Sublime
An inspiration engine for ideas


The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974
nobelprize.orgnobelprize.org
Most economists now accept the need for more realistic assumptions in economic theory; and methodologies such as network analysis, heterogeneous agent models, evolutionary game theory, and economic lab experiments are becoming standard.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
There frankly is a hell of a lot of value in the game theory and economics literature.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Professor Howard Raiffa’s maximum bid of others (or MBOO, pronounced “maboo”) analysis, which captures the fundamental trade-off in graphical form.
Guhan Subramanian • Dealmaking: The New Strategy of Negotiauctions (Second Edition)
In complexity economics, agents differ and in general lack full knowledge of each other and of the situation they are in. Fundamental uncertainty is therefore the norm; ill-defined problems are the norm; and rationality is not necessarily well defined. Agents explore and learn and adapt and open to novel behavior. Outcomes may not be in
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
rabbit. So you can think of the economy as a series of shocks moving to an equilibrium, shock, moving to an equilibrium.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
The take-home message from Schelling’s story—that incentives sometimes backfire—is familiar to psychologists.



