Some Aspects of Market Economies as Complex Systems
by
Tamotsu Onozaki
Language: English
Release Date: January 28, 2018
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,” which also...