Complex dynamical systems, ranging from ecosystems to financial markets and the climate,
can have tip** points at which a sudden shift to a contrasting dynamical regime may …

This short review presents a selected history of the mutual fertilization between physics and
economics—from Isaac Newton and Adam Smith to the present. The fundamentally different …

Companies have increasingly advocated social media technologies to transform businesses
and improve organizational performance. This study scrutinizes the predictive relationships …

Recognising that the economy is a complex system with boundedly rational interacting
agents, the book presents a theory of behavioral rationality and heterogeneous expectations …

This paper surveys learning-to-forecast experiments (LtFEs) with human subjects to test
theories of expectations and learning. Subjects must repeatedly forecast a market price …

Finance is in the midst of a paradigm shift, from a neoclassical based framework to a
psychologically based framework. Behavioral finance is the application of psychology to …

The study of exchange rates has undergone large fluctuations, very much like the exchange
rates themselves. During the 1970s, when the exchange rates of the major currencies were …

In this review we discuss advances in the agent-based modeling of economic and social
systems. We show the state of the art of the heuristic design of agents and how behavioral …

It is well-known that financial asset returns exhibit fat-tailed distributions and long-term
memory. These empirical features are the main objectives of modeling efforts using (i) …

This paper assesses the potential influence of the growing CDS market on the borrowing
cost of sovereign states during the European sovereign crisis. We analyze the sovereign …