Untertitel:: New Economic Windows
Herausgeber:: Massimo Salzano / David Colander
Verlag:: Springer Italia
Erschienen:: 15.05.2007
Seitenanzahl:: 311
ISBN:: 8847005345
EAN:: 9788847005341
Format:: eBook
Schutz:: Dig. Wass.
Downloadzeit:: Maximaler Downloadzeitraum: 24 Monate

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Complexity Hints for Economic Policy

<P>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.</P>