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Experimental economics is the application of experimental methods [1] to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in order to mimic real-world incentives.
In scientific research, an experimental system is the physical, technical and procedural basis for an experiment or series of experiments. Historian of science Hans-Jörg Rheinberger defines an experimental system as: "A basic unit of experimental activity combining local, technical, instrumental, institutional, social, and epistemic aspects."
Systems biology is the computational and mathematical analysis and modeling of complex biological systems.It is a biology-based interdisciplinary field of study that focuses on complex interactions within biological systems, using a holistic approach (holism instead of the more traditional reductionism) to biological research.
To systems scientists, the world can be understood as a system of systems. The field aims to develop interdisciplinary foundations that are applicable in a variety of areas, such as psychology, biology, medicine, communication, business management, engineering, and social sciences. Systems science covers formal sciences such as complex systems ...
Systems theory is the transdisciplinary [1] study of systems, i.e. cohesive groups of interrelated, interdependent components that can be natural or artificial.Every system has causal boundaries, is influenced by its context, defined by its structure, function and role, and expressed through its relations with other systems.
A biological system is a complex network which connects several biologically relevant entities. Biological organization spans several scales and are determined based different structures depending on what the system is. [1] Examples of biological systems at the macro scale are populations of organisms.
A primary objective of ecological economics (EE) is to ground economic thinking and practice in physical reality, especially in the laws of physics (particularly the laws of thermodynamics) and in knowledge of biological systems. It accepts as a goal the improvement of human well-being through development, and seeks to ensure achievement of ...
Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...