Foundations And Applications Of Complexity Economics

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Foundations and Applications of Complexity Economics

J. Barkley Rosser, Jr.
Foundations and Applications of Complexity Economics Book PDF

Author : J. Barkley Rosser, Jr.
Publisher : Springer Nature
Page : 174 pages
File Size : 53,9 Mb
Release : 2021-05-21
Category : Business & Economics
ISBN : 9783030706685

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Foundations and Applications of Complexity Economics by J. Barkley Rosser, Jr. Pdf

This book presents a survey of the aspects of economic complexity, with a focus on foundational, interdisciplinary ideas. The long-awaited follow up to his 2011 volume Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems: From Catastrophe to Chaos and Beyond, this volume draws together the threads of Rosser’s earlier work on complexity theory and its wide applications in economics and an expanded list of related disciplines. The book begins with a full account of the broader categories of complexity in economics--dynamic, computational, hierarchical, and structural--before shifting to more detailed analysis. The next two chapters address problems associated with computational complexity, especially those of computability, and discuss the Godel Incompleteness Theorem with a focus on reflexivity. The middle chapters discuss the relationship between entropy, econophysics, evolution, and economic complexity, respectively, with applications in urban and regional dynamics, ecological economics, general equilibrium theory, as well as financial market dynamics. The final chapter works to bring together these themes into a broader framework and expose some of the limits concerning analysis of deeper foundational issues. With applications in all disciplines characterized by interconnected nonlinear adaptive systems, this book is appropriate for graduate students, professors and practitioners in economics and related disciplines such as regional science, mathematics, physics, biology, environmental sciences, philosophy, and psychology.

Principles of Complexity Economics

Michael Roos
Principles of Complexity Economics Book PDF

Author : Michael Roos
Publisher : Springer
Page : 0 pages
File Size : 53,6 Mb
Release : 2024-05-23
Category : Business & Economics
ISBN : 3031514351

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Principles of Complexity Economics by Michael Roos Pdf

This textbook serves as an introduction to the rising field of complexity economics. In thirteen chapters, it provides a comprehensive and systematic overview of the concepts and methods of complexity economics and their applications to economic issues. The book explains that the complexity approach is not just another method, but a worldview that is different from the one of academics with neoclassical training. By contrasting complexity economics with neoclassical economics, the readers are induced to reflect on their own unconscious beliefs about the economic world and develop their own approach to dealing with the pervasive complexities and uncertainties of reality. The first five chapters serve as an introduction and overview. Chapters 6 - 12 present the core concepts of the book. Each of the seven chapters introduces a key concept of complexity and provides applications to economics topics. The final chapter discusses the implications of complexity thinking for economic policy and for the future development of economics. This textbook addresses advanced undergraduate students and graduate students of economics, interested in a better understanding of the concepts and the way of thinking in complexity economics, as well as in acquiring a sound technical foundation to understand most of the research literature.

Economic Foundations for Social Complexity Science

Yuji Aruka,Alan Kirman
Economic Foundations for Social Complexity Science Book PDF

Author : Yuji Aruka,Alan Kirman
Publisher : Springer
Page : 277 pages
File Size : 51,9 Mb
Release : 2017-09-25
Category : Business & Economics
ISBN : 9789811057052

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Economic Foundations for Social Complexity Science by Yuji Aruka,Alan Kirman Pdf

This book focuses on how important massive information is and how sensitive outcomes are to information. In this century humans now are coming up against the massive utilization of information in various contexts. The advent of super intelligence is drastically accelerating the evolution of the socio-economic system. Our traditional analytic approach must therefore be radically reformed in order to adapt to an information-sensitive framework, which means giving up myopic purification and the elimination of all considerations of massive information. In this book, authors who have shared and exchanged their ideas over the last 20 years, offer thorough examinations of the theoretical–ontological basis of complex economic interaction, econophysics, and agent-based modeling during the last several decades. This book thus provides the indispensable philosophical-scientific foundations for this new approach, and then moves on to empirical–epistemological studies concerning changes in sentiments and other movements in financial markets.

