Commerce, Complexity, and Evolution

Herausgeber: Barnett, William A.; Keen, Steve; Chiarella, Carl

• Gebundenes Buch

Produktbeschreibung

Commerce, Complexity, and Evolution is a significant contribution to the new paradigm - straddling economics, finance, marketing, and management - which acknowledges that commercial systems are evolutionary, and must therefore be analysed using evolutionary tools. Evolutionary systems display complicated behaviours which are to a significant degree generated endogenously, rather than being solely the product of exogenous shocks, hence the conjunction of complexity with evolution. This volume considers a wide range of systems, from the entire economy at one extreme to the behaviour of single markets at the other. The papers are united by methodologies which at their core are evolutionary, though the techniques cover a wide range, from philosophical discourse to differential equations, genetic algorithms, multi-agent simulations and cellular automata. Issues considered include the dynamics of debt-deflation, stock management in a complex environment, interactions between consumers and its effect upon market bahaviour, and nonlinear methods to profit from financial market volatility.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 424
• Erscheinungstermin: 4. November 2014
• Englisch
• Abmessung: 235mm x 157mm x 27mm
• Gewicht: 762g
• ISBN-13: 9780521620307
• ISBN-10: 0521620309
• Artikelnr.: 22253203

Inhaltsangabe

Part I. The Philosophical and Methodological Implications of Complexity and
Evolution in Economic Systems: 1. Towards a generalized coase theorem: a
theory of the emergence of social and institutional structures under
imperfect information Bertin Martens; 2. Universal Darwinism and social
research: the case of economics John Nightingale; 3. Uncertainty, risk and
chaos James Juniper; 4. The role of innovation within economics Russell K.
Standish; Part II. Finance and the Macro-economy: 5. The nonlinear
economics of debt deflation Steve Keen; 6. The emergence of complex
dynamics in a 'naturally' nonlinear integrated Keynesian model of monetary
growth Carl Chiarella and Peter Flaschel; 7. Stochastic volatility in
interest rates and complex dynamics in velocity William A. Barnett and
Haiyang Xu; 8. A genetic programming-based approach to generation of
foreign exchange trading models Andrew Colin; 9. Hybrid option pricing
using an optimal weighted implied standard deviation Paul Lajbcygier,
Andrew Flitman and Mairmuthu Palaniswami; Part III. Market and Sectoral
Dynamics: 10. Evolutionary patterns of multisectoral growth dynamics
Hermann Schnabl; 11. The detection of evolutionary change in nonlinear
economic processes: a new statistical methodology John Foster and Phillip
Wild; 12. Ergodic chaos in a piecewise linear cobweb model Akio Matsumato;
13. The cobweb model and a modified genetic algorithm Janice Gaffney,
Krystyna Parrott and Franz Salzborn; 14. On the convergence of genetic
learning algorithms, with particular reference to recent cobweb models C.
E. M. Pearce; Part IV. Marketing and Interdependent Behaviour: 15. A
complex systems simulation approach to evaluating plan-based and reactive
trading strategies Robert B. Johnson and John M. Betts; 16. Genetic
algorithms and evolutionary games Xin Yao and Paul Darwen; 17. Evolved
perception and the validation of simulation models Robert Marks; 18. The
application of cellular automata and agent models to network externalities
in consumers' theory: a generalization of life game Sobei H. Oda, Ken
Miura, Kanji Ueda and Yasunori Baba; 19. Engendering change Joshua S. Gans.