About this document
Review-2010-Foundations of Complexity Economics by Christian Solis Calero is a document available to read on EtoBox.
The document discusses the evolution of complexity economics, which challenges the conventional neoclassical economics that assumes perfectly rational agents and equilibrium outcomes. It emphasizes that agents operate under imperfect information and fundamental uncertainty, leading to an economy that is dynamic and constantly evolving rather than static. The author illustrates these concepts through examples like the El Farol bar problem, highlighting how agents adapt their strategies in response to the act
- Author
- Christian Solis Calero
- Language
- EN