Nonlinear dynamics of financial crises : how to predict discontinuous decisions /

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When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economi...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Purica, Ionut (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: London : Academic Press, an imprint of Elsevier, [2015]
Colección:Who's who series.
Temas:
Economics > Decision making > Mathematical models.
Financial crises.
Nonlinear theories.
Economics, Mathematical.
�Economie politique > Prise de d�ecision > Mod�eles math�ematiques.
Th�eories non lin�eaires.
BUSINESS & ECONOMICS > Economics > General.
BUSINESS & ECONOMICS > Reference.
Economics > Decision making > Mathematical models
Economics, Mathematical
Financial crises
Nonlinear theories
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Front Cover
  • Nonlinear Dynamics of Financial Crises
  • Copyright Page
  • Dedication
  • Contents
  • Brief Description of the Book
  • Acknowledgments
  • 1 Introduction
  • References
  • 2 Evolution of Financial Crises
  • 2.1 Definitions and Common Patterns of the Crisis
  • 2.2 The Crisis Cycle Bird�a�?s-Eye Description
  • 2.3 Evolutionary Economics and Complex Systems Approaches to Describing Crisis Cycles
  • 2.3.1 General Equilibrium Economic Theory and Financial Crises
  • 2.3.2 Complexity Theory and Financial Crises
  • 2.3.3 Complex Adaptive Systems
  • 2.4 Evolutionary EconomicsReferences
  • 3 The Sociocultural Niche
  • 3.1 Creativity
  • 3.2 Evidences and Memes
  • 3.3 Creativity as a Memes Mutation
  • 3.4 Logistic Penetration of Memes
  • 3.4.1 Collateral Composition Trends in CDOs
  • References
  • 4 Occupy the Financial Niche�a�?Saturation and Crisis
  • 4.1 Introduction
  • 4.2 Social Reality and Collective Behavior
  • 4.3 Dynamics of Memes
  • 4.4 Description of the Model
  • 4.4.1 Experimental Grounds
  • 4.4.2 The Master Equation of the Process
  • 4.4.3 Identification of the System Variable and Control Parameters4.4.4 Change of Stationary Solution with Variations of the Control Parameters�a�?the �aȶCusp�a�? Type Catastrophe
  • 4.5 Criteria for Financial Development Strategies
  • 4.5.1 Beyond Resilience�a�?Decisions for Safety
  • 4.5.2 Perception of Alternatives and Strategic Conduct
  • References
  • 5 Monitoring Issues and Measuring the Change
  • 5.1 Predict the Phase Change
  • 5.2 Crossing the Limit in the Decision Space
  • 5.3 Cases of Decision Trajectory Evolution
  • 5.4 Freedom Versus Deregulation�a�?Historical Considerations5.5 Procedure for Predicting Crisis Cycles
  • References
  • 6 Nonlinear Effects in Market Penetration�a�?Deterministic Chaos
  • 6.1 Quadratic Phase Diagrams in Economics
  • 6.2 Penetration of a Financial Instrument
  • References
  • 7 Final Thoughts on Crises and Adaptability
  • 7.1 Do We Want to Eliminate the Crises?
  • References
  • Appendix 1 Evolution of Models in Relation to Crisis Cycles
  • References
  • Appendix 2 Logistic Map
  • References
  • Bibliography

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