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Complexity Hints for Economic Policy (New Economic Windows) PDF

323 Pages·2007·6.125 MB·English
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by Massimo Salzano (Editor), David Colander (Editor)| 2007| 323 pages| 6.125| English

About Complexity Hints for Economic Policy (New Economic Windows)

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.

Detailed Information

Author:Massimo Salzano (Editor), David Colander (Editor)
Publication Year:2007
ISBN:9788847005341
Pages:323
Language:English
File Size:6.125
Format:PDF
Price:FREE
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