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Civil unrest is a powerful form of collective human dynamics, which has led to major transitions of societies in modern history. The study of collective human dynamics, including collective aggression, has been the focus of much discussion in the context of modeling and identification of...
Persistent link: https://www.econbiz.de/10014164119
We describe a new mechanism that induces accurate forecasts within an organization while reducing moral hazards and the stigma associated with negative opinions. It is based on the notion of identity escrow, whereby the identity of a forecaster is kept anonymous and only revealed when a number...
Persistent link: https://www.econbiz.de/10014106789
best decision to be taken considering a regret theory approach. A challenge for corruption in the decision- making process … illustrate the difference between a typical decision theory approach and regret theory …
Persistent link: https://www.econbiz.de/10013091886
Can wars be forecasted? A central difficulty is that warnings of a looming war tomorrow are likely to affect behavior today. Whether decision-makers attempt to prevent its onset or to hasten it, the initial forecast will no longer hold. Predictable conflicts will therefore tend not to occur, and...
Persistent link: https://www.econbiz.de/10013014548
It is widely accepted that episodes of social unrest, conflict, political tensions and policy uncertainty affect the economy. Nevertheless, the real-time dimension of such relationships is less studied, and it remains unclear how to incorporate them in a forecasting framework. This can be partly...
Persistent link: https://www.econbiz.de/10015357972
It is widely accepted that episodes of social unrest, conflict, political tensions and policy uncertainty affect the economy. Nevertheless, the real-time dimension of such relationships is less studied, and it remains unclear how to incorporate them in a forecasting framework. This can be partly...
Persistent link: https://www.econbiz.de/10014244152
Measuring bias is important as it helps identify flaws in quantitative forecasting methods or judgmental forecasts. It can, therefore, potentially help improve forecasts. Despite this, bias tends to be under represented in the literature: many studies focus solely on measuring accuracy. Methods...
Persistent link: https://www.econbiz.de/10013314570
In this note we develop principles for forecasting economies viewed as evolving networks formed by individuals acting on the basis of their psychology and social position following Markey-Towler (2016). We review the basic formal apparatus required to understand economies as such before using...
Persistent link: https://www.econbiz.de/10012964507
Persistent link: https://www.econbiz.de/10009515873