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Complexity Hints for Economic Policy

Specificaties
Paperback, blz. | Engels
Springer Milan | e druk, 2014
ISBN13: 9788847056008
Rubricering
Springer Milan e druk, 2014 9788847056008
Onderdeel van serie New Economic Windows
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations.

Specificaties

ISBN13:9788847056008
Taal:Engels
Bindwijze:paperback
Uitgever:Springer Milan

Inhoudsopgave

General Issues.- Rationality, learning and complexity: from the Homo economicus to the Homo sapiens.- The Confused State of Complexity Economics: An Ontological Explanation.- Modeling Issues I: Modeling Economic Complexity.- The Complex Problem of Modeling Economic Complexity.- Visual Recurrence Analysis: Application to Economic Time series.- Complexity of Out-of-Equilibrium Play in Tax Evasion Game.- Modeling Issues II: Using Models from Physics to Understand EconomicPhenomena.- A New Stochastic Framework for Macroeconomics: Some Illustrative Examples.- Probability of Traffic Violations and Risk of Crime: A Model of Economic Agent Behavior.- Markov Nets and the NetLab Platform: Application to Continuous Double Auction.- Synchronization in Coupled and Free Chaotic Systems.- Agent Based Models.- Explaining Social and Economic Phenomena by Models with Low or Zero Cognition Agents.- Information and Cooperation in a Simulated Labor Market: A Computational Model for the Evolution of Workers and Firms.- Applications.- Income Inequality, Corruption, and the Non-Observed Economy: A Global Perspective.- Forecasting Inflation with Forecast Combinations: Using Neural Networks in Policy.- Policy Issues.- The Impossibility of an Effective Theory of Policy in a Complex Economy.- Implications of Scaling Laws for Policy-Makers.- Robust Control and Monetary Policy Delegation.

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        Complexity Hints for Economic Policy