Options
Crisis Prevention : What Is Necessary to Avoid the Next Crisis?
ISBN
978-3-85206-178-8
Type
conference paper
Date Issued
2010-04-06
Author(s)
Editor(s)
Trappl, Robert
Abstract
The current economic crisis could deliver valuable lessons for economic agents. However, it seems that those have not learnt essential lessons, continuing their "business as usual". A dynamic simulation model presented in this chapter highlights that this is likely to lead to the next crunch in the offing. Even before we have mastered this crisis the next one is already looming. Does prevention have a chance? How can it be achieved?
Language
English
Keywords
Crisis Prevention; Financial Crisis; Profit Maximization
Dynamic Simulation Model
HSG Classification
contribution to scientific community
Refereed
No
Book title
Cybernetics and Systems 2010
Publisher
Austrian Society for Cybernetic Studies
Publisher place
Vienna
Start page
315
End page
320
Pages
6
Event Title
20th European Meeting on Cybernetics and Systems Research (EMCSR)
Event Location
Vienna, Austria
Event Date
06.-09.04.2010
Subject(s)
Division(s)
Eprints ID
62097