Dynamics In Markets And Complex Adaptive Systems: A Review
35 Pages Posted: 23 Jan 2020
Date Written: 2019
Abstract
This article is a summary (Introduction Chapter) of my PHD Thesis at Tilburg University (Tilburg, Netherlands) and the thesis consisted of articles that I had written (and some were published) before I was admitted into the PHD degree program in 2013. The article: i) explains the relationships among the PHD Thesis chapters; ii) defines and summarizes the research methods used and introduces new research methods that I developed; iii) explains key elements of Behavioral Operations Research in markets and Complex Adaptive Systems. My PHD thesis introduces new Dynamical Systems models/theories and explains why the Mean Variance Framework (which is widely used in Operations Research, social sciences and natural sciences) is invalid.
Keywords: Behavioral Operations Research; Complex Adaptive Systems; Systemic Risk; Dynamical Systems; Global Structural Change; Mean-Variance Framework; Game Theory
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