Sentences with phrase «complex economic system»

Its main features include non-linear dialogues and quests, a complex economic system driven by players, a huge open world with many territories to be conquered through PvP or Clan Wars and full freedom for players to customize their role and skills.

One thing that did irk me a little throughout playing the game is that while there's nuanced and complex economic system going on underneath the surface, I didn't feel like it was actually effecting me all that much.

Dr. De Vany is Professor Emeritus of the University of California in economics and mathematical behavioral sciences who is best known for his research in decentralized, complex economic systems and is the author of more than 100 scientific articles and books.

Brian, Tom Sargent's recent Nobel committee citation includes reference to his work on «robust control» modeling of complex economic systems which, as Machina notes, is a special case of the MMR «Variational Preferences» model of ambiguity aversion.

Instead of studying the complex economic systems that sustained another sophisticated world, and their eventual demise, we seem to prefer to read about things that are wholly different from our own experience, like the ascetic saints of the late and post-Roman worlds, who are very fashionable in late - antique studies.

Globally, the dominant economic intervention affecting food pricing is national taxation on food to raise general revenue.17, 18 In Australia, the basic foods required to maintain health were mostly exempted from the Goods and Services Tax (GST), and the price of these foods was expected to fall after the introduction of the new tax system in 2000.19 However, in Queensland from 2000 to 2001, the price of a basket of healthy foods increased by 12 %, more than twice that of less healthy options.20 This highlights the unpredictability of complex economic systems and the need for rigorous testing of economic solutions to increase access to healthy food.18 Such testing is imperative within remote communities, but baseline data are not readily available as Australia lacks a comprehensive food and nutrition monitoring and surveillance system.

Not exact matches

Their models of linear development (most famously W.W. Roster's «five stages» of economic development) were gradually replaced by more complex analyses of economies as «systems», in which complex institutional constraints could distort or prevent convergence.

MaRS also leads important systems change initiatives to tackle complex societal and economic issues and open new markets.

After confronting the «knowledge problem» at the heart of discretionary monetary policy — that policymakers are unable to know the true structure of an increasingly complex and global economic system — Dorn calls for the establishment of a Centennial Monetary Commission to evaluate the performance of the Fed over its 100 - plus years of discretionary monetary authority and to discuss how best to reform the country's central bank.

Instead of making unrealistically simplistic assumptions about human behaviour and the properties of markets, we can harness the number - crunching power of modern computing, coupled with our emerging understanding of the physics of complex systems, to rebuild economic theory from the bottom up.

«The human socio - economic system is a complex one with a lot of moving parts.

The article, which is authored by an interdisciplinary group of scientists from the fields of economics and banking, ecology, epidemiology, physics, computer science and sociology argues that applications of complex networks, agent - based models and laboratory experiments offer great potential to better grasp complex financial economic systems.

Yance Ford's debut feature is a deeply moving, complex film about a family murder, memory, injustice and the institutional racism that continues to pervade America's legal, social and economic systems.

The court concluded that an adequate education requires among other things «sufficient oral and written communication skills» for functioning «in a complex and rapidly changing civilization,» «sufficient knowledge of economic, social and political systems to enable the student to make informed choices,» and a «sufficient grounding in the arts to enable each student to appreciate his or her cultural and historical heritage.»

Uncertainty and conflicts are spreading across the world; political and economic systems are facing newer and complex challenges; and reductionist science is rapidly changing human civilization.

How does education move from dialogue to action in the context of complex systems and multiple political, economic, and social imperatives?

Schools and their systems find themselves without human capital and resources to meet the complex academic, emotional and economic realities of vulnerable youth, particularly those in urban and poverty areas.

«We've been quietly building up this complex network of interlocking services, strategically positioned team members, and economic systems for several years,» continued Baker.

Kurant's research - based practice explores how complex social, economic and cultural systems can operate in ways that confuse distinctions between fiction and reality or nature and culture.

Together, these works dismantle notions of artistic autonomy through multifarious approaches to collaboration, outsourcing and appropriation, while revealing the complex social and economic systems in which we are complicit.

The starting point for the artists featured in You Don't Need a Weatherman are investigations aimed at revealing social dynamics, economic systems, and political relations within an increasingly complex world of virtual representation, infinite sources of information, and invisible data flows.

