Fellow Marco van der Leij and alumnus Domenico Massaro have organized a new seminar series this year: the TI Complexity in Economics seminar series. In the seminar series experts from different fields will present applications of the complex systems approach to economics. This approach, popularized in physics, presents an alternative view of economics, a view in which markets are considered as complex evolving systems, emphasizing a bottom-up approach to model the financial system and the macro-economy as a network of interacting agents. Aggregate market phenomena, such as financial crises, are considered as emerging properties of complex systems resulting from the interaction of many heterogeneous households, firms, banks, investors, etc. The seminars will surely be different from what you are used to, and it might be a good complement to the (neo-)classical approach to economics that you already have learned or will learn in the core curriculum.

 

Topics and program

Topics covered include behavioral finance, behavioral macro, policy evaluation under bounded rationality and heterogeneous expectations. The seminar series takes place on Wednesdays from 16:00 to 17:15 at TI Amsterdam. Afterwards, there will be time for discussion with snacks and beverages. So far, the organizers arranged the following program.

October 9th: Nobuyuki Hanaki (University of Aix-Marseille): ‘It is Not Just Confusion! Strategic Uncertainty in an Experimental Asset Market’

October 16th: Co-Pierre Georg (University of Cape Town and Bundesbank): Title TBA

October 23rd: Volker Böhm (Universitat of Bielefeld): Title TBA

November 20th: Anxo Sanchez (University Carlos III, Madrid):Title TBA

December 11th: Frank Thuijsman (Maastricht University): Title TBA.

 

The organizers would like to invite all interested fellows and students to attend. If you have any questions, please contact Marco van der Leij and Domenico Massaro. Click here to find more information about the first seminar on October 9th.