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Complexity and Economics Research Cluster

Complexity and Economics Research Cluster

James Porter gave an overview of Peyton Young's framework for analysing the evolution of conventions taken from his book: Individual Strategy and Social Structure and paper: Young, H Peyton, 1993. The Evolution of Conventions, Econometrica.

Paul Youdell introduced the basic concepts of Agent-Based Computational Economics and the El Farol model which inspired research on Minority Games.

Here is the powerpoint file from our first meeting:

Week 1 - Macroeconomic Phase Transitions

We settled on the acronym CERC, Paul Youdell offered to present something next week, James Porter the following week.

This page contains the latest news from CERC.