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Complexity Hints for Economic Policy

Paperback Engels 2014 9788847056008
€ 126,99
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Samenvatting

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.

Specificaties

ISBN13:9788847056008
Taal:Engels
Bindwijze:Paperback
Uitgever:Springer Milan

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          Complexity Hints for Economic Policy