Complexity
The TI-Complexity research field focuses on the analysis and empirical validation of behavioral micro, macro and finance models under “bounded” rationality, where agents are not fully rational, but behave in accordance with experimental and empirical evidence. A central question is: which emerging aggregate macro behavior arises through the interactions of individual micro decisions of boundedly rational heterogeneous agents? Focus topics are: Complex systems & nonlinear dynamics; Bounded rationality, learning & heterogeneous expectations; Behavioral & experimental macro-finance; Complex networks; Dynamic games in complex systems; Strategic interaction and (non-)cooperative games.
Complexity
The TI-Complexity research field focuses on the analysis and empirical validation of behavioral micro, macro and finance models under “bounded” rationality, where agents are not fully rational, but behave in accordance with experimental and empirical evidence. A central question is: which emerging aggregate macro behavior arises through the interactions of individual micro decisions of boundedly rational heterogeneous agents? Focus topics are: Complex systems & nonlinear dynamics; Bounded rationality, learning & heterogeneous expectations; Behavioral & experimental macro-finance; Complex networks; Dynamic games in complex systems; Strategic interaction and (non-)cooperative games.
Researchers in this field
Key Publications
Discussion Papers
23-061/II - Degree Centrality, von Neumann-Morgenstern Expected Utility and Externalities in Networks
Date: September 27, 2023
23-013/II - Analyzing and forecasting economic crises with an agent-based model of the euro area
Date: March 09, 2023
22-97/II - Naϊve Learning in Social Networks with Fake News: Bots as a Singularity
Date: December 22, 2022
22-036/II - Highway toll allocation
Date: June 07, 2022
22-037/II - The locally partial permission value for games with a permission structure
Date: June 07, 2022
Upcoming events
Testing Forecast Rationality for Measures of Central Tendency
Timo Dimitriadis (Heidelberg University, Germany)
- TI Complexity in Economics Seminars
National Economics Olympiad 2024
Dutch economics competition for bachelor and (research)master students
Detecting Groups in Large Vector Autoregressions
Christian Brownlees (Pompeu Fabra University, Spain)
- TI Complexity in Economics Seminars
Title to be announced
Massimiliano Caporin (University of Padova, Italy)
- TI Complexity in Economics Seminars
6th KVS New Paper Sessions
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Academic Distinctions
Florian Wagener elected President of the International Society...
Florian Wagener
Titus Galama receives Marie Skłodowska-Curie Doctoral Network...
Titus Galama
ODISSEI Microdata Access Grant (MAG) for Titus Galama and Sjoerd...
Sjoerd van Alten,Titus Galama