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Title Decision theory and choices : a complexity approach / editors, Marisa Faggini [and] Concetto Paolo Vinci
Published Milan : Springer Verlag Italia, 2010
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Description 1 online resource (xiv, 251 pages)
Series New economic windows
New economic windows.
Contents Part I: General issues: Coherence, complexity and creativity: the dynamics of decision making / F.T. Arecchi -- Complexity theoretic bounded rationality and satisficing / K.V. Velupillai -- Optimalisation and 'thoughtful conjecturing' as principles of analytical guidance in social decision making / S. Bruno ; Part II: Agent based models: A new agent-based tool to build artificial worlds / P. Terna -- Exploration modes and its impact on industry profitability / L. Biggiero -- Financial fragility and interacting units: an exercise / C. Chiarella, S. Giansante, S. Sordi, A. Vercelli ; Part III: Techniques and tools: Using homogeneous groupings in portfolio management / J. Gil-Aluja, A.M. Gil-Lafuente, J. Gil-Lafuente -- Elman nets for credit risk management / G. di Tollo, M. Lyra ; Part IV: Modeling from physics: From chemical kinetics to models of acquisition of information: on the importance of the rate of acquisition of information / G. Monaco -- Thermodynamic-like approach to complexity of the financial market (in the light of the present financial crises) / A. Khrennikov -- A physicist's approach to phase controlling chaotic economic models / F.T. Arecchi, R. Meucci, F. Salvadori, D. Acampora, K. Al Naimee ; Part V: Related issues: A note on complaints and deprivation / A. Abatemarco -- Predictability of SOC systems. Technological extreme events / G. Bimonte -- Ontology based risk management / G. Nota, R. Aiello, M.P. Di Gregorio
Summary In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the
Bibliography Includes bibliographical references
Subject Economics -- Philosophy.
Economics -- Methodology.
Economics -- Sociological aspects.
Economics -- Psychological aspects.
Econophysics.
Risk.
Economics -- Statistical methods.
Rational choice theory.
Decision making -- Psychological aspects.
Decision making -- Social aspects.
Consumer behavior.
Finance, Personal -- Decision making.
Financial risk management -- Decision making.
Form Electronic book
Author Faggini, Marisa.
Vinci, Concetto Paolo.
Abatemarco, Antonio.
Aiello, Rossella
Arecchi, F. T.
Biggiero, Lucio, 1955-
Bimonte, Giovanna
Bruno, Sergio, 1941-
Chiarella, Carl.
Di Gregorio, Maria Pia
Di Tollo, Giacomo, 1981-
Giansante, Simone, 1979-
Gil Aluja, Jaime.
Khrennikov, A. I͡U. (Andreĭ I͡Urʹevich), 1958-
Lyra, Marianna, 1983-
Meucci, Riccardo
Monaco, Guglielmo
Nota, Giancarlo
Sordi, Serena
Terna, Pietro.
Velupillai, Kumaraswamy, 1947-
Vercelli, Alessandro.
LC no. 2010929484
ISBN 8847017777
8847017785 (electronic bk.)
9788847017771
9788847017788 (electronic bk.)
Other Titles Coherence, complexity and creativity: the dynamics of decision making
Complexity theoretic bounded rationality and satisficing
Optimalisation and 'thoughtful conjecturing' as principles of analytical guidance in social desicion making
Agent based models: A new agent-based tool to build artificial worlds
Exploration modes and its impact on industry profitability
Using homogeneous groupings in portfolio management
Financial fragility and interacting units: an exercise
Elman nets for credit risk management
From chemical kinetics to models of acquisition of information: on the importance of the rate of acquisition of information
Thermodynamic-like approach to complexity of the financial market (in the light of the present financial crises)
Physicist's approach to phase controlling chaotic economic models
Predictability of SOC systems. Technological extreme events
Note on complaints and deprivation
Ontology based risk management