We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …. The prediction of choice reversal is then refined by introducing heterogeneity between decision makers through a …

This study estimates the suitability of prediction markets (as instruments of internal control) by analyzing their …. Concurrently, 12 prediction markets were set up, in which the participants could buy and sell their forecasts 24 hours a day, seven … it would influence the survey indicators, the prediction market prices, and their sensitivity to misinformation. Finally …

In this paper we introduce a calibration procedure for validating of agent based models. Starting from the well …-known financial model of Brock and Hommes 1998, we show how an appropriate calibration enables the model to describe price time series …. We formulate the calibration problem as a nonlinear constrained optimization that can be solved numerically via a …