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.
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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.
Imprint | Springer-Verlag |
Country of origin | Italy |
Series | New Economic Windows |
Release date | February 2007 |
Availability | Expected to ship within 10 - 15 working days |
First published | 2007 |
Editors | Massimo Salzano, David Colander |
Dimensions | 235 x 155 x 23mm (L x W x T) |
Format | Hardcover |
Pages | 311 |
Edition | 2007 Ed. |
ISBN-13 | 978-88-470-0533-4 |
Barcode | 9788847005334 |
Categories | |
LSN | 88-470-0533-7 |