Modeling Complexity In Economic And Social Systems

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Modeling Complexity in Economic and Social Systems

Author : Frank Schweitzer
Publisher : World Scientific
ISBN 13 : 9789812380357
Total Pages : 408 pages
Book Rating : 4.3/5 (83 download)

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Book Synopsis Modeling Complexity in Economic and Social Systems by : Frank Schweitzer

Download or read book Modeling Complexity in Economic and Social Systems written by Frank Schweitzer and published by World Scientific. This book was released on 2002 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Simplicity of Complexity in Economic and Social Systems

Author : Dariusz Grech
Publisher : Springer
ISBN 13 : 9783030561628
Total Pages : 130 pages
Book Rating : 4.5/5 (616 download)

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Book Synopsis Simplicity of Complexity in Economic and Social Systems by : Dariusz Grech

Download or read book Simplicity of Complexity in Economic and Social Systems written by Dariusz Grech and published by Springer. This book was released on 2021-11-23 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Social Self-Organization

Author : Dirk Helbing
Publisher : Springer
ISBN 13 : 3642240046
Total Pages : 341 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis Social Self-Organization by : Dirk Helbing

Download or read book Social Self-Organization written by Dirk Helbing and published by Springer. This book was released on 2012-05-05 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the principles that keep our society together? This question is even more difficult to answer than the long-standing question, what are the forces that keep our world together. However, the social challenges of humanity in the 21st century ranging from the financial crises to the impacts of globalization, require us to make fast progress in our understanding of how society works, and how our future can be managed in a resilient and sustainable way. This book can present only a few very first steps towards this ambitious goal. However, based on simple models of social interactions, one can already gain some surprising insights into the social, ``macro-level'' outcomes and dynamics that is implied by individual, ``micro-level'' interactions. Depending on the nature of these interactions, they may imply the spontaneous formation of social conventions or the birth of social cooperation, but also their sudden breakdown. This can end in deadly crowd disasters or tragedies of the commons (such as financial crises or environmental destruction). Furthermore, we demonstrate that classical modeling approaches (such as representative agent models) do not provide a sufficient understanding of the self-organization in social systems resulting from individual interactions. The consideration of randomness, spatial or network interdependencies, and nonlinear feedback effects turns out to be crucial to get fundamental insights into how social patterns and dynamics emerge. Given the explanation of sometimes counter-intuitive phenomena resulting from these features and their combination, our evolutionary modeling approach appears to be powerful and insightful. The chapters of this book range from a discussion of the modeling strategy for socio-economic systems over experimental issues up the right way of doing agent-based modeling. We furthermore discuss applications ranging from pedestrian and crowd dynamics over opinion formation, coordination, and cooperation up to conflict, and also address the response to information, issues of systemic risks in society and economics, and new approaches to manage complexity in socio-economic systems. Selected parts of this book had been previously published in peer reviewed journals.

Simplicity of Complexity in Economic and Social Systems

Author : Dariusz Grech
Publisher : Springer Nature
ISBN 13 : 3030561607
Total Pages : 130 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Simplicity of Complexity in Economic and Social Systems by : Dariusz Grech

Download or read book Simplicity of Complexity in Economic and Social Systems written by Dariusz Grech and published by Springer Nature. This book was released on 2020-11-08 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Complexity in Economic and Social Systems

Author : Stanisław Drożdż
Publisher : MDPI
ISBN 13 : 3036507949
Total Pages : 534 pages
Book Rating : 4.0/5 (365 download)

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Book Synopsis Complexity in Economic and Social Systems by : Stanisław Drożdż

Download or read book Complexity in Economic and Social Systems written by Stanisław Drożdż and published by MDPI. This book was released on 2021-05-11 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Theories and Simulations of Complex Social Systems

Author : Vahid Dabbaghian
Publisher : Springer Science & Business Media
ISBN 13 : 3642391494
Total Pages : 204 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Theories and Simulations of Complex Social Systems by : Vahid Dabbaghian

Download or read book Theories and Simulations of Complex Social Systems written by Vahid Dabbaghian and published by Springer Science & Business Media. This book was released on 2013-10-27 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research into social systems is challenging due to their complex nature. Traditional methods of analysis are often difficult to apply effectively as theories evolve over time. This can be due to a lack of appropriate data, or too much uncertainty. It can also be the result of problems which are not yet understood well enough in the general sense so that they can be classified, and an appropriate solution quickly identified. Simulation is one tool that deals well with these challenges, fits in well with the deductive process, and is useful for testing theory. This field is still relatively new, and much of the work is necessarily innovative, although it builds upon a rich and varied foundation. There are a number of existing modelling paradigms being applied to complex social systems research. Additionally, new methods and measures are being devised through the process of conducting research. We expect that readers will enjoy the collection of high quality research works from new and accomplished researchers.

