Incentives, equilibria, and emergent markets.
Economics › Behavioral economics
Factors influencing economic decisions
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory.
Economics › Monetary economics
Trade bloc with a common tariff and currency
An economic and monetary union (EMU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economic integration.
Mathematics › Game theory
Game where groups of players may enforce cooperative behaviour
In game theory, a cooperative or coalitional game is a game with groups of players who form binding "coalitions" with external enforcement of cooperative behavior (e.g. through contract law).
Economics › Complexity economics
Systems-based study of economic processes
Agent-based computational economics (ACE) is the area of computational economics that studies economic processes, including whole economies, as dynamic systems of interacting agents. As such, it falls in the paradigm of complex adaptive systems.
Economics › Monetary economics
Decrease in the general price level
In economics, deflation is an increase in the real value of the monetary unit of account, as reflected in a decrease in the general price level of goods and services exchanged, measurable by broad price indices.
Economics › Monetary economics
Medium of payment recognized by law
Legal tender is a form of money that the law recognises as valid for the discharge of a monetary debt in a jurisdiction. What constitutes legal tender varies between jurisdictions.
Mathematics › Game theory
Concept in economics
The expected utility hypothesis is a foundational assumption in mathematical economics concerning decision making under uncertainty. It postulates that rational agents maximize utility, meaning the subjective desirability of their actions.
Economics › Complexity economics
Branch of physics seeking to explain chaotic dynamical systems in terms of quantum theory
Quantum chaos is a branch of physics focused on how chaotic classical dynamical systems can be described in terms of quantum theory.
Economics › Behavioral economics
Research that collects physiological parameters in addition to recording behavior
Physioeconomics (or physio-economics) is an extension of experimental economics research that collects physiological parameters in addition to recording behavior. These measures can include skin conductance, blood pressure and the pulse of the subject.
Mathematics › Game theory
Class of mathematical game
Octal games are a subclass of heap games that involve removing tokens (game pieces or stones) from heaps of tokens. They have been studied in combinatorial game theory as a generalization of Nim, Kayles, and similar games.
Economics › Complexity economics
Type of biased random walk on a graph
A maximal entropy random walk (MERW) is a popular type of biased random walk on a graph, in which transition probabilities are chosen accordingly to the principle of maximum entropy, which says that the probability distribution which best represents the current state of knowledge is the one with largest entropy.
Economics › Behavioral economics
Personal finance software
Qapital is a personal finance mobile application (app) for the iOS and Android operating systems, developed by Qapital, LLC. The app is designed to motivate users to save money through a gamification of their spending behavior.
