Complex Systems in Finance and Econometrics

Abstract

Complex Systems in Finance and Econometrics is an authoritative reference to the basic tools and concepts of complexity and systems theory as applied to an understanding of complex, financial-based business and social systems. Fractals, nonlinear time series modeling, cellular automata, game theory, network theory and statistical physics are among the tools and techniques that are used for predicting, monitoring, evaluating, managing, and decision-making in a wide range of fields from health care, poverty alleviation, and energy and the environment, to manufacturing and quality assurance, model building, organizational learning. and macro and microeconomics. In the last of these areas, market bubbles and crashes, foreign exchange, and bond markets are addressed. Sixty-nine of theworld’s leading experts present 49 articles for an audience of advanced undergraduate and graduate students, professors, and professionals in all of these fields. Each article was selected and peer reviewed by one of the Section Editors of the Encyclopedia of Complexity and Systems Science with advice and consultation provided by our BoardMembers and Editor-in-Chief. This