Complexity Theory, Game Theory, and Economics

Tim Roughgarden
Complexity Theory Game Theory and Economics Book PDF

Author : Tim Roughgarden
Publisher : Unknown
Page : 204 pages
File Size : 43,6 Mb
Release : 2020-03-02
Category : Computers
ISBN : 1680836544

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Complexity Theory, Game Theory, and Economics by Tim Roughgarden Pdf

This monograph comprises a series of ten lectures divided into two parts. Part 1 focuses on the communication and computational complexity of computing an (approximate) Nash equilibrium. Part 2 focuses on applications of computational complexity theory to game theory and economics.

Foundations of Complex-system Theories

Sunny Y. Auyang
Foundations of Complex system Theories Book PDF

Author : Sunny Y. Auyang
Publisher : Cambridge University Press
Page : 422 pages
File Size : 42,8 Mb
Release : 1998
Category : Business & Economics
ISBN : 0521778263

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Foundations of Complex-system Theories by Sunny Y. Auyang Pdf

Analyzes approaches to the study of complexity in the physical, biological, and social sciences.

Philosophy of Complex Systems

Anonim
Philosophy of Complex Systems Book PDF

Author : Anonim
Publisher : Elsevier
Page : 952 pages
File Size : 40,8 Mb
Release : 2011-05-23
Category : Philosophy
ISBN : 0080931227

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Philosophy of Complex Systems by Anonim Pdf

The domain of nonlinear dynamical systems and its mathematical underpinnings has been developing exponentially for a century, the last 35 years seeing an outpouring of new ideas and applications and a concomitant confluence with ideas of complex systems and their applications from irreversible thermodynamics. A few examples are in meteorology, ecological dynamics, and social and economic dynamics. These new ideas have profound implications for our understanding and practice in domains involving complexity, predictability and determinism, equilibrium, control, planning, individuality, responsibility and so on. Our intention is to draw together in this volume, we believe for the first time, a comprehensive picture of the manifold philosophically interesting impacts of recent developments in understanding nonlinear systems and the unique aspects of their complexity. The book will focus specifically on the philosophical concepts, principles, judgments and problems distinctly raised by work in the domain of complex nonlinear dynamical systems, especially in recent years. -Comprehensive coverage of all main theories in the philosophy of Complex Systems -Clearly written expositions of fundamental ideas and concepts -Definitive discussions by leading researchers in the field -Summaries of leading-edge research in related fields are also included

Artificial Intelligence, Learning and Computation in Economics and Finance

Ragupathy Venkatachalam
Artificial Intelligence Learning and Computation in Economics and Finance Book PDF

Author : Ragupathy Venkatachalam
Publisher : Springer Nature
Page : 331 pages
File Size : 52,9 Mb
Release : 2023-02-15
Category : Science
ISBN : 9783031152948

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Artificial Intelligence, Learning and Computation in Economics and Finance by Ragupathy Venkatachalam Pdf

This book presents frontier research on the use of computational methods to model complex interactions in economics and finance. Artificial Intelligence, Machine Learning and simulations offer effective means of analyzing and learning from large as well as new types of data. These computational tools have permeated various subfields of economics, finance, and also across different schools of economic thought. Through 16 chapters written by pioneers in economics, finance, computer science, psychology, complexity and statistics/econometrics, the book introduces their original research and presents the findings they have yielded. Theoretical and empirical studies featured in this book draw on a variety of approaches such as agent-based modeling, numerical simulations, computable economics, as well as employing tools from artificial intelligence and machine learning algorithms. The use of computational approaches to perform counterfactual thought experiments are also introduced, which help transcend the limits posed by traditional mathematical and statistical tools. The book also includes discussions on methodology, epistemology, history and issues concerning prediction, validation, and inference, all of which have become pertinent with the increasing use of computational approaches in economic analysis.

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 : 49,9 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.

