Description

Book Synopsis
Peter Albin is known for his seminal work in applying the concepts of adaptive dynamical systems, first developed by biologists and physicists, to the study of economic systems. This book is a collection of his pathbreaking articles on the application of cellular automata and complexity theory to economic problems.

Table of Contents
PrefaceAcknowledgments1Introduction32The Metalogic of Economic Predictions, Calculations, and Propositions733Microeconomic Foundations of Cyclical Irregularities or "Chaos"1054Qualitative Effects of Monetary Policy in "Rich" Dynamic Systems1375Decentralized, Dispersed Exchange without an Auctioneer: A Simulation Study1576Approximations of Cooperative Equilibria in Multiperson Prisoners' Dilemma Played by Cellular Automata1817The Complexity of Social Groups and Social Systems Described by Graph Structures210Works Cited243Index251

Barriers and Bounds to Rationality Essays on

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    A Hardback by Peter Albin, Duncan K. Foley

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      View other formats and editions of Barriers and Bounds to Rationality Essays on by Peter Albin

      Publisher: Princeton University Press
      Publication Date: Publication Date: 26/04/1998
      ISBN13: 9780691026763, 978-0691026763
      ISBN10: 0691026769
      Also in:
      Economics

      Description

      Book Synopsis
      Peter Albin is known for his seminal work in applying the concepts of adaptive dynamical systems, first developed by biologists and physicists, to the study of economic systems. This book is a collection of his pathbreaking articles on the application of cellular automata and complexity theory to economic problems.

      Table of Contents
      PrefaceAcknowledgments1Introduction32The Metalogic of Economic Predictions, Calculations, and Propositions733Microeconomic Foundations of Cyclical Irregularities or "Chaos"1054Qualitative Effects of Monetary Policy in "Rich" Dynamic Systems1375Decentralized, Dispersed Exchange without an Auctioneer: A Simulation Study1576Approximations of Cooperative Equilibria in Multiperson Prisoners' Dilemma Played by Cellular Automata1817The Complexity of Social Groups and Social Systems Described by Graph Structures210Works Cited243Index251

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