Economic systems produce robust statistical patterns in key sate variables including prices
and incomes. Statistical equilibrium methods explain the distributional properties of state …

Bounded rationality is an important consideration stemming from the fact that agents often
have limits on their processing abilities, making the assumption of perfect rationality …

As complex adaptive system involves human and social factors (eg, changing demands,
competition and collaboration among agents), accurately modeling the complex features of …

Urban housing markets, along with markets of other assets, universally exhibit periods of
strong price increases followed by sharp corrections. The mechanisms generating such non …

Behavioural economics (BE)'tries to explain (and ultimately, to apply these findings into
practice) why individuals frequently make [seemingly] irrational choices, and why and how …

In this paper, a new FEPA portfolio forecasting model is based on the EMD decomposition
method. The model is based on the special empirical modal decomposition of financial time …

This paper proposes a new financial market model based on the analysis of the minority
game model. The agent in this model forms a network through information sharing, and the …

Economists have shown an increasing interest in statistical physics and information theory,
exploring how entropy concepts can provide useful insights for important economic …

With the increasing prevalence of smart services in our daily lives, service ecosystems are
rapidly emerging across various domains, including E-commerce, cloud manufacturing, and …

This thesis develops the Constrained Methods Matrix (CMM), enriching the behavioural
economist's toolkit by facilitating the application of complex systems thinking in behavioural …