A complex system approach to Entrepreneurship

• Cooperation versus competition in complex evolving landscapes (major unsolved problem in anthropology and the conduct of human affairs): why do we cooperate?
• Importance of statistics and dependence of downside and upside risks
• Complex system approach
  1. Four relational models (CS, AR, EM, MP)
  2. Evolutionary view of our brain and cognitive abilities in the modern corporate world
  3. Agent-based models of entrepreneurial processes (trade-off between corporate governance and entrepreneurship)
  4. Coarse-grained dynamical system approach and models of large upside and downside risks
  5. Endogenous versus exogenous factors and their interplay in controlling risks (Schumpeter’s theory of abrupt evolution and Romer’s theory of growth theory)
  6. Experiments (in coll. with A. Fiske, R. Dunbar, …, E. Fehr)
• Understanding entrepreneurial risks for management based on combination of complex system approach, economics and finance methods, physics and math