Experimental Evidence of Deterministic Chaos in Human Decision Making Behavior
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
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Print on Demand. This book delves into the fascinating and often overlooked realm of human decision-making, exploring the complex interplay between individual choices and the emergent behavior of systems. Drawing inspiration from the burgeoning field of chaos theory, which has revealed the unexpected patterns in physical systems, the author investigates whether similar principles of unpredictability and self-organization might also govern human behavior. Using a carefully designed experiment, the author challenges the traditional assumption of rationality in human decision-making. By simulating a microeconomic system ââ â a production and distribution chain known as the "Beer Distribution Game" ââ â the author demonstrates that even in a seemingly straightforward context, human subjects often exhibit surprising and sometimes chaotic patterns in their actions. The results reveal a surprising degree of complexity and suboptimal performance, highlighting the limitations of traditional economic models which often assume perfect rationality and predictable behavior. Through rigorous analysis, the author develops a model of the subjectsââ ⢠decision-making process, demonstrating that human choices are not always governed by pure logic but can be influenced by cognitive heuristics, such as anchoring and adjustment. This discovery has profound implications for our understanding of social and economic systems, suggesting that even seemingly simple decisions can have unpredictable consequences, potentially leading to oscillations, amplifications, and even chaotic outcomes. The book's insights into the complex interplay between human decision-making and systemic behavior challenge conventional wisdom and offer a more nuanced and realistic perspective on how individuals and systems interact. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781332260256_0
- Title
- Experimental Evidence of Deterministic Chaos in Human Decision Making Behavior
- Author
- John Sterman, Erik Mosekilde
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 133226025X
- ISBN 13
- 9781332260256
- Seller catalogs
- Marketing
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About the Author
Martin Bertau is Professor of Technical Chemistry at Freiberg University of Mining and Technology. He received his PhD in organic chemistry from Freiburg University, Germany, in 1997. He then ran the biotechnology division of Rohner Ltd. in Basle, Switzerland, conducting research and education in co-operation with the University of Basle and Basle University of Applied Sciences, before joining Dresden University of Technology in 2000 as Assistant Professor and head of the bioorganic chemistry group. Since 2006 he has been leading the Institute of Technical Chemistry at Freiberg University of Mining and Technology. His scientific interests include molecular principles of whole-cell biocatalysis and the computational simulation of intracellular interactions in the presence of xenobiotics, as well as methods for the production of semiconducting materials and applications thereof in chemistry and life sciences.
Hans V. Westerhoff is AstraZeneca Professor of Systems Biology at the Manchester Centre for Integrative Systems Biology as well Professor of Microbial Physiology at the Free University Amsterdam and of Mathematical Biochemistry at the University of Amsterdam. He has edited several journals, chaired the Steering Committee of the German HepatoSys program and has held the Unilever Chemistry prize, the Prize of the Dutch Biochemical Society and the gold medal of the Royal Dutch Chemical Society. Professor Westerhoff has worked on hierarchical control and regulation, the silicon cell, EGF signaling, and DNA structure, as well as exemplifying bottom-up systems biology.
Born in Arhus, Denmark, Erik Mosekilde gained his PhD from the Technical University of Denmark, and shortlyafterwards received an IBM postdoctoral fellowship for the Thomas J. Watson Research Center, New York. In 1972 he was appointed associate professor in modern physics, and in 2000 Professor in Biological Applications of Nonlinear Dynamics at the Technical University of Denmark. He has been a member of various educational and editorial boards, a visiting researcher or guest professor at 15 institutes worldwide, on the steering committee of several societies, and has a number of books and articles to his name. Professor Mosekilde is currently a member of the Danish Academy of Natural Sciences, coordinator of a European network of excellence in biosimulation and chairman of MIDIT.
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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