Name: Complexity in Economics: Emerging macro behaviour from micro interactions
SKU: 57536131
Price: 394.00 ZAR
Availability: InStock
Author: Ninka, Eniel
ISBN: 9781502782502

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Complexity in Economics: Emerging macro behaviour from micro interactions

Type

Physical Book

Author

Eniel Ninka

Publisher

Createspace

Language

English

Pages

124

Format

Paperback

Dimensions

25.4x17.8x0.7 cm

Weight

0.23 kg.

ISBN13

9781502782502

Synopsis "Complexity in Economics: Emerging macro behaviour from micro interactions"

In this book we depart from the General Equilibrium theory with its godlike Walrasian Auctioneer and fully rational and perfectly foresighted agents. We build an evolving network of fully decentralized trades among bounded rational, adaptive agents, where explanations are not derived deductively, but generated from the analysis of interactions. The aim of this work is to build a model which, through simple rules of behaviour of agents at an individual level, manages to produce some empirical regularities at a micro and at a macro level. Such a model could be used in the future as a computational laboratory for conducting policy experiments.

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Complexity in Economics: Emerging macro behaviour from micro interactions - Ninka, Eniel

Synopsis "Complexity in Economics: Emerging macro behaviour from micro interactions"

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