Computational Economics: Heterogeneous Agent Modeling

Computational Economics: Heterogeneous Agent Modeling
Author: Cars Hommes
Publisher: Elsevier
Total Pages: 836
Release: 2018-06-27
Genre: Business & Economics
ISBN: 0444641327

Handbook of Computational Economics: Heterogeneous Agent Modeling, Volume Four, focuses on heterogeneous agent models, emphasizing recent advances in macroeconomics (including DSGE), finance, empirical validation and experiments, networks and related applications. Capturing the advances made since the publication of Volume Two (Tesfatsion & Judd, 2006), it provides high-level literature with sections devoted to Macroeconomics, Finance, Empirical Validation and Experiments, Networks, and other applications, including Innovation Diffusion in Heterogeneous Populations, Market Design and Electricity Markets, and a final section on Perspectives on Heterogeneity. - Helps readers fully understand the dynamic properties of realistically rendered economic systems - Emphasizes detailed specifications of structural conditions, institutional arrangements and behavioral dispositions - Provides broad assessments that can lead researchers to recognize new synergies and opportunities

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems
Author: Cars Hommes
Publisher: Cambridge University Press
Total Pages: 273
Release: 2013-01-24
Genre: Business & Economics
ISBN: 1139619780

Recognising that the economy is a complex system with boundedly rational interacting agents, the book presents a theory of behavioral rationality and heterogeneous expectations in complex economic systems and confronts the nonlinear dynamic models with empirical stylized facts and laboratory experiments. The complexity modeling paradigm has been strongly advocated since the late 1980s by some economists and by multidisciplinary scientists from various fields, such as physics, computer science and biology. More recently the complexity view has also drawn the attention of policy makers, who are faced with complex phenomena, irregular fluctuations and sudden, unpredictable market transitions. The complexity tools - bifurcations, chaos, multiple equilibria - discussed in this book will help students, researchers and policy makers to build more realistic behavioral models with heterogeneous expectations to describe financial market movements and macro-economic fluctuations, in order to better manage crises in a complex global economy.

Collected Papers

Collected Papers
Author: Robert J. Aumann
Publisher: MIT Press
Total Pages: 806
Release: 2000
Genre: Business & Economics
ISBN: 9780262011549

Robert Aumann's career in game theory has spanned over research - from his doctoral dissertation in 1956 to papers as recent as January 1995. Threaded through all of Aumann's work (symbolized in his thesis on knots) is the study of relationships between different ideas, between different phenomena, and between ideas and phenomena. When you look closely at one scientific idea, writes Aumann, you find it hitched to all others. It is these hitches that I have tried to study.

The Foundations of Behavioral Economic Analysis

The Foundations of Behavioral Economic Analysis
Author: Sanjit Dhami
Publisher:
Total Pages: 300
Release: 2020
Genre: Business & Economics
ISBN: 0198853688

This is the sixth volume of focused texts developed from leading textbook The Foundations of Behavioral Economics. Authoritative, cutting edge, and accessible, this volume covers behavioral modes of learning.

Heterogenous Agents, Interactions and Economic Performance

Heterogenous Agents, Interactions and Economic Performance
Author: Robin Cowan
Publisher: Springer Science & Business Media
Total Pages: 340
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642556515

In traditional economics models of perfect competition agent's interactions are all mediated through the market. Interactions are anonymous, global and indirect. This is a powerful model, but we see many instances in which one, and sometimes all, of the previous characteristics fail to hold true. The type of agent you are, or your identity, can affect the type of interaction we have, and most surely the relationship between micro-behaviour and macro-phenomena in non-trivial ways. This book contains a selection of papers presented at the 6th Workshop on Economics with Heterogenous Interacting Agents (WEHIA). The contributions show that work done in other fields like evolutionary biology, statistical mechanics, social network theory and others help us to understand the way in which economic systems operate. Virtually all of the papers presented in this volume draw on some aspect or other of these varied approaches to related problems.

Learning and Adaption in Multi-Agent Systems

Learning and Adaption in Multi-Agent Systems
Author: Karl Tuyls
Publisher: Springer Science & Business Media
Total Pages: 225
Release: 2006-04-10
Genre: Computers
ISBN: 3540330534

This book constitutes the thoroughly refereed post-proceedings of the First International Workshop on Learning and Adaption in Multi-Agent Systems, LAMAS 2005, held in The Netherlands, in July 2005, as an associated event of AAMAS 2005. The 13 revised papers presented together with two invited talks were carefully reviewed and selected from the lectures given at the workshop.

Economics with Heterogeneous Interacting Agents

Economics with Heterogeneous Interacting Agents
Author: Alan Kirman
Publisher: Springer Science & Business Media
Total Pages: 362
Release: 2001-06-01
Genre: Business & Economics
ISBN: 9783540422099

This book analyses situations in which individual agents, who might be different from each other, interact and produce behaviour on the aggregate level which does not correspond to that of the average actor. This leads to aggregate outcomes which would be impossible to explain in a more standard approach. Aggregation generates structure and, as a result, interaction and heterogeneity can be handled and we no longer have to rely on the over-simplified reduction of the behaviour of the economy to that of a "rational" individual.

Intelligent Information and Database Systems

Intelligent Information and Database Systems
Author: Ngoc-Thanh Nguyen
Publisher: Springer
Total Pages: 651
Release: 2014-02-28
Genre: Computers
ISBN: 3319054589

The two-volume set LNAI 8397 and LNAI 8398 constitutes the refereed proceedings of the 6th Asian Conference on Intelligent Information and Database Systems, ACIIDS 2014, held in Bangkok, Thailand in April 2014. The 125 revised papers presented were carefully reviewed and selected from 300 submissions. Suggestion: The aim of the conference is to provide an internationally respected forum for scientific research in the technologies and applications of intelligent information and database systems. The papers are organized in topical sections on Natural Language and Text Processing, Intelligent Information Retrieval, Semantic Web, Social Networks and Recommendation Systems, Intelligent Database Systems, Decision Support Systems, Computer Vision Techniques, Machine Learning and Data Mining, Multiple Model Approach to Machine Learning, MMAML 2014, Computational Intelligence, CI 2014, Engineering Knowledge and Semantic Systems , IWEKSS 2014, Innovations in Intelligent Computation and Applications, IICA 2014, Modelling and Optimization Techniques in Information Systems, Database Systems and Industrial Systems, MOT 2014, Innovation via Collective Intelligences and Globalization in Business Management, ICIGBM 2014, Intelligent Supply Chains, ISC 2014, and Human Motion: Acquisition, Processing, Analysis, Synthesis and Visualization for Massive Datasets, HMMD 2014.

Contests

Contests
Author: Carmen BeviĆ”
Publisher: Cambridge University Press
Total Pages: 239
Release: 2024-05-31
Genre: Business & Economics
ISBN: 1009504428

A new way to understand economic problems that complement the traditional views and expand subjects that social scientists should consider.