The Complex Dynamics of Economic Interaction: Essays in Economics and Econophysics (2004) (Lecture Notes in Economics and Mathematical Systems #531)
By: and and
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- Synopsis
- The economy is examined by the authors as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.
- Copyright:
- 2004
Book Details
- Book Quality:
- Publisher Quality
- ISBN-13:
- 9783642170454
- Related ISBNs:
- 9783540404972
- Publisher:
- Springer Berlin Heidelberg
- Date of Addition:
- 08/12/22
- Copyrighted By:
- N/A
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Science, Business and Finance, Mathematics and Statistics
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.
- Edited by:
- Mauro Gallegati
- Edited by:
- Alan P. Kirman
- Edited by:
- Matteo Marsili
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- by Mauro Gallegati
- by Alan P. Kirman
- by Matteo Marsili
- in Nonfiction
- in Science
- in Business and Finance
- in Mathematics and Statistics