Contents
P a r t I G e n e r a l I s s u e s
Rationality, learning and complexity: from the Homo economicus
to the Homo sapiens
A. Vercelli ..………………………………………………………………..…… 3
The Confused State of Complexity Economics: An Ontological
Explanation
E. Perona ...………………………………………………………………..….. 33
P a r t I I M o d e l i n g I s s u e s I
Modeling Economic Complexity
The Complex Problem of Modeling Economic Complexity
R. H. Day ...………………………………………………………………..….. 57
Visual Recurrence Analysis: Application to Economic Time series
M. Faggini ..…………………………………………………………………… 69
Complexity of Out-of-Equilibrium Play in Tax Evasion Game
V. Lipatov .……………………………………………………………………. 93
P a r t I I I M o d e l i n g I s s u e s I I
Using Models from Physics to Understand Economic Phenomena
A New Stochastic Framework for Macroeconomics: Some Illustrative
Examples
M. Aoki ..………………………………………………………...…………… 121
Probability of Traffic Violations and Risk of Crime - A Model of Economic
Agent Behavior
J. Mimkes ..………………………………………………………………….. 145

Markov Nets and the NetLab Platform: Application to Continuous Double
Auction
L. Muchnik and S. Solomon ..……………………………………………... 157
Synchronization in Coupled and Free Chaotic Systems
F.T. Arecchi, R. Meucci, E. Allaria, and S. Boccaletti ..………………… 181
Part I V A g e n t B a s e d M o d e l s
Explaining Social and Economic Phenomena by Models with Low or Zero
Cognition Agents
P. Ormerod, M. Trabatti, K. Glass, and R. Colbaugh ..………………… 201
Information and Cooperation in a Simulated Labor Market:
A Computational Model for the Evolution of Workers and Firms
S. A. Delre and D. Parisi ..………………………………………………… 211
P a r t V A p p l i c a t i o n s
Income Inequality, Corruption, and the Non-Observed Economy: A Global
Perspective
E. Ahmed, J. B. Rosser, Jr., and M. V. Rosser ..……………………….. 233
Forecasting Inflation with Forecast Combinations: Using Neural Networks
in Policy
P. McNelis and P. McAdam ..…………………………………………….. 253
P a r t V I P o l i c y I s s u e s
The Impossibility of an Effective Theory of Policy in a Complex Economy
K. Vela Velupillai …………………………………………………………… 273
Implications of Scaling Laws for Policy-Makers
M. Gallegati, A. Kirman, and A. Palestrini ..……………………………… 291
Robust Control and Monetary Policy Delegation
G. Diana and M. Sidiropoulos ..…………………………………………… 303