Showing 1 - 10 of 21
Why do financial markets crash again and again? How can we construct resilient institutions? What determines human happiness and well-­‐being, and how are they influenced by personal wealth? How can society change behaviours that destroy our environment and other important public goods? Big...
Persistent link: https://www.econbiz.de/10014155567
We develop an analytical core for sociology. We follow standard dynamical systems theory by first specifying the conditions for social equilibrium, and then study the dynamical principles that govern disequilibrium behavior. Our general social equilibrium model is an expansion of the general...
Persistent link: https://www.econbiz.de/10014151185
In the wake of the on-going digital revolution, we will see a dramatic transformation of our economy and most of our societal institutions. While the benefits of this transformation can be massive, there are also tremendous risks to our society. After the automation of many production processes...
Persistent link: https://www.econbiz.de/10014136393
Smartphones, tablets, and app stores with almost unlimited possibilities have become symbols of the digital revolution. However, while all this makes our lives more comfortable and interesting, these innovations pave the way for much more fundamental transformations. They concern the way we...
Persistent link: https://www.econbiz.de/10014139039
The invention of the steam engine turned the agricultural society (with its “Economy 1.0”) into an industrial society (with the “Economy 2.0”). Later, the spreading of education enabled the service society (with the “Economy 3.0”). And now, the pervasiveness of digital technologies...
Persistent link: https://www.econbiz.de/10014139708
Having studied the technological and social forces shaping our societies, we are now turning to the evolutionary forces. Among the millions of species on earth, humans are truly unique. What is the recipe of our success? What makes us special? How do we decide? How will we further evolve? What...
Persistent link: https://www.econbiz.de/10014139846
We have seen that self-organizing systems can be very effective and efficient, but their macro-level behavior crucially depends on the interaction rules, interaction strength, and institutional settings. To get things right, it's important to understand the factors that drive the dynamics of the...
Persistent link: https://www.econbiz.de/10014140196
The world is changing at an ever-increasing pace. And it has changed in a much more fundamental way than one would think, primarily because it has become more connected and interdependent than in our entire history. Every new product, every new invention can be combined with those that existed...
Persistent link: https://www.econbiz.de/10013025799
We need a "Galilean" paradigm shift in thinking, from a component-oriented, individually centered view to an interaction-oriented, systemic view. When combined with the new opportunities created by Information and Communication Technologies, such a paradigm shift will lead us to a...
Persistent link: https://www.econbiz.de/10013031345
The Internet and Social Media change our way of decision-making. We are no longer the independent decision makers we used to be. Instead, we have become networked minds, social decision-makers, more than ever before. This has several fundamental implications. First of all, our economic theories...
Persistent link: https://www.econbiz.de/10013075388