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Evolving Automata Negotiate with a Variety of Opponents
Bragt, D.D.B. van; Poutre, J.A. La - Society for Computational Economics - SCE - 2001
with different preferences. We show that such flexible and powerful bargaining agents can be obtained using the combination … of finite automata and evolutionary algorithms (EAs). Finite automata allow the bargaining agents to behave differently … against different opponents. EAs can be used to adapt the agents' bargaining strategies (consisting of finite automata) in …
Persistent link: https://www.econbiz.de/10005345571
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OPTIMIZATION BY USING EVOLUTIONARY ALGORITHMS WITH GENETIC ACQUISITIONS
Mateescu, George Daniel - In: Journal for Economic Forecasting 2 (2005) 2, pp. 26-30
Evolutionary algorithms represent a powerful tool for a wide set of problems, based on biological principles. The main goal of this article is to underline the principle of genetic acquisitions. To do this, we will use mutations with respect to the gradient of an objective function.
Persistent link: https://www.econbiz.de/10005612288
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An Algorithm for On-Line Price Discrimination
Bragt, D.D.B. van; Somefun, D.J.A.; Kutschinski, E.; … - Society for Computational Economics - SCE - 2002
Persistent link: https://www.econbiz.de/10005345373
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Social Learning about Consumption
Seppecher, Pascal; Salle, Isabelle - Groupe de REcherche en Droit, Économie, Gestion … - 2013
This paper applies a social learning model to the optimal consumption rule of Allen & Carroll (2001), and delivers convincing convergence dynamics towards the optimal rule. These findings constitute a significant improvement regarding previous results in the literature, both in terms of speed of...
Persistent link: https://www.econbiz.de/10010860427
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Evolutionary Learning in the Ultimatum Game
Riechmann, Thomas - Society for Computational Economics - SCE - 2001
The ultimatum game is (in)famous for its `anomalies': The outcomes of laboratory experiments are very different from the results generated by traditional game theory. This paper aims to find to what extent these discrepancies between theory and experiments can be explained by the effects of...
Persistent link: https://www.econbiz.de/10005345615
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A Model of Boundedly Rational Consumer Choice - An Agent Based Appraoch
Riechmann, Thomas - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2000
The paper presents an extended version of the consumer choice problem. Different from the standard model, prices are not fixed but arise from Walrasian interactions of total demand and a stylized supply function for each of the goods. Three different types of evolutionary algorithms are set up...
Persistent link: https://www.econbiz.de/10005606993
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Compromises and Incentives
Di Giannatale Menegalli, Sonia; Curiel-Cabral, Itza T. Q. - Centro de Investigación y Docencia Económicas (CIDE) - 2013
We analyze a situation where a Principal does not necessarily have all the bargaining power while negotiating a …
Persistent link: https://www.econbiz.de/10010823261
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Analisis de nuevos métodos de clasificación. Un ejemplo ilustrativo de su uso en la agrupación de los municipios de Castilla y León
PACHECO, J; VALENCIA, O. - In: Estudios de Economía Aplicada 23 (2005) Diciembre, pp. 711-729
En este trabajo se analizan y comparan diferentes técnicas para el diseño de clusters no jerárquico. Este análisis resulta interesante pues entre las técnicas comparadas se incluyen la usada por un conocido paquete estadístico y una serie de técnicas novedosas. Entre éstas destacan...
Persistent link: https://www.econbiz.de/10005814479
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Optimal Trading Strategy and Supply/Demand Dynamics
Obizhaeva, Anna A. - 2009
The supply/demand of a security in the market is an intertemporal, not a static, object and its dynamics is crucial in determining market participants' trading behavior. Previous studies on the optimal trading strategy to execute a given order focuses mostly on the static properties of the...
Persistent link: https://www.econbiz.de/10012721842
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Is Indonesia Capital Market Chaos? An Empirical Study on the Indonesia Stock Exchange (IDX) Daily Composite Index Return
Bakara, Minarnita Yanti Verawati - 2018
This paper is part of author's Master Thesis Chaos in emerging capital market: an empirical study on the Jakarta Stock Exchange. Some evidences of the existence of chaotic system proved by chaos researches on the developed market as conducted by some researchers strongly motivate us to try to...
Persistent link: https://www.econbiz.de/10012746644