9min chapter

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas cover image

293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

CHAPTER

Understanding Complexity Economics

This chapter explores complexity economics as a unique approach to understanding economic systems, highlighting its distinctions from traditional economic theories. It discusses the limitations of conventional models in addressing real-world complexities and emphasizes the importance of agent-based modeling and decision-making heuristics in capturing the dynamics of economic interactions.

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