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Economics of Information Biasing (in English)
Monowar Zaman
(Author)
·
Global Summit House
· Hardcover
Economics of Information Biasing (in English) - Zaman, Monowar
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Synopsis "Economics of Information Biasing (in English)"
This book describes a new scientific paradigm of economics that unifies the diverse thoughts of economics to provide a simplified but holistic view of real-world economic andsocial structures. It goes deep into very fundamental dynamics of rational behavior of economic agents with respect to information sharing amid their diverse self-interests. Ina real-world economy, the probability of achieving Pareto efficiency for a subset of the population is much higher than for the whole population. This model is enhanced todescribe that our market is not uniform but distributed in layers of energy states. Our social and economic institutions can be subjectively modeled as an information biasingchain where economic agents are positioned in different abstract coalitions according to the interdependence of their payoff functions. The upper layer coalitions virtuallycontrol the institutions for dominance, and they have greater influences on our markets that provoke growth by exhausting energy and other natural resources.This book contains over 100 illustrations.
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All books in our catalog are Original.
The book is written in English.
The binding of this edition is Hardcover.
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