Workshop on Nonlinearity, Complexity and Randomness 27/28 October, 2009

1. Algorithmic Social Sciences Research Unit[ASSRU]CIFREM/Department of EconomicsUniversity of Trento Workshop on Nonlinearity, Complexity and Randomness 27/28 October, 2009

2. Tuesday, 27 October 2009 • 9.00-10.00: Professor Vela Velupillai An Introduction to Nonlinearity, Complexity & Randomness – New Frontiers for Economic Modelling 10.00 – 10.30: Coffee Break • 10.30 – 12.00: Professors Carl Chiarella & Peter Flaschelwith Professor Sigrid Luchtenberg The Complex Dynamics of Capitalism • 12.00 – 13.30: Dr Hector Zenil The Algorithmic Footprint in Empirical data 13.30 – 15.00: Lunch • 15.00 – 16.30: Professor Cassey Lee Bounded Rationality & the Emergence of Simplicity amidst Complexity 16.30 – 17.00: Coffee Break • 17.00 – 18.30: Professor Francisco Doria Frontier Issues in the Theory of Computational Complexity 20.00: Dinner at OsteriaOrsoGrigio

3. Wednesday, 28 October 2009 • 9.00-10.00: Stefano Zambelli Forced vs. Coupled Nonlinear Macrodynamics: Endogenous Complexity and Randomness 10.00 – 10.30: Coffee Break • 10.30 – 12.00: Shu-Heng Chen Emergent Complexity in Agent-Based Computational Economics • 12.00 – 13.30: Sami Al-Suwailem Behavioural Complexity 13.30 – 15.00: Lunch • 15.00 – 16.30: SundarSarukkai Complexity & Randomness in Mathematics: Philosophical Reflections on the Relevance for Economic Modelling 16.30 – 17.00: Coffee Break • 17.00 – 18.30: Open Discussion on Dynamic Modelling in Economics Chairman: Professor Donald George 20.00: Dinner at RistoranteSaporiMediterranei Professors Velupillai and Zambelli will be hosting the speakers for buffet lunch and dinner on Sunday at their respective homes.

4. Notes on the Contributors Carl Chiarella Carl Chiarella is Professor of Quantitative Finance, in the School of Finance & Economics, at the University of Technology Sydney. He is also a Co-Editor of the Journal of Economic Dynamics and Control, in addition to being an associate editor of the Journal of Economic Behavior and Organization, Studies in Nonlinear Dynamics and Econometrics, Quantitative Finance and the European Journal of Finance. Carl Chiarella is the author or editor of numerous books on nonlinear dynamics in economics and finance . His articles have appeared in many of the leading Journals in economics and finance. Professor Chiarella has the rare distinction of having two doctorates: one in applied mathematics and another in economics Francisco Doria Francisco Doria is Professor of Communications at the Federal University at Rio de Janeiro and a member of the Brazilian Academy of Philosophy. Francisco Doria is the undisputed pioneer, with Newton Da Costa, of the classic undecidability results in the interface between nonlinear dynamics, computability theory, algorithmic randomness and computational complexity. His recent interests and contributions have been in the fields of hypercomputation, mathematical foundations of economic and game theories and an ‘exotic formalization’ of the P=NP problem. Peter Flaschel Peter Flaschel is Professor of Economics in the Department of Economics & Business Administration at Bielefeld University. Peter Flaschel is one of the most prolific, original and outstandingly innovative contributors to nonlinear disequilibrium macrodynamics from various classical, Keynesian, Schumpeterian, Goodwinian and Metzlerian perspectives. His many books on the theme of complex, nonlinear, non-neoclassical, macrodynamics have come to define a whole frontier of research fields. Professor Flaschel is also a past recipient of the Felix Hausdorf Memorial Prize in Mathematics awarded by the University of Bonn.

5. Notes on the Contributors (continued) Donald George Professor Donald George is a member of the department of economics at the University of Edinburgh. Donald George is the Founding Editor of the Journal of Economic Surveys . He has fostered an enlightened pluralist approach to economic theory and modelling, partly through his editorial activities. Professor George was an early contributor to nonlinear dynamics and chaos theory in macroeconomic modelling, particularly from non-neoclassical points of view. Shu-Heng Chen Professor Shu-Heng Chen holds the title of Distinguished Professor in the department of economics at the National Chengchi University, Taiwan. Shu-Heng Chen is the recipient of numerous awards for his intellectual contributions in economics and finance. He is, arguably, the World’s leading researcher in agent-based modelling in economics, finance and econometrics. Professor Chen is the founder and director of the first AI-Economics Laboratory in the World, hosted by the department of economics at the National Chengchi University. He is also the founding Director of the Experimental Economics Laboratory at the same University. Shu-Heng Chen is the Editor-in-Chief of New Mathematics and Natural Computation, the Editor of the Journal of Economic Interaction and Coordination and an Associate Editor of the Journal of Economic Behavior and Organization. Cassey Lee Professor Cassey Lee is a member of the Nottingham University Business School at the University of Nottingham, Malaysia Campus. Cassey Lee’s research focus has been centered on the areas of competition policy, economics of innovation, and industrial organization theory and has edited several books in one or another of these fields. Professor Lee has tried to infuse the traditional approach to regulation and industrial organization with a novel perspective from evolutionary complexity theories. His research contributions have also focused on theories of emergence and emergent complexity.

6. Notes on the Contributors (continued) Sundar Sarukkai Sundar Sarukkai is Professor of Philosophy of Science and Mathematics in the School of Humanities at the Centre for Philosophy of the Indian National Institute of Advanced Studies in Bangalore. His recent book on Indian Philosophy and Philosophy of Science has generated new interests and alternative perspectives on the rigid, western, approaches to philosophy of science. Professor Sarukkai has also been exploring the fertile interdisciplinary frontiers of phenomenolgy, mathematics and philosophy of mathematics, with special interests in algorithmic theories of randomness. He is a member of the Editorial Advisory Board of Advanced Studies in Mathematics and Logic; he is also a member of the advisory board of International Society for the Arts, Sciences and Technology. Professor Sarukkai is a past recipient of the prestigious Homi Babha Fellowhip. Sami Al Suwailem Dr Sami Al-Suwailem is a Senior Economist at the Islamic Research and Training Institute of the Islamic Development Bank Group, Jeddah, Saudi Arabia. His main research focus has been in the areas of agent-based simulation studies and mathematical foundations of economic theories, with a special inerest in understanding their complexity underpinnings. He recently completed a challenging monograph on Islamic Economics in a Complex World: - Explorations in Agent-Based Simulations.. Hector Zenil Dr Hector Zenil, a Senior Research Associate of the famed founder of Mathematica, Dr Stephen Wolfram, at Wolfram Research in Boston. Hector Zenil has, in recent years, emerged as one of the most innovative and exciting expositor of Kolmogorov-Chaitin visions of algorithic complexity. He has utilized this theoretically deep construct to interpret, imaginatively, the most important questions of science and civilization, in modern times.