{"id":"https://openalex.org/W2188493256","doi":null,"title":"Equilibrium Illusion and Evolutionary Foundation in Economic Theory","display_name":"Equilibrium Illusion and Evolutionary Foundation in Economic Theory","publication_year":2007,"publication_date":"2007-01-01","ids":{"openalex":"https://openalex.org/W2188493256","mag":"2188493256"},"language":"en","primary_location":{"id":"mag:2188493256","doi":null,"is_oa":false,"landing_page_url":"http://www.iuk.ac.jp/%7Eevoeco/PingChenEquiIllusion91407.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100400290","display_name":"Ping Chen","orcid":"https://orcid.org/0000-0001-5836-936X","observed_orcids":["https://orcid.org/0000-0001-5836-936X"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Ping Chen","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5100400290"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.70169997215271,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.70169997215271,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.1784999966621399,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.08669999986886978,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/nonlinear-dynamics","display_name":"nonlinear dynamics","score":0.6349999904632568},{"id":"https://openalex.org/keywords/complexity-science","display_name":"complexity science","score":0.6740000247955322},{"id":"https://openalex.org/keywords/representative-agent-model","display_name":"representative agent model","score":0.8830000162124634},{"id":"https://openalex.org/keywords/optimization","display_name":"optimization","score":0.37599998712539673},{"id":"https://openalex.org/keywords/institutional-convergence","display_name":"institutional convergence","score":0.9860000014305115},{"id":"https://openalex.org/keywords/social-behavior","display_name":"social behavior","score":0.7160000205039978}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6488412618637085},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.5901653170585632},{"id":"https://openalex.org/C154848440","wikidata":"https://www.wikidata.org/wiki/Q1382559","display_name":"Evolutionary economics","level":2,"score":0.5439732670783997},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.5215311050415039},{"id":"https://openalex.org/C166955791","wikidata":"https://www.wikidata.org/wiki/Q629579","display_name":"Macro","level":2,"score":0.5203942060470581},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.4793020784854889},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.4471363425254822},{"id":"https://openalex.org/C24511565","wikidata":"https://www.wikidata.org/wiki/Q5156626","display_name":"Complexity economics","level":5,"score":0.43727290630340576},{"id":"https://openalex.org/C2780966255","wikidata":"https://www.wikidata.org/wiki/Q5474306","display_name":"Foundation (evidence)","level":2,"score":0.42241019010543823},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3514123558998108},{"id":"https://openalex.org/C539667460","wikidata":"https://www.wikidata.org/wiki/Q2414942","display_name":"Management science","level":1,"score":0.3489217758178711},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.24256378412246704},{"id":"https://openalex.org/C149615983","wikidata":"https://www.wikidata.org/wiki/Q3296256","display_name":"Applied economics","level":2,"score":0.24080002307891846},{"id":"https://openalex.org/C508532215","wikidata":"https://www.wikidata.org/wiki/Q1582475","display_name":"Heterodox economics","level":4,"score":0.1758185625076294},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.13605377078056335},{"id":"https://openalex.org/C6358003","wikidata":"https://www.wikidata.org/wiki/Q73273","display_name":"Mainstream economics","level":3,"score":0.12105026841163635},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2188493256","doi":null,"is_oa":false,"landing_page_url":"http://www.iuk.ac.jp/%7Eevoeco/PingChenEquiIllusion91407.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W636633373","https://openalex.org/W1515244097","https://openalex.org/W1537543935","https://openalex.org/W1549592375","https://openalex.org/W1560398514","https://openalex.org/W1986779979","https://openalex.org/W1992649154","https://openalex.org/W2015930340","https://openalex.org/W2031847699","https://openalex.org/W2045962543","https://openalex.org/W2051732200","https://openalex.org/W2056621186","https://openalex.org/W2060827592","https://openalex.org/W2069443181","https://openalex.org/W2069888407","https://openalex.org/W2077791698","https://openalex.org/W2087096517","https://openalex.org/W2090353374","https://openalex.org/W2091123492","https://openalex.org/W2100556528","https://openalex.org/W2111293759","https://openalex.org/W2124597406","https://openalex.org/W2131740028","https://openalex.org/W2131773668","https://openalex.org/W2137358449","https://openalex.org/W2172604121","https://openalex.org/W2319350549","https://openalex.org/W2752710160","https://openalex.org/W2890222871","https://openalex.org/W2995871652","https://openalex.org/W3121147769","https://openalex.org/W3125929241","https://openalex.org/W4239578492","https://openalex.org/W4256346327"],"related_works":["https://openalex.org/W2096193891","https://openalex.org/W7095167234","https://openalex.org/W7055904024","https://openalex.org/W6999391178","https://openalex.org/W2356382431","https://openalex.org/W7099993824","https://openalex.org/W652033667","https://openalex.org/W1472686633","https://openalex.org/W2123082664","https://openalex.org/W1996245475"],"abstract_inverted_index":{"It":[0],"is":[1],"widely":[2],"believed":[3],"that":[4],"equilibrium":[5,40],"framework":[6,17,70],"based":[7,28],"on":[8,29],"optimization":[9],"and":[10,22,36,45,56],"representative":[11],"agent":[12],"model":[13],"provides":[14],"a":[15],"consistent":[16],"in":[18],"micro,":[19],"macro,":[20],"finance,":[21],"institutional":[23,46],"economics.":[24,41],"However,":[25],"new":[26,60],"discoveries":[27],"non-linear":[30],"nonequilibrium":[31],"methodology":[32],"revealed":[33],"unrealistic":[34],"theories":[35],"weak":[37],"evidence":[38],"of":[39,62,71],"The":[42,59],"self-stabilizing":[43],"market":[44],"convergence":[47],"are":[48],"far":[49],"from":[50],"industrial":[51],"economy":[52],"with":[53],"nonlinear":[54],"interaction":[55],"social":[57],"behavior.":[58],"science":[61],"complexity":[63],"offers":[64],"powerful":[65],"tools":[66],"for":[67],"developing":[68],"quantitative":[69]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}