The End of Theory : : Financial Crises, the Failure of Economics, and the Sweep of Human Interaction /

The End of Theory : : Financial Crises, the Failure of Economics, and the Sweep of Human Interaction / / Richard Bookstaber.

An in-depth look at how to account for the human complexities at the heart of today's financial systemOur economy may have recovered from the Great Recession-but not our economics. In The End of Theory, Richard Bookstaber discusses why the human condition and the radical uncertainty of our worl...

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Bibliographic Details
Superior document:Title is part of eBook package: De Gruyter Princeton University Press Complete eBook-Package 2017
VerfasserIn:
Bookstaber, Richard,
Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2017]
©2017
Year of Publication:2017
Language:English
Online Access:
Physical Description:1 online resource (240 p.) :; 10 line illus.
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Table of Contents:
  • Frontmatter
  • Contents
  • SECTION I. Introduction
  • 1. Crises and Sunspots
  • 2. Being Human
  • SECTION II. The Four Horsemen
  • 3. Social Interactions and Computational Irreducibility
  • 4. The Individual and the Human Wave
  • 5. Context and Ergodicity
  • 6. Human Experience and Radical Uncertainty
  • 7. Heuristics
  • SECTION III. Paradigm Past and Future
  • 8. Economics in Crisis
  • 9. Agent- Based Models
  • 10. Agents in the Complexity Spectrum
  • SECTION IV. Agent- Based Models for Financial Crises
  • 11. The Structure of the Financial System: Agents and the Environment
  • 12. Liquidity and Crashes
  • 13. The 2008 Crisis with an Agent- Based View
  • SECTION V. The End of Theory
  • 14. Is It a Number or a Story? Model as Narrative
  • 15. Conclusion
  • Acknowledgments
  • Notes
  • References
  • Index

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