Complexity In Economic And Social Systems
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Complexity In Economic And Social Systems
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Author : Stanisław Drożdż
language : en
Publisher: MDPI
Release Date : 2021-05-11
Complexity In Economic And Social Systems written by Stanisław Drożdż and has been published by MDPI this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-11 with Business & Economics categories.
There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.
Complexity In Economic And Social Systems
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Author : Stanisław Drożdż
language : en
Publisher:
Release Date : 2021
Complexity In Economic And Social Systems written by Stanisław Drożdż and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.
Modeling Complexity In Economic And Social Systems
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Author : Frank Schweitzer
language : en
Publisher: World Scientific
Release Date : 2002-12-09
Modeling Complexity In Economic And Social Systems written by Frank Schweitzer and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12-09 with Science categories.
Economics and the social sciences are, in fact, the “hard” sciences, as Herbert Simon argued, because the complexity of the problems dealt with cannot simply be reduced to analytically solvable models or decomposed into separate subprocesses. Nevertheless, in recent years, the emerging interdisciplinary “sciences of complexity” have provided new methods and tools for tackling these problems, ranging from complex data analysis to sophisticated computer simulations. In particular, advanced methods developed in the natural sciences have recently also been applied to social and economic problems. The twenty-one chapters of this book reflect this modern development from various modeling perspectives (such as agent-based models, evolutionary game theory, reinforcement learning and neural network techniques, time series analysis, non-equilibrium macroscopic dynamics) and for a broad range of socio-economic applications (market dynamics, technological evolution, spatial dynamics and economic growth, decision processes, and agent societies). They jointly demonstrate a shift of perspective in economics and the social sciences that is allowing a new outlook in this field to emerge. Contents:Market Dynamics:Trading Behavior and Excess Volatility in Toy Markets (M Marsili & D Challet)Percolation Models of Financial Market Dynamics (D Stauffer)Electrodynamical Model of Quasi-Efficient Financial Markets (K N Ilinski & A S Stepanenko)Multi-Agent Market Modeling of Foreign Exchange Rates (G Zimmermann et al.)Forecasting Price Increments Using an Artificial Neural Network (F Castiglione)Spectral Regularization, Data Complexity and Agent Behavior (A Ilyinsky)Technological Evolution:Dynamics of Economic and Technological Search Processes in Complex Adaptive Landscapes (W Ebeling et al.)New Results in a Self-Organized Model of Technological Evolution (A Arenas et al.)Firms' Decision-Making Process in an Evolutionary Model of Industrial Dynamics (W Kwasnicki)Spatial Dynamics and Economic Growth:Modelling Migration and Economic Agglomeration with Active Brownian Particles (F Schweitzer)The Evolution of Industrial Clusters — Simulating Spatial Dynamics (T Brenner & N Weigelt)The Growth Dynamics of German Business Firms (J Voit)A Dynamic Theory of a Firm: An Application of ‘Economic Forces’ (M Estola)Decision Processes:Adaptive Platform Dynamics in Multi-Party Spatial Voting (B M R Stadler)Subtle Nonlinearity in Popular Album Charts (R A Bentley & H D G Maschner)Dynamical Aspects in the Adoption of Agri-Environmental Measures (G Weisbuch & G Boudjema)Collective Choice and Mutual Knowledge Structures (D Richards et al.)Agent Societies:Evolutionary Study of Interethnic Co-Operation (V Kvasnicka & J Pospichal)Coalition Factor in the Evolution of Non-Kin Altruism (J-L Dessalles)Optimal Payoff Functions for Members of Collectives (D H Wolpert & K Tumer)A Day at the Beach: Human Agents Self-Organizing on the Sand Pile (H Ishii et al.) Readership: Researchers in the field of complex system science, economists, sociologists, physicists with an interdisciplinary focus, graduates, and professionals. Keywords:
Simplicity Of Complexity In Economic And Social Systems
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Author : Dariusz Grech
language : en
Publisher: Springer Nature
Release Date : 2020-11-08
Simplicity Of Complexity In Economic And Social Systems written by Dariusz Grech and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-08 with Science categories.
This book presents the Proceedings of the 54th Winter School of Theoretical Physics on Simplicity of Complexity in Economic and Social Systems, held in Lądek Zdrój, Poland, from 18 to 24 February 2018. The purpose of the book is to introduce the new interdisciplinary research that links statistical physics, and particular attention is given to link physics of complex systems, with financial analysis and sociology. The main tools used in these areas are numerical simulation of agents behavior and the interpretation of results with the help of complexity methods, therefore a background in statistical physics and in physics of phase transition is necessary to take the first steps towards these research fields called econophysics and sociophysics. In this perspective, the book is intended to graduated students and young researchers who want to begin the study of this established new area, which connects physicists, economists, sociologists and IT professionals, to better understand complexity phenomena existing not only in physics but also in complex systems being seemingly far from traditional view at physics.
