The overall aim of this book, an outcome of the European FP7 FET Open NESS project, is to contribute to the ongoing effort to put the quantitative social sciences on a proper footing for the 21st century. A key focus is economics, and its implications on policy making, where the still dominant traditional approach increasingly struggles to capture the economic realities we observe in the world today - with vested interests getting too often in the way of real advances. Insights into behavioral economics and modern computing techniques have made possible both the integration of larger information sets and the exploration of disequilibrium behavior. The domain-based chapters of this work illustrate how economic theory is the only branch of social sciences which still holds to its old paradigm of an equilibrium science - an assumption that has already been relaxed in all related fields of research in the light of recent advances in complex and dynamical systems theory and related data mining. The other chapters give various takes on policy and decision making in this context. Written in nontechnical style throughout, with a mix of tutorial and essay-like contributions, this book will benefit all researchers, scientists, professionals and practitioners interested in learning about the 'thinking in complexity' to understand how socio-economic systems really work.
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- Applied Dynamical Systems
- Behavioral economics
- Business & management
- Complex socio-economic systems
- complex systems
- Computational Social Sciences
- Computer applications in the social & behavioural sciences
- Cybernetics & systems theory
- Data-driven Science, Modeling and Theory Building
- Ecological science, the Biosphere
- Economic Theory & Philosophy
- Economic Theory/Quantitative Economics/Mathematical Methods
- Economics, finance, business & management
- Econophysics and Social Dynamics
- Information economy and policy informatics
- Information theory
- Management decision making
- Methodology of the Social Sciences
- Operational research
- Operations Research and Decision Theory
- Operations Research/Decision Theory
- Paradigm shift in economic thinking
- Quantitative Economics
- Quantitative social sciences
- Reference, information & interdisciplinary subjects
- Research & information: general
- Social dynamics in policy
- Social research & statistics
- Society & Social Sciences
- Sociology & anthropology
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