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E-BOOK
Title Decision theory and choices : a complexity approach / editors, Marisa Faggini [and] Concetto Paolo Vinci.
Imprint Milan : Springer Verlag Italia, 2010.

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Description 1 online resource (xiv, 251 pages)
Series New economic windows
New economic windows.
Bibliog. Includes bibliographical references.
Note Available only to authorized UTEP users.
English.
Subject Economics -- Philosophy.
Economics -- Methodology.
Economics -- Sociological aspects.
Economics -- Psychological aspects.
Econophysics.
Risk.
Economics -- Statistical methods.
Rational choice theory.
Decision making -- Psychological aspects.
Decision making -- Social aspects.
Consumer behavior.
Finance, Personal -- Decision making.
Financial risk management -- Decision making.
Contents Part I: General issues: Coherence, complexity and creativity: the dynamics of decision making / F.T. Arecchi -- Complexity theoretic bounded rationality and satisficing / K.V. Velupillai -- Optimalisation and 'thoughtful conjecturing' as principles of analytical guidance in social decision making / S. Bruno ; Part II: Agent based models: A new agent-based tool to build artificial worlds / P. Terna -- Exploration modes and its impact on industry profitability / L. Biggiero -- Financial fragility and interacting units: an exercise / C. Chiarella, S. Giansante, S. Sordi, A. Vercelli ; Part III: Techniques and tools: Using homogeneous groupings in portfolio management / J. Gil-Aluja, A.M. Gil-Lafuente, J. Gil-Lafuente -- Elman nets for credit risk management / G. di Tollo, M. Lyra ; Part IV: Modeling from physics: From chemical kinetics to models of acquisition of information: on the importance of the rate of acquisition of information / G. Monaco -- Thermodynamic-like approach to complexity of the financial market (in the light of the present financial crises) / A. Khrennikov -- A physicist's approach to phase controlling chaotic economic models / F.T. Arecchi, R. Meucci, F. Salvadori, D. Acampora, K. Al Naimee ; Part V: Related issues: A note on complaints and deprivation / A. Abatemarco -- Predictability of SOC systems. Technological extreme events / G. Bimonte -- Ontology based risk management / G. Nota, R. Aiello, M.P. Di Gregorio.
Summary In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the.
Other Author Faggini, Marisa.
Vinci, Concetto Paolo.
Abatemarco, Antonio.
Aiello, Rossella.
Arecchi, F. T.
Biggiero, Lucio, 1955-
Bimonte, Giovanna.
Bruno, Sergio, 1941-
Chiarella, Carl.
Di Gregorio, Maria Pia.
Di Tollo, Giacomo, 1981-
Giansante, Simone, 1979-
Gil Aluja, Jaime.
Khrennikov, A. I︠U︡. (Andreĭ I︠U︡rʹevich), 1958-
Lyra, Marianna, 1983-
Meucci, Riccardo.
Monaco, Guglielmo.
Nota, Giancarlo.
Sordi, Serena.
Terna, Pietro.
Velupillai, Kumaraswamy, 1947-
Vercelli, Alessandro.
Other Title Print version: Decision Theory and Choices. Milan : Springer Verlag Italia, 2010 9788847017771
Other Title Coherence, complexity and creativity: the dynamics of decision making.
Complexity theoretic bounded rationality and satisficing.
Optimalisation and 'thoughtful conjecturing' as principles of analytical guidance in social desicion making.
Agent based models: A new agent-based tool to build artificial worlds.
Exploration modes and its impact on industry profitability.
Financial fragility and interacting units: an exercise.
Using homogeneous groupings in portfolio management.
Elman nets for credit risk management.
From chemical kinetics to models of acquisition of information: on the importance of the rate of acquisition of information.
Thermodynamic-like approach to complexity of the financial market (in the light of the present financial crises)
Physicist's approach to phase controlling chaotic economic models.
Note on complaints and deprivation.
Predictability of SOC systems. Technological extreme events.
Ontology based risk management.