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Learning from zero : how to make consumption-saving decisions in a stochastic environment with an AI algorithm
Shi, Rui - 2021 - This draft: August 16, 2021
This exercise offers an innovative learning mechanism to model economic agent's decision-making process using a deep reinforcement learning algorithm. In particular, this AI agent is born in an economic environment with no information on the underlying economic structure and its own preference....
Persistent link: https://www.econbiz.de/10012603191
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Chapter 22 Social Dynamics: TheorY AND Applications
Young, H. Peyton - In: Handbook of computational economics : volume 2, …, (pp. 1081-1108). 2006
theory of large deviations in Markov chains. The theory highlights certain qualitative features that distinguish agent …
Persistent link: https://www.econbiz.de/10014024383
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Effectiveness of Geometric Brownian Motion method in predicting stock prices : evidence from India
Krishna Prasad; Prabhu, Bhuvana; Pereira, Lionel; … - In: Asian journal of accounting & governance 18 (2022), pp. 121-134
Persistent link: https://www.econbiz.de/10013535898
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A stochastic model of real-financial interaction with boundedly rational heterogeneous agents
Chiarella, Carl; Flaschel, Peter; He, Xue-zhong; Hung, Hing - In: Quantitative and empirical analysis of nonlinear …, (pp. 333-358). 2006
Persistent link: https://www.econbiz.de/10003324053
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Comportements adaptatifs sans croyances
Beal, Sylvain; Durieu, Jacques - In: Revue d'économie industrielle 114/115 (2006) 2/3, pp. 119-140
Persistent link: https://www.econbiz.de/10003405149
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Partial differential equations in economics and finance
Basov, Suran - 2007
Partial differential equations -- Elements of the theory of the Stochastic processes -- Partial differential equation … in the consumer theory -- Partial differential equations in the producer theory -- Partial differential equations and … pricing of the financial -- Derivatives -- A theory of boundedly rational behavior -- Partial differential equations in game …
Persistent link: https://www.econbiz.de/10003429606
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Heterogeneous beliefs and adaptive behaviour in a continuous-time asset price model
He, Xue-zhong; Li, Kai - In: Journal of economic dynamics & control 36 (2012) 7, pp. 973-987
Persistent link: https://www.econbiz.de/10009573416
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Modelling imperfect attention
Manzini, Paola; Mariotti, Marco - 2015 - This version: April 2015
We propose a novel method to model an agent who is imperfectly attentive in the sense that she may consider only some of the alternatives available. Our methodology departs from the standard 'revealed preference' one: we make plausible assumptions on the values to the imperfectly attentive agent...
Persistent link: https://www.econbiz.de/10010517698
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Stochastic choice and consideration sets
Manzini, Paola; Mariotti, Marco - 2012
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10009629645
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Behavioral learning equilibria
Hommes, Cars H.; Zhu, Mei - In: Journal of economic theory 150 (2014), pp. 778-814
Persistent link: https://www.econbiz.de/10010360451