Nonlinearity, Bounded Rationality, and Heterogeneity
Some Aspects of Market Economies as Complex Systems
(Sprache: Englisch)
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"...
Jetzt vorbestellen
versandkostenfrei
Buch (Gebunden)
131.99 €
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenlose Rücksendung
- Ratenzahlung möglich
Produktdetails
Produktinformationen zu „Nonlinearity, Bounded Rationality, and Heterogeneity “
Klappentext zu „Nonlinearity, Bounded Rationality, and Heterogeneity “
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.
Inhaltsverzeichnis zu „Nonlinearity, Bounded Rationality, and Heterogeneity “
Part I NONLINEAR ECONOMIC DYNAMICS Chapter 1 The Nature and Significance of Nonlinear Economic Dynamics Chapter 2 One-Dimensional Nonlinear Cobweb Model with Adaptive Production Adjustment Chapter 3 Two-Dimensional Nonlinear Cobweb Model with Heterogeneous Producers Chapter 4 N-Dimensional Globally Coupled Map of Nonlinear Cobweb Model Part II AGENT-BASED SIMULATION Chapter 5 From Nonlinear Economic Dynamics to Complexity Economics Chapter 6 Agent-Based Simulation Model of Market Structure Dynamics I Chapter 7 Agent-Based Simulation Model of Market Structure Dynamics II
Bibliographische Angaben
- Autor: Tamotsu Onozaki
- 2018, 1st ed. 2018, XIII, 220 Seiten, 22 farbige Abbildungen, Maße: 16 x 24,1 cm, Gebunden, Englisch
- Verlag: Springer, Berlin
- ISBN-10: 4431549706
- ISBN-13: 9784431549703
- Erscheinungsdatum: 07.02.2018
Sprache:
Englisch
Kommentar zu "Nonlinearity, Bounded Rationality, and Heterogeneity"
Schreiben Sie einen Kommentar zu "Nonlinearity, Bounded Rationality, and Heterogeneity".
Kommentar verfassen