|
|
|
| The Progress of Complexity Science in Finance Research |
| LU Zhoulai1, MENG Binbin1, WU Weitao1, ZHAO Jing2, QI Gang1, ZHAO Yangfan1
|
1. Defense Innovation Institute, Beijing 100071, China;
2. Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China |
|
|
|
|
Abstract Mission of this research is to better capture the complexity of large-scale financial systems and overcome the insufficiency of equilibrium based neoclassical finance and behavioral finance in revealing the mechanism of financial crisis and the emergence of order. This study started from the dilemma of existing theories and the motivation of introducting complexity science. Then advances of multi-agent simulation and complex network analysis are summarized and discussed as two fundimental instruments of complexity science. Research trends of complexity science in financial research, are proposed as the result of the discussions. This study provides methodology reference and analytical tools for the theoretical research and practical applications of complex financial systems in the new era.
|
|
Received: 16 November 2022
Published: 17 July 2024
|
|
|
|
|
|
|
|
|
