Title
Complexity And The Economy
Delivery time: 8-12 business days (International)
Economics Is Changing. In The Last Few Years It Has Generated A Number Of New Approaches. One Of The Most Promising Complexity Economics Was Pioneered In The 1980S And 1990S By A Small Team At The Santa Fe Institute. Economist And Complexity Theorist W. Brian Arthur Led That Team, And In This Book He Collects Many Of His Articles On This New Approach. The Traditional Framework Sees Behavior In The Economy As In An Equilibrium Steady State. People In The Economy Face Welldefined Problems And Use Perfect Deductive Reasoning To Base Their Actions On. The Complexity Framework, By Contrast, Sees The Economy As Always In Process, Always Changing. People Try To Make Sense Of The Situations They Face Using Whatever Reasoning They Have At Hand, And Together Create Outcomes They Must Individually React To Anew. The Resulting Economy Is Not A Wellordered Machine, But A Complex Evolving System That Is Imperfect, Perpetually Constructing Itself Anew, And Brimming With Vitality.The New Vision Complements And Widens The Standard One, And It Helps Answer Many Questions: Why Does The Stock Market Show Moods And A Psychology? Why Do Hightech Markets Tend To Lock In To The Dominance Of One Or Two Very Large Players? How Do Economies Form, And How Do They Continually Alter In Structure Over Time?The Papers Collected Here Were Among The First To Use Evolutionary Computation, Agentbased Modeling, And Cognitive Psychology. They Cover Topics As Disparate As How Markets Form Out Of Beliefs; How Technology Evolves Over The Long Span Of Time; Why Systems And Bureaucracies Get More Complicated As They Evolve; And How Financial Crises Can Be Foreseen And Prevented In The Future.
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
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