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This article proposes alternative measures of immigrant integration founded in information theory. By considering differences in the hetero- geneity of outcomes between immigrants and natives, the proposed mea- sures provide robust and non-parametric estimates of the extent to which cohorts...
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In this article I clarify the often muddled distinctions between uncertainty, difficulty, and complexity and show that … problem-solving approaches; and to harness complexity, institutions adjust selection criteria, rates of variation, and the …
Persistent link: https://www.econbiz.de/10010777943
Requisite variety and intercultural teams: To what extent is Ashby's law useful? The “Law of Requisite Variety” (LRV) is frequently evoked to explain the design, functioning and performance of intercultural teams. But to what extent does the law really enhance understanding in this...
Persistent link: https://www.econbiz.de/10008788860
Purpose – This paper proposes that a developed awareness of and openness to diversity supports people management and … also the ability to work in an ever more complex business environment. Diversity begins from an understanding of one's own … diversity – the richness of one's own history, skills, capabilities and passions. This diverse awareness is a key management and …
Persistent link: https://www.econbiz.de/10015015198
We analyze the individual and macroeconomic impacts of heterogeneous expectations and action rules within an agent-based model populated by heterogeneous, interacting firms. Agents have to cope with a complex evolving economy characterized by deep uncertainty resulting from technical change,...
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Interacting agents in finance represent a behavioral, agent-based approach in which financial markets are viewed as complex adaptive systems consisting of many boundedly rational agents interacting through simple heterogeneous investment strategies, constantly adapting their behavior in response...
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