Determinacy vs Randomnicity in Socio-Economic Processes: Epistemological Concept

  • M. Y. KussyEmail author
  • O. L. Korolyov
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 138)


Randomnicity in socio-economic systems are investigated in the article, from a conceptual point of view. It is shown that the impact of economic agents on the system is the main generator of the emergence of randomnicity in socio-economic processes. It is proposed an epistemological concept, according to which the anthropogenic nature of economic agents’ expectations and preferences, as well as the heterogeneity and heteromorphicity of their subsequent impacts on the socio-economic processes, is the main factor of impacts to the socio-economic system. Ontological aspects of formalization of economic agents’ expectations and preferences in socio-economic processes are considered.


Socio-economic systems Socio-economic processes Determinacy Randomnicity Financial markets Economic agents Expectations and preferences of economic agents Heterogeneity Heteromorphicity 


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Authors and Affiliations

  1. 1.V.I. Vernadsky Crimean Federal UniversitySimferopolRussian Federation

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