Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

Nonlinearity, Bounded Rationality, and Heterogeneity

Nonlinearity, Bounded Rationality, and Heterogeneity

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9784431549710
Condition
New
Product Description

This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are nonlinearity, bounded rationality and heterogeneity, which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the absence of any exogenous disturbances are absolutely nonlinear. Bounded rationality constitutes the woof, because economic systems do not exhibit complex behavior if all agents are perfectly rational, as is usually assumed in neoclassical economics. Agents who are boundedly rational have to struggle to do their best with limited information and tend to adapt to their economic environment without knowing what is the best. Furthermore, the heterogeneity of firms or consumers dyes the fabric of complex dynamics woven from the warp and woof.

Available Colors
Available Sizes
1 Offer Price Range: $79.99 - $79.99
BEST PRICE

Single Product Purchase

$79.99
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$79.99 $79.99

$79.99
See Site In stock Visit Store

Similar Products

Theory of Reproducing Kernels and Applications

$119.00

Advanced Computational and Communication Paradigms

$219.99

The Human Dimensions of Forest and Tree Health

$109.00

The Wildest Race Ever

$4.46

Categorical Combinators, Sequential Algorithms, and Functional Programming

$84.99

Leviathan Wakes Expanse Series #1 by James S. A. Corey

$19.99

Pro PHP Application Performance

$34.99

In Memory of H. L. Meerwein

$119.00

Die Gleichheit der Geschlechter

$69.99

Existential Psychotherapy

$119.99

The Intercorrelation of Traumatic Brain Injury and PTSD in Neuropsychological Evaluations

$39.99

Design of Survivable Networks

$34.99

Trials of Apollo, The 5-Book Paperback Boxed Set by Rick Riordan

$49.95

Fast Detection of DNA Damage

$169.99

Non-Equilibrium Reacting Gas Flows

$129.00

Cardiac Catheterization for Congenital Heart Disease

$79.99

Microinjection and Transgenesis

$54.99

Understanding Disability and Everyday Hate

$129.99

Migrating to Swift from Web Development

$37.99

Phosphate and Minerals in Health and Disease

$54.99

Institutionenkonomische Analyse von Kndigungsschutzregelungen

$69.99

Das Geburtshilfliche Seminar

$44.99

Querulieren

$69.99

The Physics of Free Electron Lasers

$109.99

Developing Metacognitive Teaching Strategies Through Lesson Study

$54.99

Mathematical Methods for Cancer Evolution

$99.99

The Fate of the Male Germ Cell

$39.99

The Realm of King and God

$119.99

High-Performance Digital VLSI Circuit Design

$109.99

Tolkien as a Literary Artist

$139.99

Sophie Germain

$109.99

Voltage-to-Frequency Converters

$84.99

Reshaping Society through Analytics, Collaboration, and Decision Support

$39.99

All-Optical Noninvasive Delayed Feedback Control of Semiconductor Lasers

$39.99

Lebensmittelmikrobiologie

$54.99

The Golden Frog Games (Witchlings 2)

$6.71

Frankreich Jahrbuch 2017

$44.99

Women in Mexican Subnational Legislatures

$129.99

The Bulgarian-Byzantine Wars for Early Medieval Balkan Hegemony

$159.99

Bo Sdersten from Left to Right

$49.99