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This paper develops and analyses a dynamic model, which combines both the adoption and the industry evolution theories …. We model the decision of adoption, learning entry and exit of firms. These decisions depend on the interaction of …. The model we suggest also analyses effects on industry evolution and social welfare. …
Persistent link: https://www.econbiz.de/10005621594
language, which is shown to be a natural ally for ACE research). Using these tools, we demonstrate that player type evolution …
Persistent link: https://www.econbiz.de/10005621495
In this paper we test a particular variant of the (Repulsive) Particle Swarm method on some rather difficult global optimization problems. A number of these problems are collected from the extant literature and a few of them are newly introduced. First, we introduce the Particle Swarm method of...
Persistent link: https://www.econbiz.de/10005836253
involved, relative to economically rational behaviour. Research (using similar techniques) into the evolution of collaborative …
Persistent link: https://www.econbiz.de/10005836597
We use co-evolutionary genetic algorithms to model the players' learning process in several Cournot models, and … evaluate them in terms of their convergence to the Nash Equilibrium. The ``social-learning'' versions of the two co …-evolutionary algorithms we introduce, establish Nash Equilibrium in those models, in contrast to the ``individual learning'' versions which …
Persistent link: https://www.econbiz.de/10005042715
and Differential Evolution methods. The DE optimization program has gone a long way to obtain the optimum results. However …
Persistent link: https://www.econbiz.de/10005621797
In this paper we present, propose and examine additional membership functions as also we propose least squares with genetic algorithms optimization in order to find the optimum fuzzy membership functions parameters. More specifically, we present the tangent hyperbolic, Gaussian and Generalized...
Persistent link: https://www.econbiz.de/10008614998
The contribution that this paper aspires to make is the prediction of an oncoming attack against the domestic currency, something that is expected to increase the possibilities of successful hedging by the authorities. The analysis has focused on the Greek Drachma,which has suffered a series of...
Persistent link: https://www.econbiz.de/10008578222
This paper examines the use of Fuzzy Cognitive Maps (FCMs) as a technique for modeling political and crisis situations and supporting the decision-making process. FCMs use notions borrowed from artificial intelligence and neural networks to combine concepts and causal relationships, in the form...
Persistent link: https://www.econbiz.de/10011107777
makers are implemented as Classifier Systems, and their learning process is simulated by Genetic Algorithms. To validate the …
Persistent link: https://www.econbiz.de/10005623274