Anticipatory Systems, Preferences, Averages: Inflation, Uncertain Phenomena, Management
Behavior of systems that are functions of anticipated behavior of other systems, whose own behavior is also anticipatory but homeostatic and determined by hierarchical ordering, which changes over time, of sets of possible environments that are not co-possible, is proven to be highly non-linear and sensitively dependent on precise parameters. Averages and other kinds of aggregates cannot be calculated for sets of measurements of behavior of systems, defined in this essay, that are "index complex" in this way. This includes many systems, for instance, social behavior, where anticipation of behavior of other individuals plays a central role. Anticipation of preferences of economic actors are discussed in this way. Analysis by way of generalized functions of complex variables is done for these kinds of systems, and equations of change of state are formally described. Behavior that comprises of responses to market interest rates is taken for example. Continuity assumptions in economics analyzed in this context. Anticipatory responses to inflation in economics are discussed. Applications to theory of production are presented.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- E. H. Phelps Brown, 1934. "Notes on the Determinateness of the Utility Function: I," Review of Economic Studies, Oxford University Press, vol. 2(1), pages 66-69.
- O. Lange, 1934. "The Determinateness of the Utility Function," Review of Economic Studies, Oxford University Press, vol. 1(3), pages 218-225.
When requesting a correction, please mention this item's handle: RePEc:arx:papers:1301.4207. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (arXiv administrators)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.