Computable, Constructive and Behavioural Economic Dynamics PDF Download

Author: Stefano Zambelli
Publisher: Routledge
ISBN: 1135272530
Category : Business & Economics
Languages : en
Pages : 560

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Book Description
The book contains thirty original articles dealing with important aspects of theoretical as well as applied economic theory. While the principal focus is on: the computational and algorithmic nature of economic dynamics; individual as well as collective decision process and rational behavior, some contributions emphasize also the importance of classical recursion theory and constructive mathematics for dynamical systems, business cycles theories, growth theories, and others are in the area of history of thought, methodology and behavioural economics. The contributors range from Nobel Laureates to the promising new generation of innovative thinkers. This volume is also a Festschrift in honour of Professor Kumaraswamy Vela Velupillai, the founder of Computable Economics, a growing field of research where important results stemming from classical recursion theory and constructive mathematics are applied to economic theory. The aim and hope is to provide new tools for economic modelling. This book will be of particular appeal to postgraduate students and scholars in one or more of the following fields: computable economics, business cycles, macroeconomics, growth theories, methodology, behavioural economics, financial economics, experimental and agent based economics. It might be also of importance to those interested on the general theme of algorithmic foundations for social sciences.

Author: Stefano Zambelli
Publisher: Routledge
ISBN: 1135272522
Category : Business & Economics
Languages : en
Pages : 812

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Book Description
The book contains thirty original articles dealing with important aspects of theoretical as well as applied economic theory. While the principal focus is on: the computational and algorithmic nature of economic dynamics; individual as well as collective decision process and rational behavior, some contributions emphasize also the importance of classical recursion theory and constructive mathematics for dynamical systems, business cycles theories, growth theories, and others are in the area of history of thought, methodology and behavioural economics. The contributors range from Nobel Laureates to the promising new generation of innovative thinkers. This volume is also a Festschrift in honour of Professor Kumaraswamy Vela Velupillai, the founder of Computable Economics, a growing field of research where important results stemming from classical recursion theory and constructive mathematics are applied to economic theory. The aim and hope is to provide new tools for economic modelling. This book will be of particular appeal to postgraduate students and scholars in one or more of the following fields: computable economics, business cycles, macroeconomics, growth theories, methodology, behavioural economics, financial economics, experimental and agent based economics. It might be also of importance to those interested on the general theme of algorithmic foundations for social sciences.

Author: Shu-Heng Chen
Publisher: Oxford University Press
ISBN: 0199844380
Category : Business & Economics
Languages : en
Pages : 785

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Book Description
The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.

Author: Gregory Chaitin
Publisher: CRC Press
ISBN: 1136587640
Category : Mathematics
Languages : en
Pages : 160

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Book Description
Kurt Gödel (1906-1978) was an Austrian-American mathematician, who is best known for his incompleteness theorems. He was the greatest mathematical logician of the 20th century, with his contributions extending to Einstein’s general relativity, as he proved that Einstein’s theory allows for time machines. The Gödel incompleteness theorem - the usual formal mathematical systems cannot prove nor disprove all true mathematical sentences - is frequently presented in textbooks as something that happens in the rarefied realms of mathematical logic, and that has nothing to do with the real world. Practice shows the contrary though; one can demonstrate the validity of the phenomenon in various areas, ranging from chaos theory and physics to economics and even ecology. In this lively treatise, based on Chaitin’s groundbreaking work and on the da Costa-Doria results in physics, ecology, economics and computer science, the authors show that the Gödel incompleteness phenomenon can directly bear on the practice of science and perhaps on our everyday life. This accessible book gives a new, detailed and elementary explanation of the Gödel incompleteness theorems and presents the Chaitin results and their relation to the da Costa-Doria results, which are given in full, but with no technicalities. Besides theory, the historical report and personal stories about the main character and on this book’s writing process, make it appealing leisure reading for those interested in mathematics, logic, physics, philosophy and computer sciences. See also: http://www.youtube.com/watch?v=REy9noY5Sg8

