Robustness and Fragility of Markets: Research at the Interface of Economics and Computer Science
5 Pages Posted: 12 Aug 2011
Date Written: 2010
Market behavior is the central topic of economics. Yet while economists have a good understanding of the behavior of well-functioning markets, we have little to say about market fragility, market resiliency, and market collapse. Research emerging at the frontier between computer science and economics offers new ways of addressing this important issue.
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