As we move into the 21st century, the turbulent transformation of economy and society looks set to continue. Growing integration of markets, radical new technologies, the increasing knowledge intensity of human activity, all point to the emergence of an immensely complex world. But how will it be managed? And by whom? What forms of organisation and decision-making will be required at local, nat...

A new definition of events of game-theoretic probability zero in continuous time is proposed and used to prove results suggesting that trading in financial markets results in the emergence of properties usually associated with randomness. This paper concentrates on “qualitative” results, stated in terms of order (or order topology) rather than in terms of the precise values taken by the price p...

A new definition of events of game-theoretic probability zero in continuous time is proposed and used to prove results suggesting that trading in financial markets results in the emergence of properties usually associated with randomness. This paper concentrates on “qualitative” results, stated in terms of order (or order topology) rather than in terms of the precise values taken by a price pro...

Starting from the question how IDPs (Internally Displaced Persons) in the conflict-ridden city of Ambon (East Indonesia) adapted their income generation strategies during and after a high-intensity conflict, this working paper will illustrate how informal market activities became a strategy to cope with insecurity and economic hardship for internally displaced. This process indicates that IDPs,...

In a highly mediatized world, where the new media have the great potential to change existing cultural languages, one might assume that differences in communication tend to become levelled off. Or with the emergence of an apparently chaotic network of individual voices, a more thorough insight into the elements of different identities as well as into the verbal and non-verbal components of inte...

Using a few nonlinear econometric tools, this paper examines some time-series properties of GP-based arti cial markets. We nd that GP-based arti cial markets are able to replicate several stylized features well documented in nancial econometrics. In particular, the time series generated by the GPbased arti cial markets are consistent with the e cient market hypothesis in the linear sense. Furth...