IDEAS home Printed from https://ideas.repec.org/p/mit/sloanp/2219.html
   My bibliography  Save this paper

Control-theory heuristics for improving the behavior of economic models

Author

Listed:
  • Sterman, John.
  • Özveren, Cüneyt M.

Abstract

Includes bibliographical references (p. 20-22).

Suggested Citation

  • Sterman, John. & Özveren, Cüneyt M., 1988. "Control-theory heuristics for improving the behavior of economic models," Working papers WP 2074-88., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    • Handle: RePEc:mit:sloanp:2219
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/1721.1/2219
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sterman, John D., 1985. "A behavioral model of the economic long wave," Journal of Economic Behavior & Organization, Elsevier, vol. 6(1), pages 17-53, March.
    2. John D. Sterman, 1987. "Testing Behavioral Simulation Models by Direct Experiment," Management Science, INFORMS, vol. 33(12), pages 1572-1592, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sterman, John, 1987. "Misperceptions of feedback in dynamic decisionmaking," Working papers 1899-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    2. Sterman, John, 1987. "Modeling managerial behavior--misperceptions of feedback in a dynamic decisionmaking experiment," Working papers 1933-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    3. Yinhe Bu & Xingping Zhang, 2021. "On the Way to Integrate Increasing Shares of Variable Renewables in China: Experience from Flexibility Modification and Deep Peak Regulation Ancillary Service Market Based on MILP-UC Programming," Sustainability, MDPI, vol. 13(5), pages 1-22, February.
    4. J. Barkley Rosser & Marina Vchershnaya Rosser, 1997. "Schumpeterian Evolutionary Dynamics and the Collapse of Soviet-Bloc Socialism," Review of Political Economy, Taylor & Francis Journals, vol. 9(2), pages 211-223.
    5. G. Silverberg, 2007. "Long Waves: Conceptual, Empirical and Modelling Issues," Chapters, in: Horst Hanusch & Andreas Pyka (ed.), Elgar Companion to Neo-Schumpeterian Economics, chapter 50, Edward Elgar Publishing.
    6. Sterman, John., 1986. "Testing behavioral simulation models by direct experiment," Working papers 1752-86., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    7. Coccia, Mario, 2018. "A Theory of the General Causes of Long Waves: War, General Purpose Technologies, and Economic Change," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 287-295.
    8. Stephan Billinger & Kannan Srikanth & Nils Stieglitz & Terry R. Schumacher, 2021. "Exploration and exploitation in complex search tasks: How feedback influences whether and where human agents search," Strategic Management Journal, Wiley Blackwell, vol. 42(2), pages 361-385, February.
    9. Marco A. Janssen & Jeroen C.J.M. van den Bergh, 1999. "SIMBIOSES: Modelling Industrial Metabolism in a Multi-Regional Economic System," Tinbergen Institute Discussion Papers 99-060/3, Tinbergen Institute.
    10. Son, Joong Y. & Sheu, Chwen, 2008. "The impact of replenishment policy deviations in a decentralized supply chain," International Journal of Production Economics, Elsevier, vol. 113(2), pages 785-804, June.
    11. Nijkamp, P. & Poot, J., 1991. "Lessons from non-linear dynamic economics," Serie Research Memoranda 0105, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    12. Rye, Craig D. & Jackson, Tim, 2018. "A review of EROEI-dynamics energy-transition models," Energy Policy, Elsevier, vol. 122(C), pages 260-272.
    13. Gencer, Busra & van Ackere, Ann, 2021. "Achieving long-term renewable energy goals: Do intermediate targets matter?," Utilities Policy, Elsevier, vol. 71(C).
    14. Nijkamp, P. & Reggiani, A., 1989. "Logit models and chaotic behaviour," Serie Research Memoranda 0054, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    15. Sterman, John, 1984. "An integrated theory of the economic long wave," Working papers 1563-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    16. Federico Cosenz & Guido Noto, 2016. "Applying System Dynamics Modelling to Strategic Management: A Literature Review," Systems Research and Behavioral Science, Wiley Blackwell, vol. 33(6), pages 703-741, November.
    17. Paich, Mark. & Sterman, John., 1992. "Boom, bust and failures to learn in experimental markets," Working papers 3441-92., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    18. Jamee K. Moudud, 2000. "Crowding In or Crowding Out? A Classical-Harrodian Perspective," Economics Working Paper Archive wp_315, Levy Economics Institute.
    19. Stephen J. Mezias & Mary Ann Glynn, 1993. "The three faces of corporate renewal: Institution, revolution, and evolution," Strategic Management Journal, Wiley Blackwell, vol. 14(2), pages 77-101, February.
    20. Sterman, John. & Meadows, Dennis Lynn., 1985. "Strategem-2 : a microcomputer simulation game of the Kondratiev cycle," Working papers 1623-85., Massachusetts Institute of Technology (MIT), Sloan School of Management.

    More about this item

    Keywords

    HD28 .M414 no.2074-; 88;

    JEL classification:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mit:sloanp:2219. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: None (email available below). General contact details of provider: https://edirc.repec.org/data/ssmitus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.