Coping with the Complexity of Economics

• Corporate Author: SpringerLink (Online service)
• Other Authors: Faggini, Marisa (Editor), Lux, Thomas (Editor)
• Format: Electronic eBook
• Language: English
• Published: Milano : Springer Milan, 2009.
• Series: New Economic Windows
• Subjects: Physics.; Behavioral sciences.; Game theory.; Statistical physics.; Dynamical systems.; Economics.; Management science.; Statistical Physics, Dynamical Systems and Complexity.; Economics, general.; Behavioral Sciences.; Game Theory, Economics, Social and Behav. Sciences.

The purpose of the science of complexity is to provide, if not a unified approach, at least useful tools to tackling complex problems in various scientific domains. Generally, complexity is considered a fundamental challenge to the reductionist approach in science as a whole and to its ideas of cert...

Table of Contents:

• Evolution of Economic Systems
• Evolution of Trust in Economic Systems
• Keynes, Hayek and Complexity
• A look at the relationship between industrial dynamics and aggregate fluctuations
• Quantum Physics and Financial Markets
• Quantum-like Viewpoint on the Complexity and Randomness of the Financial Market
• Classical and Quantum-Like Randomness and the Financial Market
• New Empirical Approaches to Complex Economic Dynamics
• Examination of the Cost-of-Carry Formula for Futures Contracts on WIG20. Wavelet and Nonlinear Cointegration Analysis
• A Complex Approach to Estimate Shadow Economy: The Structural Equation Modelling
• Will house prices rise in 2007? A comparative assessment of house prices in London and Dublin
• Models of Risk Management and Decision Support
• Risk Measuremant and Fair Valuation Assessment in the Life Insurance Field
• Analysis of Qualitative and Quantitative Rankings in Multicriteria Decision Making.