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  • Search: subject:"ill-structured choice"
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Fuzzy logic 1 Walrasian Crier 1 complexity 1 emergence 1 equilibrium 1 genetic algorithms 1 ill-structured choice 1 paradigm change 1 rationality 1
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Free 1
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Book / Working Paper 1
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Smith, Peter 1
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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New perspectives on realism, tractability, and complexity in economics
Smith, Peter - Volkswirtschaftliche Fakultät, … - 2008
Fuzzy logic and genetic algorithms are used to rework more realistic (and more complex) models of competitive markets. The resulting equilibria are significantly different from the ones predicted from the usual static analysis; the methodology solves the Walrasian problem of how markets can...
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