Get Complexity hints for economic policy (New Economic Windows) PDF

By Massimo Salzano, David Colander

ISBN-10: 8847005337

ISBN-13: 9788847005334

This e-book considers the advantages of complexity, suggesting that economists should still develop into a piece much less definite of their coverage conclusions. A broader variety of types would come with agent-based types, which use computational energy to house specification of versions which are some distance past analytic resolution; and non-linear dynamic stochastic types, a lot of that are past analytic resolution, yet whose nature will be stumbled on by means of a mixture of analytics and computing device simulations.

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Additional info for Complexity hints for economic policy (New Economic Windows)

Sample text

Human rationality therefore re-acquires the specific features that distinguish our species from the others, features that are completely neglected by substantive rationality and, to some extent, also by adaptive procedural rationality3. The latter may be considered as a limiting case of designing rationality when the set of options is given and invariant. Expectations, learning and rationality Coming back to the Interaction, after the implementation of the option chosen the economic agent observes its consequences.

J. 337-368. J. 1306-22. , and (1944): Theory of Games and Economic Behaviour, Princeton University Press, Princeton. , and A. 479-502. 30 A. , (1986): Foundations of soft decision theory, in J. R. , Management Decision Support Systems Using Fuzzy Sets and Possibility Theory, Verlag TUV, Rheinland, Köln. , (1990): Keynesian uncertainty and the weight of arguments, Economics and Philosophy, 6, pp. 275-292. 129-144. , (1993): Bounded Rationality in Macroeconomics, MIT Press, Boston. , (1954): The Foundations of Statistics, John Wiley and Sons, New York.

And A. 479-502. 30 A. , (1986): Foundations of soft decision theory, in J. R. , Management Decision Support Systems Using Fuzzy Sets and Possibility Theory, Verlag TUV, Rheinland, Köln. , (1990): Keynesian uncertainty and the weight of arguments, Economics and Philosophy, 6, pp. 275-292. 129-144. , (1993): Bounded Rationality in Macroeconomics, MIT Press, Boston. , (1954): The Foundations of Statistics, John Wiley and Sons, New York. Revised and enlarged edition, Dover, New York, 1972. , (1982): Subjective probability without additivity, Working Paper, Foerder Institute for Economic Research, Tel Aviv University.

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Complexity hints for economic policy (New Economic Windows) by Massimo Salzano, David Colander


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