Nonlinearity, Bounded Rationality, and Heterogeneity Some Aspects of Market Economies as Complex Systems /

• Main Author: Onozaki, Tamotsu (Author, http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Tokyo : Springer Japan : Imprint: Springer, 2018.
• Edition: 1st ed. 2018.
• Subjects: Economic theory.; Economic policy.; Economics.; International economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Political Economy/Economic Systems.; International Economics.

This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are "nonlinearity," "bounded rationality" and "heterogeneity,&...