Complexity and the Economy

Author : W. Brian Arthur
Publisher : Oxford University Press, USA
ISBN 13 : 0199334293
Total Pages : 241 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Complexity and the Economy by : W. Brian Arthur

Download or read book Complexity and the Economy written by W. Brian Arthur and published by Oxford University Press, USA. This book was released on 2015 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.

Microeconomics of Interactive Economies

Author : Wolfram Elsner
Publisher : Edward Elgar Publishing
ISBN 13 : 1781953406
Total Pages : 267 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis Microeconomics of Interactive Economies by : Wolfram Elsner

Download or read book Microeconomics of Interactive Economies written by Wolfram Elsner and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 'Non-Toxic' Intermediate Textbook 'Here, at last, we have the ideal textbook for microeconomics from an evolutionary and institutional perspective. Wolfram Elsner does nothing less than reconstruct the principles of microeconomics for a world of interactive business networks, change and innovation, crisis and uncertainty, as well as coordination problems and cooperative joint ventures. The publication of this book is a landmark event in microeconomics.' – Phillip A. O'Hara, Curtin University of Technology, Perth, Australia and President-Elect of AFEE, 2012 'This microeconomics textbook by Wolfram Elsner provides a timely alternative for understanding the micro roots of uncertainty, complexity and crisis. The evolutionary and institutional perspective sheds new light on contemporary issues such as clusters, networks, innovation and coordination. By reading this textbook, teachers, students and practitioners will open their minds to new economic thinking.' – Ping Chen, Peking University, Beijing, Fudan University, Shanghai, China and author of Economic Complexity and Equilibrium Illusion This thorough reconstruction of microeconomics 'post-2008' provides economic students with a new way of real-world understanding and strategic qualification that will be better appreciated by their future employers and any professional practice. It will prove essential for economic students and other social science programs at a graduate level. This accessible and engaging textbook includes: • A survey of the most famous core models of modern microeconomics including the neoclassical approach and its heterodox critiques – Sraffian, Institutionalist, Post-Keynesian and Mirowskian • An introduction to complexity thinking in economics • An introduction to game theory • An introduction to the methods of complex computer simulation • An introduction to strategic behavior • An newly integrated approach to real-world and complexity economics, rather than focusing on neoclassical ('perfect') market equilibrium 'plus a thousand recent extra things on top'. See the companion website – www.microeconomics.us – for teaching material, readings, exams and as a general guide to explore issues raised in the book.

Complex Adaptive Systems

Author : John H. Miller
Publisher : Princeton University Press
ISBN 13 : 1400835526
Total Pages : 285 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Complex Adaptive Systems by : John H. Miller

Download or read book Complex Adaptive Systems written by John H. Miller and published by Princeton University Press. This book was released on 2009-11-28 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the first clear, comprehensive, and accessible account of complex adaptive social systems, by two of the field's leading authorities. Such systems--whether political parties, stock markets, or ant colonies--present some of the most intriguing theoretical and practical challenges confronting the social sciences. Engagingly written, and balancing technical detail with intuitive explanations, Complex Adaptive Systems focuses on the key tools and ideas that have emerged in the field since the mid-1990s, as well as the techniques needed to investigate such systems. It provides a detailed introduction to concepts such as emergence, self-organized criticality, automata, networks, diversity, adaptation, and feedback. It also demonstrates how complex adaptive systems can be explored using methods ranging from mathematics to computational models of adaptive agents. John Miller and Scott Page show how to combine ideas from economics, political science, biology, physics, and computer science to illuminate topics in organization, adaptation, decentralization, and robustness. They also demonstrate how the usual extremes used in modeling can be fruitfully transcended.

