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Agent-based models have recently become very popular. However, it is often difficult to communicate the models' complexity and assumptions. Hence, criticising them becomes a challenging task. This paper addresses this problem and discusses different ways to increase the transparency and...
Persistent link: https://www.econbiz.de/10005039062
Post-Cold War military conflicts have highlighted the need for a flexible, agile joint force responsive to emerging crises around the globe. The 2005 Joint Capabilities Integration and Development System (JCIDS) acquisition policy document mandates a shift away from stove-piped threat-based...
Persistent link: https://www.econbiz.de/10009475960
It has long been recognized that Instant Runoff Voting (IRV) suffers from a defect known as nonmonotonicity, wherein increasing support for a candidate among a subset of voters may adversely affect that candidate’s election outcome. The expected frequency of this type of behavior, however,...
Persistent link: https://www.econbiz.de/10010988183
Over the last several years, the United States has experienced a significant recession. During this downturn, the number of real estate foreclosures has risen drastically. Recent studies have demonstrated a reduction in property values due to neighboring foreclosures—known as the foreclosure...
Persistent link: https://www.econbiz.de/10010989344
Persistent link: https://www.econbiz.de/10010989517
opinion, the spreading of rumor, the formation of social and linguistic conventions). Conceptual Agreement Theory (CAT) models …
Persistent link: https://www.econbiz.de/10010993120
We attempt to understand, scientifically, how different members of the mining concession, impacted communities, and government authorities behave when a conflicting situation arises. The main purpose of our effort is to start developing a framework for the scientific modeling of stakeholders’...
Persistent link: https://www.econbiz.de/10010997171
Although many researchers have attempted to prevent or mitigate damages, estimate vulnerabilities and control natural catastrophes, an important phase of disaster management that has received less attention is the challenge of managing people and resources directly after an incident. Because...
Persistent link: https://www.econbiz.de/10010846512
A new agent-based, bounded-confidence model for discrete one-dimensional opinion dynamics is presented. The agents interact if their opinions do not differ by more than a tolerance parameter. In pairwise interactions, one of the pair, randomly selected, converts to the opinion of the other. The...
Persistent link: https://www.econbiz.de/10010882958
Motivated by the desire to bridge the gap between the microscopic description of price formation (agent-based modeling) and the stochastic differential equations approach used classically to describe price evolution at macroscopic time scales, we present a mathematical study of the order book as...
Persistent link: https://www.econbiz.de/10010883207