Simplicity Of Complexity In Economic And Social Systems
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Author : Dariusz Grech
language : en
Publisher:
Release Date : 2021
Simplicity Of Complexity In Economic And Social Systems written by Dariusz Grech and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
This book presents the Proceedings of the 54th Winter School of Theoretical Physics on Simplicity of Complexity in Economic and Social Systems, held in Lądek Zdrój, Poland, from 18 to 24 February 2018. The purpose of the book is to introduce the new interdisciplinary research that links statistical physics, and particular attention is given to link physics of complex systems, with financial analysis and sociology. The main tools used in these areas are numerical simulation of agents behavior and the interpretation of results with the help of complexity methods, therefore a background in statistical physics and in physics of phase transition is necessary to take the first steps towards these research fields called econophysics and sociophysics. In this perspective, the book is intended to graduated students and young researchers who want to begin the study of this established new area, which connects physicists, economists, sociologists and IT professionals, to better understand complexity phenomena existing not only in physics but also in complex systems being seemingly far from traditional view at physics.
Deep Complexity And The Social Sciences
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Author : Robert Delorme
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010
Deep Complexity And The Social Sciences written by Robert Delorme and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Economics categories.
This title will become the key reference in the field of complex economic systems. It is a thorough and systematic treatment of complexity.
Complexity And The Art Of Public Policy
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Author : David Colander
language : en
Publisher: Princeton University Press
Release Date : 2016-02-16
Complexity And The Art Of Public Policy written by David Colander and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-16 with Business & Economics categories.
How ideas in complexity can be used to develop more effective public policy Complexity science—made possible by modern analytical and computational advances—is changing the way we think about social systems and social theory. Unfortunately, economists' policy models have not kept up and are stuck in either a market fundamentalist or government control narrative. While these standard narratives are useful in some cases, they are damaging in others, directing thinking away from creative, innovative policy solutions. Complexity and the Art of Public Policy outlines a new, more flexible policy narrative, which envisions society as a complex evolving system that is uncontrollable but can be influenced. David Colander and Roland Kupers describe how economists and society became locked into the current policy framework, and lay out fresh alternatives for framing policy questions. Offering original solutions to stubborn problems, the complexity narrative builds on broader philosophical traditions, such as those in the work of John Stuart Mill, to suggest initiatives that the authors call "activist laissez-faire" policies. Colander and Kupers develop innovative bottom-up solutions that, through new institutional structures such as for-benefit corporations, channel individuals’ social instincts into solving societal problems, making profits a tool for change rather than a goal. They argue that a central role for government in this complexity framework is to foster an ecostructure within which diverse forms of social entrepreneurship can emerge and blossom.
Agent Based Approaches In Economic And Social Complex Systems Vi
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Author : Shu-Heng Chen
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-01-12
Agent Based Approaches In Economic And Social Complex Systems Vi written by Shu-Heng Chen and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-12 with Social Science categories.
Agent-based modeling/simulation is an emergent approach to the analysis of social and economic systems. It provides a bottom-up experimental method to be applied to social sciences such as economics, management, sociology, and politics as well as some engineering fields dealing with social activities. This book includes selected papers presented at the Sixth International Workshop on Agent-Based Approaches in Economic and Social Complex Systems held in Taipei in 2009. We have 39 presentations in the conference, and 14 papers are selected to be included in this volume. These 14 papers are then grouped into six parts: Agent-based financial markets; Financial forecasting and investment; Cognitive modeling of agents; Complexity and policy analysis; Agent-based modeling of good societies; and Miscellany. The research presented here shows the state of the art in this rapidly growing field.
Managing Complexity In Social Systems
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Author : Christoph E. Mandl
language : en
Publisher: Springer
Release Date : 2019-02-21
Managing Complexity In Social Systems written by Christoph E. Mandl and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-21 with Business & Economics categories.
Why do policies and strategies often fail, and what can be done about it? How can complexity be managed in cases where it cannot be reduced? The answers to these questions are anything but trivial, and can only be found by combining insights from complexity science, system dynamics, system theory and systems thinking. Rooted in the seminal works of Gregory Bateson, Jay Forrester, Donella Meadows, Peter Senge, W. Brian Arthur, John Sterman and Thomas Schelling, this book bridges the gap between rigorous science and real-life experience to explore the potential and limitations of leverage points in implementing policies and strategies. It also presents diagnostic tools to help recognize system archetypes, as well as the powerful language of stock and flow diagrams, which allows us to think in terms of circular causality. These tools are subsequently employed to thoroughly analyze particularly thorny problems such as global climate change, the tragedy of the commons, path dependence, diffusion of innovations, and exponential growth of inequality.
Decoding Complexity
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Author : james glattfelder
language : en
Publisher: Springer
Release Date : 2014-12-14
Decoding Complexity written by james glattfelder and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-14 with Science categories.
Today it appears that we understand more about the universe than about our interconnected socio-economic world. In order to uncover organizational structures and novel features in these systems, we present the first comprehensive complex systems analysis of real-world ownership networks. This effort lies at the interface between the realms of economics and the emerging field loosely referred to as complexity science. The structure of global economic power is reflected in the network of ownership ties of companies and the analysis of such ownership networks has possible implications for market competition and financial stability. Thus this work presents powerful new tools for the study of economic and corporate networks that are only just beginning to attract the attention of scholars.