Complex Systems and Society

Author : Nicola Bellomo
Publisher : Springer Science & Business Media
ISBN 13 : 1461472423
Total Pages : 90 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Complex Systems and Society by : Nicola Bellomo

Download or read book Complex Systems and Society written by Nicola Bellomo and published by Springer Science & Business Media. This book was released on 2013-05-24 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work aims to foster the interdisciplinary dialogue between mathematicians and socio-economic scientists. Interaction among scholars and practitioners traditionally coming from different research areas is necessary more than ever in order to better understand many real-world problems we face today. On the one hand, mathematicians need economists and social scientists to better address the methodologies they design in a more realistic way; on the other hand, economists and social scientists need to be aware of sound mathematical modelling tools in order to understand and, ultimately, solve the complex problems they encounter in their research. With this goal in mind, this work is designed to take into account a multidisciplinary approach that will encourage the transfer of knowledge, ideas, and methodology from one discipline to the other. In particular, the work has three main themes: Demystifying and unravelling complex systems; Introducing models of individual behaviours in the social and economic sciences; Modelling socio-economic sciences as complex living systems. Specific tools examined in the work include a recently developed modelling approach using stochastic game theory within the framework of statistical mechanics and progressing up to modeling Darwinian evolution. Special attention is also devoted to social network theory as a fundamental instrument for the understanding of socio-economic systems.

Agent-Based Approaches in Economic and Social Complex Systems VI

Author : Shu-Heng Chen
Publisher : Springer Science & Business Media
ISBN 13 : 4431539077
Total Pages : 202 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Agent-Based Approaches in Economic and Social Complex Systems VI by : Shu-Heng Chen

Download or read book Agent-Based Approaches in Economic and Social Complex Systems VI written by Shu-Heng Chen and published by Springer Science & Business Media. This book was released on 2011-01-12 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Social-Behavioral Modeling for Complex Systems

Author : Paul K. Davis
Publisher : John Wiley & Sons
ISBN 13 : 1119484987
Total Pages : 992 pages
Book Rating : 4.1/5 (194 download)

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Book Synopsis Social-Behavioral Modeling for Complex Systems by : Paul K. Davis

Download or read book Social-Behavioral Modeling for Complex Systems written by Paul K. Davis and published by John Wiley & Sons. This book was released on 2019-03-13 with total page 992 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume describes frontiers in social-behavioral modeling for contexts as diverse as national security, health, and on-line social gaming. Recent scientific and technological advances have created exciting opportunities for such improvements. However, the book also identifies crucial scientific, ethical, and cultural challenges to be met if social-behavioral modeling is to achieve its potential. Doing so will require new methods, data sources, and technology. The volume discusses these, including those needed to achieve and maintain high standards of ethics and privacy. The result should be a new generation of modeling that will advance science and, separately, aid decision-making on major social and security-related subjects despite the myriad uncertainties and complexities of social phenomena. Intended to be relatively comprehensive in scope, the volume balances theory-driven, data-driven, and hybrid approaches. The latter may be rapidly iterative, as when artificial-intelligence methods are coupled with theory-driven insights to build models that are sound, comprehensible and usable in new situations. With the intent of being a milestone document that sketches a research agenda for the next decade, the volume draws on the wisdom, ideas and suggestions of many noted researchers who draw in turn from anthropology, communications, complexity science, computer science, defense planning, economics, engineering, health systems, medicine, neuroscience, physics, political science, psychology, public policy and sociology. In brief, the volume discusses: Cutting-edge challenges and opportunities in modeling for social and behavioral science Special requirements for achieving high standards of privacy and ethics New approaches for developing theory while exploiting both empirical and computational data Issues of reproducibility, communication, explanation, and validation Special requirements for models intended to inform decision making about complex social systems

Simulating Social Complexity

Author : Bruce Edmonds
Publisher : Springer
ISBN 13 : 3319669486
Total Pages : 838 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Simulating Social Complexity by : Bruce Edmonds

Download or read book Simulating Social Complexity written by Bruce Edmonds and published by Springer. This book was released on 2017-11-24 with total page 838 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines all aspects of using agent or individual-based simulation. This approach represents systems as individual elements having their own set of differing states and internal processes. The interactions between elements in the simulation represent interactions in the target systems. What makes this "social" is that it can represent an observed society. Social systems include all those systems where the components have individual agency but also interact with each other. This includes human societies and groups, but also increasingly socio-technical systems where the internet-based devices form the substrate for interaction. These systems are central to our lives, but are among the most complex known. This poses particular problems for those who wish to understand them. The complexity often makes analytic approaches infeasible but, on the other hand, natural language approaches are also inadequate for relating intricate cause and effect. This is why individual and agent-based computational approaches hold out the possibility of new and deeper understanding of such systems. This handbook marks the maturation of this new field. It brings together summaries of the best thinking and practices in this area from leading researchers in the field and constitutes a reference point for standards against which future methodological advances can be judged. This second edition adds new chapters on different modelling purposes and applying software engineering methods to simulation development. Revised existing content will keep the book up-to-date with recent developments. This volume will help those new to the field avoid "reinventing the wheel" each time, and give them a solid and wide grounding in the essential issues. It will also help those already in the field by providing accessible overviews of current thought. The material is divided into four sections: Introduction, Methodology, Mechanisms, and Applications. Each chapter starts with a very brief section called ‘Why read this chapter?’ followed by an abstract, which summarizes the content of the chapter. Each chapter also ends with a section on ‘Further Reading’. Whilst sometimes covering technical aspects, this second edition of Simulating Social Complexity is designed to be accessible to a wide range of researchers, including both those from the social sciences as well as those with a more formal background. It will be of use as a standard reference text in the field and also be suitable for graduate level courses.

