Urban system theory seeks to comprehensively capture the complexity of cities. Digital twin cities are "digital mirror images" or symbionts of physical cities, and thus, they form a complex adaptive system. Unlike the reductionist practice of urban informatization and digitalization, digital...

This paper questions the dynamic stability of supplier-buyer networks. We investigate a simple rewiring process, by which firms change suppliers if it increases profit, within an otherwise classical production network model with market clearing, profit-maximization, and complete information. We...

The industry and transportation sectors account for more than 35% of the global CO2 emissions and there is an increasing pressure on industry to reduce emissions. To remain competitive in their markets while reducing their emissions, companies need to re-optimize their entire value chain...

Aim: To present a condensed but inclusive discussion of the nature of the complex global system and the impediments to, but also the advantages of, means of prediction and action in a rapidly declining society to offer a compendium of the potential to assess the difficulty of predicting complex...

Public choice theory was initiated by economists and political scientists in the late-1950s and early 1960s and is generally described as the application of economic concepts and formulations to political phenomena. This essay explains that economizing action and public choice are universal...

Projects in public governance and technological development are becoming increasingly complex. Complexity, as an inherent attribute of any project, needs to be defined and documented to enable a project team to foresee resulting challenges in a timely manner, and take steps to alleviate them.The...

Using experimental data from a sample of 1,800 participants, we show that the Big Five personality traits have significant explanatory power to predict participants’ willingness to default on a mortgage. We identify a cluster of personality traits that matches the Self-Centered type in...

We provide experimental evidence that core intertemporal choice anomalies - including extreme short-run impatience, structural estimates of present bias, hyperbolicity and transitivity violations - are driven by complexity rather than time or risk preferences. First, all anomalies also arise in...

We provide experimental evidence that core intertemporal choice anomalies – including extreme short-run impatience, structural estimates of present bias, hyperbolicity and transitivity violations – are driven by complexity rather than time or risk preferences. First, all anomalies also arise...

Blockchain networks and similar cryptoeconomic networks are systems, specifically complex systems. They are adaptive networks with multiscale spatio-temporal dynamics. Individual actions may be incentivized towards a collective goal with "purpose-driven" tokens. Blockchain networks, for example,...

The effectiveness of control measures against the diffusion of the COVID-19 pandemic is grounded on the assumption that people are prepared and disposed to cooperate. From a strategic decision point of view, cooperation is the unreachable strategy of the Prisoner's Dilemma game, where the...

Steve Keen's book, The New Economics: A Manifesto (2021), offers a new path for economics, and for good reason. In his view, neoclassicism, the paradigm that rules modern-day economics, has become a serious menace: "I regard Neoclassical economics as not merely a bad methodology for economic...

This essay outlines the evolutionary research agenda thoroughly explored in its microeconomic aspects in the forthcoming Manual, The Foundations of Complex Evolving Economies. Part One: Innovation, Organization and Industrial Dynamics, Oxford University Press, 2023. But is there an...

The effectiveness of control measures against the diffusion of the COVID-19 pandemic is grounded on the assumption that people are prepared and disposed to cooperate. From a strategic decision point of view, cooperation is the unreachable strategy of the Prisoner's Dilemma game, where the...

Extreme natural hazards represent, together with crises and wars, the most disruptive phenomena for economic activity. Their economic impact has been shown to be remarkable, long-lasting, and growing over time, though the exact mechanisms at stake are challenging to isolate and quantify. As...

This paper analyzes prominence in a homogeneous product market where two firms simultaneously choose both prices and price complexity levels. Market-wide complexity results in consumer confusion. Confused consumers are more likely to buy from the prominent firm. In equilibrium, there is...

The organization of complex projects relies more than that of simpler ones on institutions. Neo-institutional theory, not only the most popular branch of institutional theory, but also of organization theory more generally, has for decades emphasized the role of institutions, internal as well as...

We present an exponentially convergent semi-implicit meshless algorithm for the solution of Navier-Stokes equations in complex domains. The algorithm discretizes partial derivatives at scattered points using radial basis functions (RBF) as interpolants. Higher-order polynomials are appended to...

This Handbook explores new and old theoretical, methodological, and empirical insights and perspectives on entropy, complexity, and spatial dynamics. A central and cross-cutting theme of the Handbook is the role of entropy in complex, dynamic spatial socio-economic systems as both a measure of...

The basic objective of this investigation is to explore the impactof a novel gravitational modification, specifically, the$f(\mathcal{G}, \mathbf{T}^2)$ (where $\mathcal{G}:=\mathbf{R}^{2}+R_{\alpha\beta\sigma\varsigma}R^{\alpha\beta\sigma\varsigma}-4R_{\alpha\beta}R^{\alpha\beta}$and...

Today's complex, dynamic, interconnected world presents the field of education ("Education 4.0") with significant challenges in developing competencies for reasoning for complexity. This article analyzes complex thinking as a macro-competency with sub-competencies of critical, systemic,...

Every financial crisis triggers some regulatory and supervisory changes related to the ensuing threats. These regulations usually address specific types of risks and reduce them but do not protect the entire system from another crisis. The aim of this study was to develop a conceptual framework...

FranPyCisco Automation Solution V0.5 Toolkit is a PythonV3 programmed network automation solution tool which is aimed to simply the configuration complexity in a lab environment, small scale business and can be utilised for educational training purposes as well. This allows the user to configure...

This note offers a brief consideration of the quantitative data regarding U.S. manufacturing's net output (i.e. "value added") in aggregate and per capita terms, and shows that while some of the relevant data give an impression of strength, the long-term trend with regard to output, assets and...

Lawyers, judges, scholars, and clients all agree on one thing about contracts: they are complex. But what does this actually mean? What is contractual complexity and where does it come from? Despite widespread agreement that contracts are complex, the literature on contracts has yet to...