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This chapter takes as its starting point the idea that any model of the economy must have heterogeneous agents. Such agents together form a complex adaptive system where the aggregate behavior emerges from the interaction between the individuals. Such systems do not lend themselves to being...
Persistent link: https://www.econbiz.de/10014024351
In this chapter, we assess recent contributions of computational models to the study of politics. We focus primarily on agent-based models developed by economists and political scientists. These models address collective action problems, questions related to institutional design and performance,...
Persistent link: https://www.econbiz.de/10014024376
Although Agent Based Models (hereafter ABM) are now regularly reported in sociology journals, explaining the approach, describing models and reporting results leaves little opportunity to examine wider implications of ABM for sociological practice. This article uses an established ABM (the...
Persistent link: https://www.econbiz.de/10011085128
In this article, the author briefly summarise the characteristics of the science of complexity or post- Bertalanffy … when dealing with the complexity of social systems and related problems that are developing in the post-industrial age … science of complexity contribute to this inadequacy. Finally, the author presents some comments on how the science of systems …
Persistent link: https://www.econbiz.de/10012048004
authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the … (homogeneous or heterogeneous) agents and the environment; ii) emergence and self-organization; iii) the importance of not … complexity studies. …
Persistent link: https://www.econbiz.de/10011372139
authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the … (homogeneous or heterogeneous) agents and the environment; ii) emergence and self-organization; iii) the importance of not … complexity studies. …
Persistent link: https://www.econbiz.de/10011372350
Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the … perceived complexity, and generating social institutions. Boosted by the financial crisis 2008ff., a surge to explore complexity-economics … last three decades, advancing more realistic economics. It converges with long-standing heterodox schools, and its …
Persistent link: https://www.econbiz.de/10011650556
growth of tech firms. In this talk, I argue that the complexity sciences, particularly a simulation methodology known as … individual agency and social structure. Using examples from economics and politics, I illustrate the four principal causes of … complexity in today’s business climate: interaction effects, strategic complexity, ecological complexity, and reflexive …
Persistent link: https://www.econbiz.de/10009480121
evolutionary-institutional economics, and explains how future research would benefit from making the systemist nature of … evolutionary economics more explicit. More precisely, the paper clarifies the ontological and epistemological claims associated … economics and political economy in general, and evolutionary-institutional economics research in particular. …
Persistent link: https://www.econbiz.de/10014581873
authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the … (homogeneous or heterogeneous) agents and the environment; ii) emergence and self-organization; iii) the importance of nonlinearity … complexity studies. …
Persistent link: https://www.econbiz.de/10012234215