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The End of Theory : Financial Crises, the Failure of Economics, and the Sweep of Human Interaction /
An in-depth look at how to account for the human complexities at the heart of today's financial system 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...
| Autor principal: | |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton, NJ :
Princeton University Press,
2017
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| Colección: | Book collections on Project MUSE.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Machine generated contents note:
- I: Introduction 1 1 Crises and Sunspots 3 2 Being Human 14 II: The Four Horsemen 23 3 Social Interactions and Computational Irreducibility 25 4 The Individual and the Human Wave: Emergent Phenomena 34 5 Context and Ergodicity 40 6 Human Experience and Radical Uncertainty 50 7 Heuristics: How to Act Like a Human 65 III: Paradigm Past And Future 79 8 Economics in Crisis 81 9 Agent-Based Models 94 10 Agents in the Complexity Spectrum 108 IV: Agent-Based Models For Financial Crises 125 11 The Structure of the Financial System: Agents and the Environment 127 12 Liquidity and Crashes 144 13 The 2008 Crisis with an Agent-Based View 157 V: The End Of Theory 169 14 Is It a Number or a Story? Model as Narrative 171 15 Conclusion 185 Acknowledgments 191 Notes 193 References 211 Index 221