

Complexity
Complexity research focuses on the analysis and empirical validation of models based on “bounded” rationality of agents. The behavior of these agents is in accordance with experimental and empirical evidence rather than standard assumptions on rationality. The central question is which aggregate behavior results from interactions of individual decisions of boundedly rational agents? Research topics are: complex systems & nonlinear dynamics; bounded rationality, learning & heterogeneous expectations; behavioral & experimental macro-finance; networks; dynamic games; strategic interaction and (non-)cooperative games.
Complexity
Complexity research focuses on the analysis and empirical validation of models based on “bounded” rationality of agents. The behavior of these agents is in accordance with experimental and empirical evidence rather than standard assumptions on rationality. The central question is which aggregate behavior results from interactions of individual decisions of boundedly rational agents? Research topics are: complex systems & nonlinear dynamics; bounded rationality, learning & heterogeneous expectations; behavioral & experimental macro-finance; networks; dynamic games; strategic interaction and (non-)cooperative games.
Researchers in this field
Key Publications





Discussion Papers
25-050/II - The Consistency Principle in the Reordering Problem
Date: September 19, 2025
25-047/II - Reconciling marginalism with the core in two-sided markets with money
Date: August 22, 2025
25-038/II - Efficient Information Aggregation: Optimal Structure of Signal Network
Date: May 30, 2025
25-017/II - Construction of Compromise Values for Cooperative Games
Date: March 14, 2025
24-076/II - Power in plurality games
Date: December 20, 2024
Upcoming events
Assessing differences across heavy tailed samples – With applications...
Thomas Opitz (French National Institute of Agronomic Research, France)
- TI Complexity in Economics Seminars
De Nederlandse Economendag (NED)
Keynote: Stefanie Stantcheva (Harvard University, United States)
Title to be announced
Frank Westerhoff (University of Bamberg, Germany)
- TI Complexity in Economics Seminars
Title to be announced
Gustavo Freire
- TI Complexity in Economics Seminars
A Weaker Condition for Higher-Order Differentiability of Policy...
Juan Pablo Rincon Zapatero (Carlos III University of Madrid, Spain)
- TI Complexity in Economics Seminars
Academic Distinctions
Florian Wagener elected President of the International Society...
Florian Wagener
Cars Hommes co-author of prize winning paper
Cars Hommes
EU Horizon 2020 funding for Cars Hommes, Cees Diks and Jan Tuinstra...
Cees Diks,Cars Hommes,Jan Tuinstra