Showing 1 - 10 of 51
This paper considers the relationship between agent-based modeling and economic decision-making experiments with human … subject experiments. We also point out synergies between the two methodologies that have been exploited as well as promising …
Persistent link: https://www.econbiz.de/10005134584
Artificial life (alife) is the bottom-up study of basic phenomena commonly associated with living agents, such as self- replication, evolution, adaptation, self-organization, exploitation, competition, cooperation, and social network formation. Alife complements the traditional biological and...
Persistent link: https://www.econbiz.de/10005076914
This paper contributes to the recent stream of literature on NK Model’s applications to the field of technological evolution. It is argued that while the model has a great explanatory potential in economics proper, its behavioral foundations are still maladapted for treatment of purportive...
Persistent link: https://www.econbiz.de/10005561496
Many internet auction sites implement ascending-bid, second-price auctions. Empirically, lastminute or “late” bidding is frequently observed in “hard-close” but not in “soft-close” versions of these auctions. In this paper, we introduce an independent private-value repeated internet...
Persistent link: https://www.econbiz.de/10005561497
This paper studies the economic incentives and the institutional issues governing the outcomes of a short-term climate change policy package guided by the United Nations' Framework Convention on Climate Change and the Berlin Mandate initiatives. Game theoretic tools and the global...
Persistent link: https://www.econbiz.de/10005561499
Strategies for constructing a Markov decision chain approximating a continuous-time finite-horizon optimal control problem are investigated. Some simple, analytically soluble, examples are treated and low computational complexity is reported. Extensions to the method and implementation are...
Persistent link: https://www.econbiz.de/10005561502
There has been possibility on the new type of corruption done by the NGOs by using the access on the foreign aid in Indonesia. In the other hand, the role of the NGOs in Indonesia is still important in order to gain the social empowerment for the sake of social conductivity on social process...
Persistent link: https://www.econbiz.de/10005561503
We present the formal definition of meme in the sense of the equivalence between memetics and the theory of cultural evolution. From the formal definition we find that culture can be seen analytically and persuade that memetic gives important role in the exploration of sociological theory,...
Persistent link: https://www.econbiz.de/10005561505
Economic agency as a matter of rational decision-making and as a problem of bounded rationality has never gone too far from its earlier formalization in the 1950s. Not that the advancement on this topic is so slow, but the same problem concerning higher level cognition as another general program...
Persistent link: https://www.econbiz.de/10005561508
of highly connected individuals by computer experiments on scale-free networks. …
Persistent link: https://www.econbiz.de/10005561510