Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/182323
Editors: 
Johnson, Jeffrey
Nowak, Andrzej
Ormerod, Paul
Rosewell, Bridget
Zhang, Yi-Cheng
Year of Publication: 
2017
Series/Report no.: 
Springer eBook Collection: Physics and Astronomy
Abstract: 
The overall aim of this book, an outcome of the European FP7 FET Open NESS project, is to contribute to the ongoing effort to put the quantitative social sciences on a proper footing for the 21st century. A key focus is economics, and its implications on policy making, where the still dominant traditional approach increasingly struggles to capture the economic realities we observe in the world today - with vested interests getting too often in the way of real advances. Insights into behavioral economics and modern computing techniques have made possible both the integration of larger information sets and the exploration of disequilibrium behavior. The domain-based chapters of this work illustrate how economic theory is the only branch of social sciences which still holds to its old paradigm of an equilibrium science - an assumption that has already been relaxed in all related fields of research in the light of recent advances in complex and dynamical systems theory and related data mining. The other chapters give various takes on policy and decision making in this context. Written in nontechnical style throughout, with a mix of tutorial and essay-like contributions, this book will benefit all researchers, scientists, professionals and practitioners interested in learning about the 'thinking in complexity' to understand how socio-economic systems really work
Subjects: 
Data-driven Science
Modeling and Theory Building
Methodology of the Social Sciences
Economic Theory/Quantitative Economics/Mathematical Methods
Operation Research/Decision Theory
Complexity
Persistent Identifier of the first edition: 
ISBN: 
978-3-319-42424-8
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Book
Document Version: 
Published Version
Appears in Collections:
Social Media Mentions:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.