University of Applied Sciences in Potsdam has a 2-year position to offer in a new research project related to participatory modelling of future urban mobility systems in Potsdam/near Berlin, Germ[…]
Adaptive resilient economy: responding to shocks under boundedly-rational economic expectations
We focus on modeling economy as an adaptive complex system. Heterogeneous economic agents with bounded rationality and imperfect information make decisions and interact with each other giving rise to macroeconomic phenomena. Economies globally become more interconnected and prone to shocks (incl. climate-induced natural hazards). How do networked economies recover and evolve in face of adversities?