Agent-Based Approaches in Economic and Social Complex Systems VIII

Author : Yutaka Nakai
Publisher : Springer
ISBN 13 : 4431552367
Total Pages : 204 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Agent-Based Approaches in Economic and Social Complex Systems VIII by : Yutaka Nakai

Download or read book Agent-Based Approaches in Economic and Social Complex Systems VIII written by Yutaka Nakai and published by Springer. This book was released on 2015-06-05 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Eighth International Workshop on Agent-Based Approaches in Economic and Social Complex Systems held in Tokyo, Japan, in 2013. At the workshop, 23 reviewed full papers were presented and of those, 13 were selected to be included in this volume.

Agent-Based Approaches in Economic and Social Complex Systems VII

Author : Tadahiko Murata
Publisher : Springer Science & Business Media
ISBN 13 : 4431542795
Total Pages : 248 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Agent-Based Approaches in Economic and Social Complex Systems VII by : Tadahiko Murata

Download or read book Agent-Based Approaches in Economic and Social Complex Systems VII written by Tadahiko Murata and published by Springer Science & Business Media. This book was released on 2013-05-14 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Seventh International Workshop on Agent-Based Approaches in Economic and Social Complex Systems held in Osaka, Japan, in 2012. At the workshop, 24 reviewed full papers were presented, and of those, 17 were selected to be included in this volume. The papers are divided into two groups as "Fundamentals of Agent-Based Modeling" and "Applications of Agent-Based Modeling".

The Complex Dynamics of Economic Interaction

Author : Mauro Gallegati
Publisher : Springer Science & Business Media
ISBN 13 : 3642170455
Total Pages : 404 pages
Book Rating : 4.6/5 (421 download)

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Book Synopsis The Complex Dynamics of Economic Interaction by : Mauro Gallegati

Download or read book The Complex Dynamics of Economic Interaction written by Mauro Gallegati and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy is examined by the authors as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.

Modeling and Visualization of Complex Systems and Enterprises

Author : William B. Rouse
Publisher : John Wiley & Sons
ISBN 13 : 1118959639
Total Pages : 296 pages
Book Rating : 4.1/5 (189 download)

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Book Synopsis Modeling and Visualization of Complex Systems and Enterprises by : William B. Rouse

Download or read book Modeling and Visualization of Complex Systems and Enterprises written by William B. Rouse and published by John Wiley & Sons. This book was released on 2015-07-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains multi-level models of enterprise systems and coversmodeling methodology This book addresses the essential phenomena underlying theoverall behaviors of complex systems and enterprises. Understanding these phenomena can enable improving these systems.These phenomena range from physical, behavioral, andorganizational, to economic and social, all of which involvesignificant human components. Specific phenomena of interest andhow they are represented depend on the questions of interest andthe relevant domains or contexts. Modeling and Visualization ofComplex Systems and Enterprises examines visualization of phenomenaand how understanding the relationships among phenomena can providethe basis for understanding where deeper exploration is warranted.The author also reviews mathematical and computational models,defined very broadly across disciplines, which can enable deeperunderstanding. Presents a 10 step methodology for addressingquestions associated with the design or operation of complexsystems and enterprises Examines six archetypal enterprise problemsincluding two from healthcare, two from urban systems, and one eachfrom financial systems and defense systems Provides an introduction to the nature of complexsystems, historical perspectives on complexity and complex adaptivesystems, and the evolution of systems practice Modeling and Visualization of Complex Systems andEnterprises is written for graduate students studying systemsscience and engineering and professionals involved in systemsscience and engineering, those involved in complex systems such ashealthcare delivery, urban systems, sustainable energy, financialsystems, and national security.