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System Dynamics, The Basic Elements of

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Complex Systems in Finance and Econometrics

Article Outline

Glossary

Definition of the Subject

Introduction

Feedback Thinking

Loop Dominance and Nonlinearity

The Endogenous Point of View

System Structure

Suggestions for Further Reading on the Core of System Dynamics

Bibliography

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Abbreviations

Endogenous:

Generated from within. Contrasting with “exogenous,” meaning generated by forces external to a system or point of view.

Feedback loop:

A closed path of causal influences and information, forming a circular‐causal loop of information and action.

System dynamics:

System dynamics is a computer‐aided approach to theory‐building, policy analysis and strategic decision support emerging from an endogenous point of view.

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Author information

Authors and Affiliations

  1. Rockefeller College of Public Affairs and Policy, University at Albany, State University of New York, Albany, USA

    George P. Richardson

Authors
  1. George P. Richardson
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Editor information

Editors and Affiliations

  1. RAMTECH LIMITED, 122 Escalle Lane, Larkspur, CA, 94939, USA

    Robert A. Meyers Ph. D. (Editor-in-Chief) (Editor-in-Chief)

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© 2009 Springer-Verlag

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Richardson, G.P. (2009). System Dynamics, The Basic Elements of. In: Meyers, R. (eds) Complex Systems in Finance and Econometrics. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-7701-4_48

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  • DOI: https://doi.org/10.1007/978-1-4419-7701-4_48

  • Publisher Name: Springer, New York, NY

  • Print ISBN: 978-1-4419-7700-7

  • Online ISBN: 978-1-4419-7701-4

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