Conceptual interdisciplinary artist, Agnieszka Kurant explores how complex social, economic and cultural systems can operate in ways that confuse distinctions between fiction and reality or nature and culture.

*** «Perhaps concern over «uncertainty» in complex, adaptive, open systems should be investigated by inductive generalization from observations of the dynamics of a wide range of such systems: ecosystems, social systems, computer systems, immune systems, economic systems... It is curious that the following things are never admitted as «facts about the world,» but here goes: the observer would note of all of these systems that they undergo oscillations within apparent parameters and occasionally flip into new regimes; they often demonstrate novel emergence; and that increased forcing, whether of native elements or exotic ones, increases the rates of oscillation and catastrophic shifts, sometimes after a quieter period of sub-threshold build - up.

So in the case of global warming just like many other cases, I would indeed say that if the economic and quasi-economic rules of journalism dictate that a complex story shouldn't be covered, indeed, «global warming» shouldn't be covered because it is one of the very complex systems on Earth influenced by very many complex effects and their relationships.

Extreme events are a key manifestation of complex systems, in both the natural and human world.Their economic and social consequences are a matter of enormous concern.

Attainment of the Millennium Development Goals, particularly the first goal of eradicating extreme poverty and hunger, in the face of climate change will therefore require science that specifically considers food insecurity as an integral element of human vulnerability within the context of complex social, economic, political and biophysical systems, and that is able to offer usable findings for decision - makers at all scales.

by Judith Curry Health risks arise from the interaction of uncertain future climatic changes with complex ecological, physical, and socio - economic systems, which are simultaneously affected by numerous other changes, e.g. globalisation, demographic changes, and changes in land use, nutrition, health care quality.

As global food networks become more complex and interdependent, how concerned should we be about the stability of the system being disrupted by geopolitical, economic, and climatic events?

For example, Dr. Gattie states: «These are regions where advanced energy systems such as nuclear, high efficiency combined - cycle natural gas plants, CCS, and renewable energy can be implemented to meet complex and emerging economic and environmental needs and where carbon reduction can have the greatest climate impact (Gattie 2016b).»

These are regions where advanced energy systems such as nuclear, high efficiency combined - cycle natural gas plants, CCS, and renewable energy can be implemented to meet complex and emerging economic and environmental needs and where carbon reduction can have the greatest climate impact (Gattie 2016b).

Extreme impacts can also result from complex interactions of physical events with biological, social, and economic systems, and these systems with each other, in a cascade of risk.

Moreover, the vulnerabilities of the complex and globally connected socio - economic system to such extreme events have become more widely recognized (Mileti, 1999; NRC, 2010a; NRC, 2012c) and the impacts of extreme events on societal tipping points have been more clearly appreciated (Lenton et al., 2008; Nel and Righarts, 2008).

Judith raises concerns about the epistemology of models for open, complex systems, distinctly indefinite... and then... adopting an uncertain global climate policy that could possibly produce «losses that throw mankind into economic, social and environmental bankruptcy.»

The creation of the consumer economy — a complex, interconnected system of institutions, goals, rewards, and punishments — was one of the great social projects of the twentieth century, when energy was cheaply abundant and two of our chief economic problems were overproduction and unemployment.

I would never base economic policy advice purely on modelling outcomes, I would think that would apply even more forcefully in the case of climate models involving much more complex and less understood systems.

In making difficult decisions on complex issues of who was to pay, how it was to be financed, how long benefits would last and whether the system would be public or private, Meredith's vision was both economic and humanitarian, focusing on the public interest.

It will be the centre where seminars will take place to discuss how technology can be used to manage complex social and economic systems.

Blockchain technology has made it possible for decentralized software systems to coordinate complex economic activity that, until now, was only practically possible for a centralized legal entity like a corporation.

For instance, our legal systems assume the existence of a legal entity at the center of any complex economic activity.

Experience with analog design, power system design that involves complex power analysis, modeling of generators, transformers and transmission lines with ability to assess steady - state real and reactive power flow problems, economic dispatch, faults, sequenced networks and P - V and Q - V analysis for voltage stability margins.