Why chains beget chains: An ecological model of firm entry and exit and the evolution of market similarity
In: Journal of economic dynamics & control, Band 31, Heft 10, S. 3427-3458
ISSN: 0165-1889
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In: Journal of economic dynamics & control, Band 31, Heft 10, S. 3427-3458
ISSN: 0165-1889
In: Rationality and Society, Band 19, Heft 1, S. 65-97
SSRN
In: Princeton studies in complexity
This book provides the first clear, comprehensive, and accessible account of complex adaptive social systems, by two of the field's leading authorities. Such systems--whether political parties, stock markets, or ant colonies--present some of the most intriguing theoretical and practical challenges confronting the social sciences. Engagingly written, and balancing technical detail with intuitive explanations, Complex Adaptive Systems focuses on the key tools and ideas that have emerged in the field since the mid-1990s, as well as the techniques needed to investigate such systems. It provides a detailed introduction to concepts such as emergence, self-organized criticality, automata, networks, diversity, adaptation, and feedback. It also demonstrates how complex adaptive systems can be explored using methods ranging from mathematics to computational models of adaptive agents
In: Annual review of political science, Band 17, Heft 1, S. 1-20
ISSN: 1545-1577
Agent-based models (ABMs) provide a methodology to explore systems of interacting, adaptive, diverse, spatially situated actors. Outcomes in ABMs can be equilibrium points, equilibrium distributions, cycles, randomness, or complex patterns; these outcomes are not directly determined by assumptions but instead emerge from the interactions of actors in the model. These behaviors may range from rational and payoff-maximizing strategies to rules that mimic heuristics identified by cognitive science. Agent-based techniques can be applied in isolation to create high-fidelity models and to explore new questions using simple constructions. They can also be used as a complement to deductive techniques. Overall, ABMs offer the potential to advance social sciences and to help us better understand our complex world.
In: Annual review of political science, Band 17, S. 1-20
ISSN: 1545-1577
Agent-based models (ABMs) provide a methodology to explore systems of interacting, adaptive, diverse, spatially situated actors. Outcomes in ABMs can be equilibrium points, equilibrium distributions, cycles, randomness, or complex patterns; these outcomes are not directly determined by assumptions but instead emerge from the interactions of actors in the model. These behaviors may range from rational and payoff-maximizing strategies to rules that mimic heuristics identified by cognitive science. Agent-based techniques can be applied in isolation to create high-fidelity models and to explore new questions using simple constructions. They can also be used as a complement to deductive techniques. Overall, ABMs offer the potential to advance social sciences and to help us better understand our complex world. Adapted from the source document.
In: Annual Review of Political Science, Band 17, S. 1-20
SSRN
In: Critical review: a journal of politics and society, Band 24, Heft 3, S. 313-342
ISSN: 1933-8007
In: Critical review: an interdisciplinary journal of politics and society, Band 24, Heft 3, S. 313-342
ISSN: 0891-3811
In: Quarterly journal of political science: QJPS, Band 7, Heft 2, S. 175-208
ISSN: 1554-0634
In: Journal of social computing: JSC, Band 2, Heft 2, S. 89-102
ISSN: 2688-5255
In: American political science review, Band 86, Heft 4, S. 929
ISSN: 0003-0554
The use of innovative computational models in political economic research as a complement to traditional analytical methodologies.Researchers are increasingly turning to computational methods to study the dynamic properties of political and economic systems. Politicians, citizens, interest groups, and organizations interact in dynamic, complex environments, and the static models that are predominant in political economy are limited in capturing fundamental features of economic decision making in modern democracies. Computational models--numerical approximations of equilibria and dynamics that cannot be solved analytically--provide useful insight into the behavior of economic agents and the aggregate properties of political systems. They serve as a valuable complement to existing mathematical tools.This book offers some of the latest research on computational political economy. The focus is on theoretical models of traditional problems in the field. Each chapter presents an innovative model of interaction between economic agents. Topics include voting behavior, candidate position taking, special interest group contributions, macroeconomic policy making, and corporate decision making.
In: European journal of political economy, Band 40, S. 312-332
ISSN: 1873-5703
In: Political analysis: PA ; the official journal of the Society for Political Methodology and the Political Methodology Section of the American Political Science Association, Band 20, Heft 2, S. 146-156
ISSN: 1476-4989
In this article, we define a class of revised path—dependent processes and characterize their basic properties. A process exhibits revised-path dependence if the current outcome can revise the value of a past outcome. A revision could be a change to that outcome or a reinterpretation. We first define a revised path—dependent process called the accumulation process: in each period, a randomly chosen past outcome is changed to match the current outcome and show that it converges to identical outcomes. We then construct a general class of models that includes the Bernoulli process, the Polya process, and the accumulation process as special cases. For this general class, we show that, apart from knife-edge cases, all processes converge either to homogeneous equilibria or to an equal probability distribution over types. We also show that if random draws advantage one outcome over the other, then the process has a unique equilibrium.
In: Political analysis: official journal of the Society for Political Methodology, the Political Methodology Section of the American Political Science Association, Band 20, Heft 2, S. 146-146
ISSN: 1047-1987