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Asset price and wealth dynamics with heterogeneous expectations : a deterministic nonlinear structural model approach
Florian Heitger - 2010
Based on a classical financial market model different model variants known from the literature are discussed and analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of (heterogeneous) beliefs about future asset prices into the model...
Persistent link: https://www.econbiz.de/10009428980
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Conceptos, fundamentos y herramientas de neurociencia y su aplicación al billete
Aroca Moya, Belén
, perception and design. It also provides an overview of neuroscience and its analytical techniques as applied to the banknote … sensory stimulation on banknote perception, and for assessing different cognitive processes such as visual interest, memory …, emotions and sustained attention on the different areas of interest on the banknote, as described in the different perception …
Persistent link: https://www.econbiz.de/10014000059
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Alternativas a la evolución de la operativa bancaria mayorista en el eurosistema
Romero Ugarte, José Luis; Sánchez Martín, Abel; …
In recent years, payment systems have benefited from technological developments that have accelerated their evolution and adaptation to user needs. Payment systems ultimately depend on central bank money, and the debate about the advisability of updating the different ways of representing this...
Persistent link: https://www.econbiz.de/10014000070
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Concepts and Synonymy in the UMLS Metathesaurus
Gary Merrill; GlaxoSmithKline - 2009
This paper advances a detailed exploration of the complex relationships among terms, concepts, and synonymy in the UMLS Metathesaurus,and proposes the study and understanding of the Metathesaurus from a model-theoretic perspective.Initial sections provide the background and motivation for such...
Persistent link: https://www.econbiz.de/10009462752
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Bounded rationality and decomposability: The basis for integrating cognitive and evolutionary economics
Earl, Peter E.; Potts, Jason - 2004
This paper explores the interconnections between two of Herbert Simon's key concepts, bounded rationality and decomposability, and show how this unity provides the starting point for merging cognitively focused approaches to behavioral economics with evolutionary/institutional economics into a...
Persistent link: https://www.econbiz.de/10009447955
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Why is Economics not a Complex Systems Science?
Foster, John - 2004
Economics is viewed as a discipline that is mainly concerned with 'simplistic' theorizing, centered upon constrained optimization. As such, it is ahistorical and outcome focused, ie, it does not deal with economic processes. It is argued that all parts of the economy are inhabited by complex...
Persistent link: https://www.econbiz.de/10009448004
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Structural change in macroeconomic time series: A complex systems perspective
Hinich, MJ; Foster, J; Wild, P - 2006
We demonstrate that the process of generating smooth transitions Call be viewed as a natural result of the filtering operations implied in the generation of discrete-time series observations from the sampling of data from an underlying continuous time process that has undergone a process of...
Persistent link: https://www.econbiz.de/10009448044
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Advanced Methodologies for Power System Security and Vulnerability Analysis
Guo Chen - 2010
Nowadays, with the rapid expansion of increasing utilization of renewable energy sources, power grid is evolving into a much complex man-made system in the technological age. Under the new circumstances, traditional methodologies for power system security analysis are facing a serious challenge....
Persistent link: https://www.econbiz.de/10009448170
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A complex systems approach to the value of ecological resources
Straton, A. - 2006
A theory of value sits at the core of every school of economic thought and directs the allocation of resources to competing uses. Ecological resources complicate the modem neoclassical approach to determining value due to their complex nature, considerable non-market values and the difficulty in...
Persistent link: https://www.econbiz.de/10009448292