An economy’s emergent properties and how micro agents with ınconsistent or conflicting ınterests are holistically organized into macro entities

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dc.authorid0000-0002-0097-4303
dc.contributor.authorKöse, Erkan
dc.contributor.authorArık, Oğuzhan Ahmet
dc.contributor.authorTorun, Hülya
dc.date.accessioned2025-04-16T21:39:33Z
dc.date.available2025-04-16T21:39:33Z
dc.date.issued2021
dc.departmentEnstitüler, Fen Bilimleri Enstitüsü, Endüstri Mühendisliği Ana Bilim Dalı
dc.description.abstractThe existing literature documents that computer simulations can reveal how characteristics of micro-level individuals give rise to macro-level phenomena of systemic wholes. This paper seeks to establish such an important simulation-based observation as a theoretical result on a sound foundation. Going beyond addressing when holistic phenomena can naturally emerge from micro-level characteristics, this paper investigates how and why many macro-level entities appear to answer market calls through organically gathering micro-level agents into uniformly-oriented operational wholes, even though these agents have inconsistent or even conflicting interests. This paper develops conclusions based on results of systems science and establishes a sufficient condition under which characteristics of micro-level agents can naturally lead to the appearance of macro-level properties of a systemic whole even though the former are heterogeneous and behave in an unintended and uncoordinated manner. This paper suggests to root each theoretical result of economics on elementary facts of personal belief-value systems and expands methods of networks and computer simulations to those of systems science. It explains when macro socioeconomic phenomena emerge out of unintended and uncoordinated actions and interactions of micro economic men, and provides a more general approach for developing reliable conclusions than those observed from computer simulations. It additionally derives conditions for when macro-level economic entities appear to answer market calls and how micro-level individuals with inconsistent or even conflicting interests can be organically congregated into operational business organizations.
dc.identifier.doi10.2478/ngoe-2021-0017
dc.identifier.endpage66
dc.identifier.issue3
dc.identifier.startpage53
dc.identifier.urihttps://doi.org/10.2478/ngoe-2021-0017
dc.identifier.urihttp://ng-epf.si/index.php/ngoe/article/view/269
dc.identifier.urihttps://hdl.handle.net/20.500.14440/1058
dc.identifier.volume67
dc.identifier.wosN/A
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.institutionauthorKöse, Erkan
dc.institutionauthorArık, Oğuzhan Ahmet
dc.language.isoen
dc.publisherNaše gospodarstvo/Our economy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_Kurum_20250417
dc.subjectCompetition
dc.subjectemergence
dc.subjectholistic phenomena
dc.subjectmarket signal
dc.subjectsystem
dc.subjectvalue
dc.subjectyoyo model
dc.titleAn economy’s emergent properties and how micro agents with ınconsistent or conflicting ınterests are holistically organized into macro entities
dc.typeArticle

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