Computable Foundations for Economics

K. Vela Velupillai
Computable Foundations for Economics Book PDF

Author : K. Vela Velupillai
Publisher : Routledge
Page : 514 pages
File Size : 42,7 Mb
Release : 2012-07-26
Category : Business & Economics
ISBN : 9781134253364

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Computable Foundations for Economics by K. Vela Velupillai Pdf

Computable Foundations for Economics is a unified collection of essays, some of which are published here for the first time and all of which have been updated for this book, on an approach to economic theory from the point of view of algorithmic mathematics. By algorithmic mathematics the author means computability theory and constructive mathematics. This is in contrast to orthodox mathematical economics and game theory, which are formalised with the mathematics of real analysis, underpinned by what is called the ZFC formalism, i.e., set theory with the axiom of choice. This reliance on ordinary real analysis and the ZFC system makes economic theory in its current mathematical mode completely non-algorithmic, which means it is numerically meaningless. The book provides a systematic attempt to dissect and expose the non-algorithmic content of orthodox mathematical economics and game theory and suggests a reformalization on the basis of a strictly rigorous algorithmic mathematics. This removes the current schizophrenia in mathematical economics and game theory, where theory is entirely divorced from algorithmic applicability – for experimental and computational exercises. The chapters demonstrate the uncomputability and non-constructivity of core areas of general equilibrium theory, game theory and recursive macroeconomics. The book also provides a fresh look at the kind of behavioural economics that lies behind Herbert Simon’s work, and resurrects a role for the noble classical traditions of induction and verification, viewed and formalised, now, algorithmically. It will therefore be of particular interest to postgraduate students and researchers in algorithmic economics, game theory and classical behavioural economics.

Economic Complexity and Equilibrium Illusion

Ping Chen
Economic Complexity and Equilibrium Illusion Book PDF

Author : Ping Chen
Publisher : Routledge
Page : 585 pages
File Size : 53,6 Mb
Release : 2010-04-05
Category : Business & Economics
ISBN : 9781136994876

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Economic Complexity and Equilibrium Illusion by Ping Chen Pdf

The Principle of Large Numbers indicates that macro fluctuations have weak microfoundations; persistent business cycles and interrupted technologies can be better characterized by macro vitality and meso foundations. Economic growth is limited by market extent and ecological constraints. The trade-off between stability and complexity is the foundation of cultural diversity and mixed economies. The new science of complexity sheds light on the sources of economic instability and complexity. This book consists of the major work of Professor Ping Chen, a pioneer in studying economic chaos and economic complexity. They are selected from works completed since 1987, including original research on the evolutionary dynamics of the division of labour, empirical and theoretical studies of economic chaos and stochastic models of collective behavior. Offering a new perspective on market instability and the changing world order, the basic pillars in equilibrium economics are challenged by solid evidence of economic complexity and time asymmetry, including Friedman’s theory of exogenous money and efficient market, the Frisch model of noise-driven cycles, the Lucas model of microfoundations and rational expectations, the Black-Scholes model of option pricing, and the Coase theory of transaction costs. Throughout, a general theory based on complex evolutionary economics is developed, which integrates different insights from Marx, Marshall, Schumpeter, Keynes and offers a new understanding of the evolutionary history of division of labour. This book will be of interest to postgraduates and researchers in Economics, including macroeconomics, financial economics, advanced econometrics and economic methodology.

A Complexity Theory for Public Policy

Göktuğ Morçöl
A Complexity Theory for Public Policy Book PDF

Author : Göktuğ Morçöl
Publisher : Routledge
Page : 314 pages
File Size : 51,5 Mb
Release : 2013-05-02
Category : Political Science
ISBN : 9781136283468

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A Complexity Theory for Public Policy by Göktuğ Morçöl Pdf

Complexity theory has become popular in the natural and social sciences over the last few decades as a result of the advancements in our understanding of the complexities in natural and social phenomena. Concepts and methods of complexity theory have been applied by scholars of public affairs in North America and Europe, but a comprehensive framework for these applications is lacking. A Complexity Theory for Public Policy proposes a conceptual synthesis and sets a foundation for future developments and applications. In this book, Göktuğ Morçöl convincingly makes the case that complexity theory can help us understand better the self-organizational, emergent, and co-evolutionary characteristics of complex policy systems. In doing so, he discuss the epistemological implications of complexity theory and the methods complexity researchers use, and those methods they could use. As the complexity studies spread more around the world in the coming decades, the contents of this book will become appealing to larger audiences, particularly to scholars and graduate students in public affairs. The unique combination of synthesis and explanation of concepts and methods found in this book will serve as reference frames for future works.

