The end of theory : financial crises, the failure of economics, and the sweep of human interaction /

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Our economy may have recovered from the Great Recession--but not our economics. In The End of Theory, Richard Bookstaber, one of the world's leading risk managers, discusses why the human condition and the radical uncertainty of our world renders the standard economic model--and the theory behi...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Bookstaber, Richard M., 1950- (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton, NJ : Princeton University Press, 2017.
Temas:
Financial crises > Great Britain.
Business failures > Great Britain.
Social interaction > Great Britain.
Krachs > Grande-Bretagne.
Interaction sociale > Grande-Bretagne.
BUSINESS & ECONOMICS > Economics > General.
BUSINESS & ECONOMICS > Reference.
BUSINESS & ECONOMICS > Finance.
Business failures
Financial crises
Social interaction
Finanzkrise
Great Britain
Electronic books.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Crises and sunspots
  • Being human
  • Social interactions and computational irreducibility
  • the individual and the human wave : emergent phenomena
  • Context and ergodicity
  • Human experience and radical uncertainty
  • Heuristics : how to act like a human
  • Economics in crisis
  • Agent-based models
  • Agents in the complexity spectrum
  • The structure of the financial system : agents and the environment
  • Liquidity and crashes
  • The 2008 crisis with an agent-based view
  • Is it a number or a story? Model as narrative.

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