Items related to Computation and Complexity in Economic Behavior and...

Computation and Complexity in Economic Behavior and Organization - Hardcover

Mount, Kenneth R.; Reiter, Stanley

 
9780521800563: Computation and Complexity in Economic Behavior and Organization

Synopsis

This book presents a model of computing and a measure of computational complexity which are intended to facilitate analysis of computations performed by people, machines, or a mixed system of people and machines. The model is designed to apply directly to models of economic theory, which typically involve continuous variables and smooth functions, without requiring analysis of approximations. The model permits analysis of the feasibility and complexity of the calculations required of economic agents in order for them to arrive at their decisions. The treatment contains applications of the model to game theory and economics, including comparison of the complexities of different solution concepts in certain bargaining games, and the trade-off between communication and computation in an example of an Edgeworth Box economy.

"synopsis" may belong to another edition of this title.

Book Description

This accessible volume arises from a series of intensive mathematics workshops where prominent set theorists give one-day lectures that focus on important new directions, methods, tools and results. A wide range of researchers and graduate students will benefit from the material within, which is aimed at non-experts.

About the Author

James Cummings is a Professor of Mathematical Sciences at Carnegie Mellon University in Pittsburgh, Pennsylvania.

"About this title" may belong to another edition of this title.