Nonlinear dynamics of financial crises : how to predict discontinuous decisions (eBook, 2015) [WorldCat.org]
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Nonlinear dynamics of financial crises : how to predict discontinuous decisions

Author: Ionut Purica
Publisher: London : Academic Press, an imprint of Elsevier, [2015]
Series: Who's who series.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Erscheint auch als:
Purica, Ionut. Nonlinear Dynamics of Financial Crises .
How to Predict Discontinuous Decisions
Druck-Ausgabe
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ionut Purica
ISBN: 9780128032763 0128032766
OCLC Number: 905902666
Language Note: English.
Description: 1 online resource : illustrations
Contents: Front Cover --
Nonlinear Dynamics of Financial Crises --
Copyright Page --
Dedication --
Contents --
Brief Description of the Book --
Acknowledgments --
1 Introduction --
References --
2 Evolution of Financial Crises --
2.1 Definitions and Common Patterns of the Crisis --
2.2 The Crisis Cycle Bird�s-Eye Description --
2.3 Evolutionary Economics and Complex Systems Approaches to Describing Crisis Cycles --
2.3.1 General Equilibrium Economic Theory and Financial Crises --
2.3.2 Complexity Theory and Financial Crises --
2.3.3 Complex Adaptive Systems 2.4 Evolutionary EconomicsReferences --
3 The Sociocultural Niche --
3.1 Creativity --
3.2 Evidences and Memes --
3.3 Creativity as a Memes Mutation --
3.4 Logistic Penetration of Memes --
3.4.1 Collateral Composition Trends in CDOs --
References --
4 Occupy the Financial Niche�Saturation and Crisis --
4.1 Introduction --
4.2 Social Reality and Collective Behavior --
4.3 Dynamics of Memes --
4.4 Description of the Model --
4.4.1 Experimental Grounds --
4.4.2 The Master Equation of the Process 4.4.3 Identification of the System Variable and Control Parameters4.4.4 Change of Stationary Solution with Variations of the Control Parameters�the “Cusp� Type Catastrophe --
4.5 Criteria for Financial Development Strategies --
4.5.1 Beyond Resilience�Decisions for Safety --
4.5.2 Perception of Alternatives and Strategic Conduct --
References --
5 Monitoring Issues and Measuring the Change --
5.1 Predict the Phase Change --
5.2 Crossing the Limit in the Decision Space --
5.3 Cases of Decision Trajectory Evolution 5.4 Freedom Versus Deregulation�Historical Considerations5.5 Procedure for Predicting Crisis Cycles --
References --
6 Nonlinear Effects in Market Penetration�Deterministic Chaos --
6.1 Quadratic Phase Diagrams in Economics --
6.2 Penetration of a Financial Instrument --
References --
7 Final Thoughts on Crises and Adaptability --
7.1 Do We Want to Eliminate the Crises? --
References --
Appendix 1 Evolution of Models in Relation to Crisis Cycles --
References --
Appendix 2 Logistic Map --
References --
Bibliography
Series Title: Who's who series.
Responsibility: Ionut Purica.

Abstract:

When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revolution, Dr. Purica echoes John Maynard Keynes in believing that economic ideas are "dangerous for good or evil." In recent years evil seems to have had the upper hand. "Nonlinear Dynamics of Financial Crises" points to their ability to do good.

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"Ionut Purica explores the perplexing problem of financial crises dynamics from a non-traditional economics approach. The progressive methodology and applications make the book ideal for students, Read more...

 
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