Complex Economics: Individual and Collective Rationality

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More is different ... and complex! the case for agent-based macroeconomics (2019, background): “…agent appears to prefer a, all 16A discussion of the limits of the representative assumption in light of the current crisis is contained in Kirman (2010b). the “represented” individuals might well prefer b. Finally, the RA assumption also induces additional difficulties on testing…”
Crises and Collective Socio-Economic Phenomena: Simple Models and Challenges (2012, background): “The big problem is that these crises are anything but rare [84]: the economy is not a ship sailing on a well-defined trajectory which occasionally gets knocked off course [7].”
The dog and the frisbee (2012, background): “of the rational‐expectations‐cum‐general‐equilibrium framework for capturing key elements of the current crisis (Kirman 2010).”
Uncertainty of climate policies and implications for economics and finance: An evolutionary economics approach (2019, background): “…theory of economic change was developed by Nelson and Winter (1982), and this approach has been linked with complex systems ideas to describe how economies have evolved and grown more complex over the long-term (Beinhocker, 2006; Kirman 2010, Nelson et al. 2018, Dosi and Roventini 2019).”