This study provides a basic introduction to agent-based modeling (ABM) as apowerful blend of classical and constructive mathematics, with a primary focus onits applicability for social science research. The typical goals of ABM social scienceresearchers are discussed along with the culture-dish...

The "common effect" model in program evaluation assumes that all treated individuals have the same impact from a program. Our paper contributes to the recent literature that tests and goes beyond the common effect model by investigating impact heterogeneity using data from the experimental...

Finanzmathematische und demographische Methoden werden präsentiert, um den Einfluß von Wanderungen auf die langfristige Bevölkerungsentwicklung zu präsentieren. Finanzmathematische Methoden berücksichtigen nicht die Altersstruktur einer Bevölkerung und können daher nur als Approximation...

Longevity risk has become a major challenge for governments, individuals, and annuity providers in most countries, and especially its aggregate form, i.e. the risk of unsystematic changes to general mortality patterns, bears a large potential for accumulative losses for insurers. As obvious risk...

This volume is a monograph on the geometric structure of a certain class of ("comprehensive") compact polyhedra called Cephoids. A Cephoid is a Minkowski sum of finitely many standardized simplices. The emphasis rests on the Pareto surface of Cephoids which consists of certain translates of...

This book is devoted to the application of fractional calculus in economics to describe processes with memory and non-locality. Fractional calculus is a branch of mathematics that studies the properties of differential and integral operators that are characterized by real or complex orders....

The topics studied in this Special Issue include a wide range of areas in finance, economics, tourism, management, marketing, and education. The topics in finance include stock market, volatility and excess returns, REIT, warrant and options, herding behavior and trading strategy, supply...

A fundamental assumption in most of economic modeling is that people maximize their utility subject to a budget constraint. This, as well as many other economic problems, mathematically translate into problems of maximization with constraints. A powerful and widely used method to tackle some of...

In this paper we present some elements of calculus for economics: the chain rule and extended chain rule for calculation of derivatives of composite functions, and differentiation of functions defined implicitly. The emphasis, as always in this series, is in providing a pedagogical, intuitive...

For all students who wish to understand current economic and business literature, knowledge of mathematical methods has become a prerequisite. Clear and concise, with precise definitions and theorems, Werner and Sotskov cover all the major topics required to gain a firm grounding in this subject...