Author: Stefano Zambelli
Publisher: John Wiley & Sons
ISBN: 1118300432
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
Nonlinearity, Complexity and Randomness in Economics presents a variety of papers by leading economists, scientists, and philosophers who focus on different aspects of nonlinearity, complexity and randomness, and their implications for economics. A theme of the book is that economics should be based on algorithmic, computable mathematical foundations. Features an interdisciplinary collection of papers by economists, scientists, and philosophers Presents new approaches to macroeconomic modelling, agent-based modelling, financial markets, and emergent complexity Reveals how economics today must be based on algorithmic, computable mathematical foundations

Author: K. Vela Velupillai
Publisher: Routledge
ISBN: 1134253362
Category : Business & Economics
Languages : en
Pages : 514

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Book Description
Computable Foundations for Economics is a unified collection of essays, some of which are published here for the first time and all of which have been updated for this book, on an approach to economic theory from the point of view of algorithmic mathematics. By algorithmic mathematics the author means computability theory and constructive mathematics. This is in contrast to orthodox mathematical economics and game theory, which are formalised with the mathematics of real analysis, underpinned by what is called the ZFC formalism, i.e., set theory with the axiom of choice. This reliance on ordinary real analysis and the ZFC system makes economic theory in its current mathematical mode completely non-algorithmic, which means it is numerically meaningless. The book provides a systematic attempt to dissect and expose the non-algorithmic content of orthodox mathematical economics and game theory and suggests a reformalization on the basis of a strictly rigorous algorithmic mathematics. This removes the current schizophrenia in mathematical economics and game theory, where theory is entirely divorced from algorithmic applicability – for experimental and computational exercises. The chapters demonstrate the uncomputability and non-constructivity of core areas of general equilibrium theory, game theory and recursive macroeconomics. The book also provides a fresh look at the kind of behavioural economics that lies behind Herbert Simon’s work, and resurrects a role for the noble classical traditions of induction and verification, viewed and formalised, now, algorithmically. It will therefore be of particular interest to postgraduate students and researchers in algorithmic economics, game theory and classical behavioural economics.

Author: Kumaraswamy Velupillai
Publisher: Springer Nature
ISBN: 3030581314
Category : Business & Economics
Languages : en
Pages : 447

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Book Description
This book explores an alternative approach to the conventional, market-based, view of economic theory and economic policy, at theoretical, numerical and applicable levels. The chapters provide a theoretical, empirical, and algorithmic approach to marcodynamics, Sraffian economics, and current policy issues. Post-Keynesian macroeconomics, business cycle theory, the trade cycle, microfoundations, and the Philips Machine are also covered. This book aims to challenge orthodox ideas and provide a lens through which to honour the work of Stefano Zambelli. It will be of relevant to students and academics interested in economics.

Author: S. DeCanio
Publisher: Springer
ISBN: 1137371935
Category : Business & Economics
Languages : en
Pages : 429

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Book Description
The book aims to show that the deterministic vision embodied in conventional economic modelling is neither consistent with nor supported by the state of the art in mathematics, logic, and physical science. DeCanio recognizes that economic agents are intrinsically free and somewhat unpredictable, which is essential for economic and social theory.

Author: Roger Koppl
Publisher: Emerald Group Publishing
ISBN: 1781902178
Category : Business & Economics
Languages : en
Pages : 281

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Book Description
Under what conditions of supply and demand are experts likely to give us good advice? When is expert failure more likely? Do entrepreneurs challenge existing expertise? Are they experts themselves? This title brings a heterogeneous collection of thinkers, some "Austrian" and to engage the problem of experts.

Author: Erokhin, Vasilii
Publisher: IGI Global
ISBN: 1522569553
Category : Business & Economics
Languages : en
Pages : 742

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Book Description
Global interest in the exploration of the Arctic has been growing rapidly. As the Arctic becomes a global resource base and trade corridor between the continents, it is crucial to identify the dangers that such a boom of extractive industries and transport routes may bring on the people and the environment. The Handbook of Research on International Collaboration, Economic Development, and Sustainability in the Arctic discusses the perspectives and major challenges of the investment collaboration and development and commercial use of trade routes in the Arctic. Featuring research on topics such as agricultural production, environmental resources, and investment collaboration, this book is ideally designed for policymakers, business leaders, and environmental researchers seeking coverage on new practices and solutions in the sphere of achieving sustainability in economic exploration of the Artic region.