Agent-based microsimulation models for land use or transportation simulate the behavior of agents over time, although at different time scales and with different goals. For both kinds of models, the initial step is the definition of agents and their relationships. Synthesizing the population of...

In arbitrage-free but incomplete markets, the equivalent martingale measure Q for pricing traded assets is not uniquely determined. A possible approach when it comes to choosing a particular pricing measure is to consider the one that is "closest" to the physical probability measure P, where...

We define tail interdependence as a situation where extreme outcomes for some variables are informative about such outcomes for other variables. We extend the concept of multiinformation to quantify tail interdependence, decompose it into systemic and residual interdependence and measure the...