concepts of a new and evolving science accessible to people who can apply it in practical ways. The clarity of writing reflects the sort of confidence only the truly informed can muster, for they need no jargon to cover confusions. Their mastery allows them to present the essentials in simple, unadorned forms and through genuinely illustrative examples. Any manager or director trying to navigate dynamic markets can use this book to learn new ways of thinking, explore new possibilities, and study historical experiences. Robert Artigiani, United States Naval Academy Current thinking about evolutionary dynamics increasingly relies on co-evolution, and co-evolution increasingly implies complex dynamics of one sort or another. This volume brings together a capable and well-balanced group of thinkers on these topics who explore these deeply related concepts with up-to-date and advanced tools and concepts. For anyone wishing to learn about the latest developments in these rapidly developing areas, this book is highly recommended. J. Barkley Rosser Jr., James Madison University, US This book applies ideas and methods from the complexity perspective to key concerns in the social sciences, exploring co-evolutionary processes that have not yet been addressed in the technical or popular literature on complexity. Authorities in a variety of fields including evolutionary economics, innovation and regeneration studies, urban modelling and history re-evaluate their disciplines within this framework. The book explores the complex dynamic processes that give rise to socio-economic change over space and time, with reference to empirical cases including the emergence of knowledge-intensive industries and decline of mature regions, the operation of innovative networks and the evolution of localities and cities. Sustainability is a persistent theme and the practicability of intervention is examined in the light of these perspectives. Specialists in disciplines that include economics, evolutionary theory, innovation, industrial manufacturing, technology change, and archaeology will find much to interest them in this book. In addition, the strong interdisciplinary emphasis of the book will attract a non-specialist audience interested in keeping abreast of current theoretical and methodological approaches through evidence-based and practical examples.