Complexity Hints for Economic Policy (New Economic Windows) - Image 1

£94.50

Springer Complexity Hints for Economic Policy (New Economic Windows)

Name: Complexity Hints for Economic Policy (New Economic Windows)
Brand: Springer
Price: 94.5 GBP
Availability: InStock

Economic Policy & Development

It has never been this cheap. We have no record of a lower price.

£95 today · cheaper than every other day in the last 3 months

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 46 days • 46 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 46 days • 1 price levels

Days at Price

Price Analysis

Most common price: £95 (46 days, 100.0%)

Price range: £95 - £95

Price levels: 1 different prices over 46 days

Description

This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations. From the Back Cover This volume extends the complexity approach to economics. This complexity approach is not a completely new way of doing economics, and that it is a replacement for existing economics, but rather the integration of some new analytic and computational techniques into economists’ bag of tools. It provides some alternative pattern generators, which can supplement existing approaches by providing an alternative way of finding patterns than be obtained by the traditional scientific approach. On this new kind of policy hints can be obtained. The reason why the complexity approach is taking hold now in economics is because the computing technology has advanced. This advance allows consideration of analytical systems that could not previously be considered by economists. Consideration of these systems suggested that the results of the "control-based" models might not extend easily to more complicated systems, and that we now have a method―piggybacking computer assisted analysis onto analytic methods―to start generating patterns that might provide a supplement to the standard approach. It is that approach that we consider the complexity approach. The papers in this volume develop these ideas. In terms of policy the papers suggest that economists should become a bit less certain in their policy conclusions, and that they expand their bag of tools supplementing their standard model with some additional models including (1) agent based models, in which one does not use analytics to develop the pattern, but instead one uses computational power to deal with specification of models that are far beyond analytic solution; and (2) non-linear dynamic stochastic models many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations. The volume is divided into four sections: general issues, modeling issues, applications, and policy issues. Each struggles with complicated ideas related to our general theme, and a number of them try out new techniques.

Product Specifications

Brand: Springer
Format: paperback
ASIN: 8847056004
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Policy & Development
Domain: Amazon UK
Release Date: 30 October 2014
Listed Since: 01 November 2014

Barcode

No barcode data available

Springer Complexity Hints for Economic Policy (New Economic Windows)

It has never been this cheap. We have no record of a lower price.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

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

The Handbook of Agent Based Modelling

Global Economics and Management: Transition to Economy 4.0: Prospects of Fundamental Science Development International Conference 2018 (PFSD 2018): ... Proceedings in Business and Economics)

Springer Behavioral Predictive Modeling in Economics 897

Modeling, Stochastic Control, Optimization, and Applications: 164 (The IMA Volumes in Mathematics and its Applications, 164)

Springer Behavioral Predictive Modeling in Economics 897

Macroeconomics: Institutions, Instability, and Inequality

Springer Selected Issues in Experimental Economics - CMEE 2015

Economics with Heterogeneous Interacting Agents: A Practical Guide to Agent-Based Modeling (New Economic Windows)

Routledge Advancing the Frontiers of Heterodox Economics

Econophysics and Financial Economics: An Emerging Dialogue

Applied Approaches to Societal Institutions and Economics: Essays in Honor of Moriki Hosoe: 18 (New Frontiers in Regional Science: Asian Perspectives, 18)

Springer Decision Economics: Minds, Machines, and Society 990

Applied Approaches to Societal Institutions and Economics: Essays in Honor of Moriki Hosoe: 18 (New Frontiers in Regional Science: Asian Perspectives, 18)

Agent-Based Computer Simulation of Dichotomous Economic Growth: 13 (Advances in Computational Economics, 13)

UPGRADING CHINA'S INFORMATION AND COMMUNICATION TECHNOLOGY INDUSTRY: STATE-FIRM STRATEGIC COORDINATION AND THE GEOGRAPHY OF TECHNOLOGICAL INNOVATION

Macroeconomics at the Service of Public Policy

Internet Economy vs Classic Economy: Struggle of Contradictions: 714 (Studies in Computational Intelligence, 714)

Pluralist Readings in Economics: Key concepts and policy tools for the 21st century

Practicing Professional Ethics in Economics and Public Policy

Causal Inference in Econometrics: 622 (Studies in Computational Intelligence, 622)

Seminar on Stochastic Analysis, Random Fields and Applications VII: Centro Stefano Franscini, Ascona, May 2011: 67 (Progress in Probability, 67)

Springer Industry 4.0: Industrial Revolution of the 21st Century

The Political Economy of Economic Policies