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We provide an in-depth theoretical discussion about the differences between attitudes and perceptions, as well as an empirical exercise to analyze its effects. This discussion is of importance, as the large majority of papers considering attitudinal latent variables, just consider those as...
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selected and combined. For model comparison, both, measures of model fit and model complexity are required. Some suggestions … are made on how to measure complexity of agent based models. An application for the foreign exchange market illustrates …
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The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the … of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document …
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Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...
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complexity metrics, we find that all three patterns are well organized by metrics suggested by Lipman (1995) and Gabaix (2014 …
Persistent link: https://www.econbiz.de/10014496993
The agent-based approach views an organization as a collection of agents, interacting with one another in their pursuit … of assigned tasks. The performance of an organization in this framework is determined by the formal and informal … structure? (4) How do the characteristics of the environment—including its stability, complexity, and competitiveness …
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