Nonlinearity, Complexity and Randomness in Economics

Stefano Zambelli,Donald A. R. George
Nonlinearity Complexity and Randomness in Economics Book PDF

Author : Stefano Zambelli,Donald A. R. George
Publisher : John Wiley & Sons
Page : 352 pages
File Size : 52,7 Mb
Release : 2012-01-17
Category : Business & Economics
ISBN : 9781118300435

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Nonlinearity, Complexity and Randomness in Economics by Stefano Zambelli,Donald A. R. George Pdf

Nonlinearity, Complexity and Randomness in Economics presents a variety of papers by leading economists, scientists, and philosophers who focus on different aspects of nonlinearity, complexity and randomness, and their implications for economics. A theme of the book is that economics should be based on algorithmic, computable mathematical foundations. Features an interdisciplinary collection of papers by economists, scientists, and philosophers Presents new approaches to macroeconomic modelling, agent-based modelling, financial markets, and emergent complexity Reveals how economics today must be based on algorithmic, computable mathematical foundations

Foundations of Economics

Yanis Varoufakis
Foundations of Economics Book PDF

Author : Yanis Varoufakis
Publisher : Routledge
Page : 426 pages
File Size : 44,7 Mb
Release : 2002-01-08
Category : Business & Economics
ISBN : 9781134682607

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Foundations of Economics by Yanis Varoufakis Pdf

Foundations of Economics breathes life into the discipline by linking key economic concepts with wider debates and issues. By bringing to light delightful mind-teasers, philosophical questions and intriguing politics in mainstream economics, it promises to enliven an otherwise dry course whilst inspiring students to do well. The book covers all the main economic concepts and addresses in detail three main areas: * consumption and choice * production and markets * government and the State. Each is discussed in terms of what the conventional textbook says, how these ideas developed in historical and philosophical terms and whether or not they make sense. Assumptions about economics as a discipline are challenged, and several pertinent students' anxieties ('Should I be studying economics?') are discussed.

Handbook on Entropy, Complexity and Spatial Dynamics

Reggiani, Aura,Schintler, Laurie A.,Czamanski, Danny,Patuelli, Roberto
Handbook on Entropy Complexity and Spatial Dynamics Book PDF

Author : Reggiani, Aura,Schintler, Laurie A.,Czamanski, Danny,Patuelli, Roberto
Publisher : Edward Elgar Publishing
Page : 640 pages
File Size : 52,6 Mb
Release : 2021-12-14
Category : Social Science
ISBN : 9781839100598

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Handbook on Entropy, Complexity and Spatial Dynamics by Reggiani, Aura,Schintler, Laurie A.,Czamanski, Danny,Patuelli, Roberto Pdf

This ground-breaking Handbook presents a state-of-the-art exploration of entropy, complexity and spatial dynamics from fundamental theoretical, empirical and methodological perspectives. It considers how foundational theories can contribute to new advances, including novel modeling and empirical insights at different sectoral, spatial and temporal scales.

The Economics of Artificial Intelligence

Ajay Agrawal,Joshua Gans,Avi Goldfarb,Catherine Tucker
The Economics of Artificial Intelligence Book PDF

Author : Ajay Agrawal,Joshua Gans,Avi Goldfarb,Catherine Tucker
Publisher : University of Chicago Press
Page : 172 pages
File Size : 46,7 Mb
Release : 2024-03-05
Category : Business & Economics
ISBN : 9780226833125

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The Economics of Artificial Intelligence by Ajay Agrawal,Joshua Gans,Avi Goldfarb,Catherine Tucker Pdf

A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.