David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Mind and Society 4 (2):223-238 (2005)
During the last decade, the interaction based models have received increased attention in economics, mainly with the recognition that modeling aggregate patterns of behavior requires viewing individuals in their social environments continuously in interaction with each other. The existing literature suggests that statistical mechanics tools can be useful to model interactions among economic agents. In addition to statistical mechanics, the network approach has also gained popularity, as is evident in the rising attention attributed to small world models and scale free network topologies. These developments point to the fact that interdisciplinary research in economics, mainly using the tools of physics has accelerated to a great extent. In this paper, we review the analogies made between molecules and economic agents in statistical mechanics models, as they are utilized in economics literature. We perform a simulation study by using the small world model and statistical mechanics, to demonstrate the influence of network structure in the spreading of organizational forms, in particular the research collaboration decisions of firms
|Keywords||Networks Statistical mechanics Inter-firm collaborations Small world networks|
No categories specified
(categorize this paper)
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Eric Winsberg (2004). Laws and Statistical Mechanics. Philosophy of Science 71 (5):707-718.
Tom Engsted (2009). Statistical Vs. Economic Significance in Economics and Econometrics: Further Comments on McCloskey and Ziliak. Journal of Economic Methodology 16 (4):393-408.
Yemima Ben-Menahem & Itamar Pitowsky (2001). Introduction. Studies in History and Philosophy of Science Part B: Studies in History and Philosophy of Modern Physics 32 (4):503-510.
Amit Hagar (2012). Decoherence: The View From the History and the Philosophy of Science. Phil. Trans. Royal Soc. London A 375 (1975).
Lawrence Sklar (1993). Physics and Chance: Philosophical Issues in the Foundations of Statistical Mechanics. Cambridge University Press.
Stephen Leeds (2003). Foundations of Statistical Mechanics—Two Approaches. Philosophy of Science 70 (1):126-144.
Steven Rappaport (2001). Economic Models as Mini-Theories. Journal of Economic Methodology 8 (2):275-285.
Nicholas Maxwell (1975). Does the Minimal Statistical Interpretation of Quantum Mechanics Resolve the Measurement Problem? Methodology and Science 8:84-101.
Added to index2010-08-10
Total downloads10 ( #156,754 of 1,140,007 )
Recent downloads (6 months)1 ( #157,514 of 1,140,007 )
How can I increase my downloads?