This paper develops the formal foundations for the famous phase transition that physicists call `life at the edge of chaos', the domain on which novelty or innovation emerges. For this the computational approach first introduced to game theory by Kenneth Binmore is used with players modelled as...

Few will argue that the epi-phenomena of biological systems and socio-economic systems are anything but complex. The purpose of this Feature is to examine critically and contribute to the burgeoning multi-disciplinary literature on markets as complex adaptive systems (CAS). The new sciences of...

Financial network analysis is used to provide firm level bottom-up holistic visualizations of interconnections of financial obligations in global OTC derivatives markets. This helps to identify Systemically Important Financial Intermediaries (SIFIs), analyse the nature of contagion propagation,...