Resultado da Busca
W. BRIAN ARTHUR is a leading economist and complexity thinker. He is best known for his pioneering work on positive feedbacks or increasing returns in the economy—what happens when products that gain market share find it easier to gain further market share—and their role in locking markets in to the domination of a single player.
W. Brian Arthur is External Professor at the Santa Fe Institute, and Visiting Researcher in the Intelligent Systems Lab at PARC (formerly Xerox Parc) in Palo Alto. Arthur pioneered the modern study of positive feedbacks or increasing returns in the economy--in particular their role in magnifying small, random events in the economy and locking in dominant players.
Copyright 2021 - Brian Arthur - All Rights Reserved
Increasing Returns and the New World of Business. by. W. Brian Arthur. From the Magazine (July–August 1996) Our understanding of how markets and businesses operate was passed down to us more ...
1 de ago. de 2023 · W. Brian Arthur: I think we are living through a period of great uncertainty. There’s been COVID-19, disrupted supply chains, the war in Ukraine, a deterioration of relations with China, inflationary pressures. You could also add in the rise of generative AI and of hybrid and remote work.
One of these— complexity economics— was pioneered in the 1980s and 1990s by a small team at the Santa Fe Institute led by W. Brian Arthur. The standard framework sees behavior in the economy as in an equilibrium steady state. People in the economy face well-defined problems and use perfect deductive reasoning to base their actions on.
"We launched Java based on Arthur's ideas," says Eric Schmidt, then CTO of Sun Microsystems. In 1990 Arthur was awarded the international Schumpeter Prize in economics for this work. Book: Increasing Returns and Path Dependence in the Economy . by W. Brian Arthur, Univ. of Michigan Press, 1994. Foreword by Kenneth J. Arrow.
