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Complexity Hints for Economic Policy (Hardcover)

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Product Overview

This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations.

Specifications

Publisher Springer Verlag
Mfg Part# 9788847005334
SKU 203125477
Format Hardcover
ISBN10 8847005337
Release Date 2/18/2013
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