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Welcome and Introduction David Hales, Jeff Johnson Open University, UK

Non-Equilibrium Social Science. Welcome and Introduction David Hales, Jeff Johnson Open University, UK. What is NESS. NESS stands for Non-Equilibrium Social Science

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Welcome and Introduction David Hales, Jeff Johnson Open University, UK

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  1. Non-Equilibrium Social Science Welcome and Introduction David Hales, Jeff Johnson Open University, UK

  2. What is NESS • NESS stands for Non-Equilibrium Social Science • A key focus of the group is economics, where the equilibrium approach (though dominant), struggles to capture economic realities • But we are interested in all the social sciences

  3. Key People • Paul Ormerod, Volterra Partners and Durham University, UK • Mauro Galgatti, Department of Economics, UniversitaPolitecnicadelle Marche, Italy • Jeff Johnson, Open University, UK and EU Coordinated Actions Projects • Andrzej Nowak, Director, Center for Complex Systems, University of Warsaw • Bridget Rosewell, Chief Economic Adviser to the Greater London Authority and Volterra Partners • Yi-Cheng Zhang, Editor and founder of Econophysics Forum, Fribourg University, Switzerland

  4. New EU project: NESS • 3 Year FET-Open CA. Starting late 2011 • Key NESS people • Involves top EU NESS researchers focusing on Economics and ICT • Objectives: • Build an open NESS community • Identify NESS foundations and applications • Engage with policy and business stakeholders • Disseminate NESS ideas and project outputs

  5. Economics new economic paradigms realistic economic models new community new ICT design NESS ICT new modelling tools

  6. General public Articles in professional press, access to web portal, may attend open events where space allows Wider NESS community Associate Partners Invited to events, access to web portal, contacted proactively via outreach activities Funded to attend events as speakers or participants. Support aims of project Core Partners New Associate Partners Organise work packages produce deliverables May join at any time during life-time of the project subject to approval by core partners

  7. More info on NESS As it becomes available at: http://www.nessnetwork.eu/

  8. Today's Programme: Session 1 (09:30 - 10:45) 1hr 15mins 09:45 - Talk 1 - Paul Ormerod: Rational agent behaviour in non-equilibrium systems Coffee break (10:45 - 11:15) Session 2 (11:15 - 12:45) 1hr 30mins 11:15 - Talk 2 - Andrzej Nowak: Social dynamics of financial markets 12:00 - Talk 3 - Mauro Gallegati: Dynamic Aggregation in Heterogeneous Interacting Agents and Network: An Analytical Solution for Agent Based Models Lunch (12:45 - 14:00) Session 3 (14:00 - 15:30) 1hr 30mins 14:00 - Talk 4 - David Hales: Denationalising money: can quality emerge? 14:45 - Talk 5 - Bruce Edmonds: Mundane Rationality as a Basis for Modelling and Understanding Behaviour within Specific Contexts Coffee break (15:30 - 16:30) Session 4 (16:30 - 18:30) 2hrs 16:30 - Panel discussion (Ormerod, Gallegati, Nowak, Yi-Cheng, Jeff Johnson, Edmonds) 17:30 - Conclusion and Discussion

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