Complexity in Economic and Social Systems
Drożdż, Stanisław
Complexity in Economic and Social Systems - Basel, Switzerland MDPI - Multidisciplinary Digital Publishing Institute 2021 - 1 electronic resource (534 p.)
Open Access
There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.
Creative Commons
English
books978-3-0365-0795-8 9783036507941 9783036507958
10.3390/books978-3-0365-0795-8 doi
Information technology industries
volatility clustering Baidu Index information demand generalized autoregressive conditional heteroscedasticity model (GARCH) mixture of distribution hypothesis speculation land acquisition motivation real estate development Ethiopia systemic risk macroprudential policy agent-based modelling inequality central-banking information transfer transfer entropy stock markets econophysics complexity science information theory economic complexity evolutionary dynamics network theory leveraged trading stock price crash risk threshold effect complexity in stock market entropy economics non-extensive cross-entropy econometrics non-ergodic ill-behaved inverse problems general system theory non-linear dynamics complex adaptive systems homo oeconomicus edge of chaos complexity economics pricing constraint IPO timing dynamic game model real option complexity of IPOs financial institution complex network jump volatility entropy weight TOPSIS structural entropy stock market EMD cluster-entropy Shannon-entropy financial markets time series dynamics Tsallis entropy copula functions cross-shareholding network finance cryptocurrencies multivariate transfer entropy complex networks liquidity proxy liquidity benchmark volatility estimate correlation coefficient partial determination mutual information forecasting market risk value at risk extreme returns peaks over threshold self-exciting point process discrete-time models generalized Pareto distribution dynamical complexity universal complexity measure irreversible processes entropies entropic susceptibilities complex systems multifractal analysis detrended cross-correlations minimal spanning tree wealth condensation agent-based computational economics bargaining gain function macroeconomics innovative activity manufacturing industry conjunctural movements cybernetics feedback loops correspondence analysis Polish Green Island effect Red Queen effect Kondratieff waves power law Zipf law gender productivity gap fake news rumor spreading Nash equilibrium evolutionarily stable strategies evolutionary information search dynamics nonlinear dynamics chaos time series analysis stock exchange market Lyapunov recurrence plots BDS correlation dimension GARCH model measure of economic development websites public administration sector municipality four-colour theorem prosumption platforms for participation location quotient dual graph Euler characteristic n/a
Complexity in Economic and Social Systems - Basel, Switzerland MDPI - Multidisciplinary Digital Publishing Institute 2021 - 1 electronic resource (534 p.)
Open Access
There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.
Creative Commons
English
books978-3-0365-0795-8 9783036507941 9783036507958
10.3390/books978-3-0365-0795-8 doi
Information technology industries
volatility clustering Baidu Index information demand generalized autoregressive conditional heteroscedasticity model (GARCH) mixture of distribution hypothesis speculation land acquisition motivation real estate development Ethiopia systemic risk macroprudential policy agent-based modelling inequality central-banking information transfer transfer entropy stock markets econophysics complexity science information theory economic complexity evolutionary dynamics network theory leveraged trading stock price crash risk threshold effect complexity in stock market entropy economics non-extensive cross-entropy econometrics non-ergodic ill-behaved inverse problems general system theory non-linear dynamics complex adaptive systems homo oeconomicus edge of chaos complexity economics pricing constraint IPO timing dynamic game model real option complexity of IPOs financial institution complex network jump volatility entropy weight TOPSIS structural entropy stock market EMD cluster-entropy Shannon-entropy financial markets time series dynamics Tsallis entropy copula functions cross-shareholding network finance cryptocurrencies multivariate transfer entropy complex networks liquidity proxy liquidity benchmark volatility estimate correlation coefficient partial determination mutual information forecasting market risk value at risk extreme returns peaks over threshold self-exciting point process discrete-time models generalized Pareto distribution dynamical complexity universal complexity measure irreversible processes entropies entropic susceptibilities complex systems multifractal analysis detrended cross-correlations minimal spanning tree wealth condensation agent-based computational economics bargaining gain function macroeconomics innovative activity manufacturing industry conjunctural movements cybernetics feedback loops correspondence analysis Polish Green Island effect Red Queen effect Kondratieff waves power law Zipf law gender productivity gap fake news rumor spreading Nash equilibrium evolutionarily stable strategies evolutionary information search dynamics nonlinear dynamics chaos time series analysis stock exchange market Lyapunov recurrence plots BDS correlation dimension GARCH model measure of economic development websites public administration sector municipality four-colour theorem prosumption platforms for participation location quotient dual graph Euler characteristic n/a