ISBN: 9784431549703 - nonlinearity, bounded rationality, and heterogeneity: some aspects of market economies as complex systems (16 resultados)

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Condición: New. Expounds on nonlinear economic dynamics, providing an alternative approach that explains the complex dynamical behavior of market economiesGoes beyond the neoclassical equilibrium paradigm by focusing on nonlinearity, bounded rationality, and hete.

Buch. Condición: Neu. Druck auf Anfrage Neuware - Printed after ordering - This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are 'nonlinearity,' 'bounded rationality' and 'heterogeneity,' which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the absence of any exogenous disturbances are absolutely nonlinear. Bounded rationality constitutes the woof, because economic systems do not exhibit complex behavior if all agents are perfectly rational, as is usually assumed in neoclassical economics. Agents who are boundedly rational have to struggle to do their best with limited information and tend to adapt to their economic environment without knowing what is the best. Furthermore, the heterogeneity of firms or consumers dyes the fabric of complex dynamics woven from the warp and woof.…

Hardcover. Condición: Brand New. 238 pages. 9.25x6.10x0.71 inches. In Stock.

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Buch. Condición: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are 'nonlinearity,' 'bounded rationality' and 'heterogeneity,' which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the absence of any exogenous disturbances are absolutely nonlinear. Bounded rationality constitutes the woof, because economic systems do not exhibit complex behavior if all agents are perfectly rational, as is usually assumed in neoclassical economics. Agents who are boundedly rational have to struggle to do their best with limited information and tend to adapt to their economic environment without knowing what is the best. Furthermore, the heterogeneity of firms or consumers dyes the fabric of complex dynamics woven from the warp and woof. 236 pp. Englisch.…

Hardcover. Condición: Brand New. 238 pages. 9.25x6.10x0.71 inches. In Stock. This item is printed on demand.

Buch. Condición: Neu. Nonlinearity, Bounded Rationality, and Heterogeneity | Some Aspects of Market Economies as Complex Systems | Tamotsu Onozaki | Buch | xiii | Englisch | 2018 | Springer | EAN 9784431549703 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu Print on Demand.…

Buch. Condición: Neu. This item is printed on demand - Print on Demand Titel. Neuware -This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are ¿nonlinearity,¿ ¿bounded rationality¿ and ¿heterogeneity,¿ which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the absence of any exogenous disturbances are absolutely nonlinear. Bounded rationality constitutes the woof, because economic systems do not exhibit complex behavior if all agents are perfectly rational, as is usually assumed in neoclassical economics. Agents who are boundedly rational have to struggle to do their best with limited information and tend to adapt to their economic environment without knowing what is the best. Furthermore, the heterogeneity of firms or consumers dyes the fabric of complex dynamics woven from the warp and woof.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 236 pp. Englisch.…