Showing 1 - 10 of 29,608
, stationary of order n and dynamic financial laws, proving two algebraic characterization of the first. Finally, it is introduced … financiera tiene la estructura de autómata. Se prueba entonces que la ley financiera impone la estructura de grupo al monoide del … autómata, obteniéndose, de manera natural, los conceptos de ley financiera estacionaria, estacionaria de orden n y dinámica …
Persistent link: https://www.econbiz.de/10005737059
in a dynamic model in which a `sender' provides public information over time subject to a graduality constraint, and a … decision-maker takes an action in each period. Using a novel `viscosity' dynamic programming principle, we characterise the …
Persistent link: https://www.econbiz.de/10014536988
evolved. The model was not built to explain some of the most important findings in the public good games recent literature …
Persistent link: https://www.econbiz.de/10011569202
Persistent link: https://www.econbiz.de/10005345391
Recent history suggests that many boom–bust cycles are naturally driven by linkages between the credit market and asset prices. Additionally, new structured securities have been developed, e.g., MBS, CDOs, and CDS, which have acted as instruments of risk transfer. We show that there is a...
Persistent link: https://www.econbiz.de/10010576931
Recent history suggests that many boom-bust cycles are naturally driven by linkages between the credit market and asset prices. Additionally, new structured securities have been developed, e.g., MBS, CDOs, and CDS, which have acted as instruments of risk transfer. We show that there is a certain...
Persistent link: https://www.econbiz.de/10011124046
use dynamic programming (DP) to numerically solve for the best-response serve strategies in models of the service game of …
Persistent link: https://www.econbiz.de/10014259364
evolved. The model was not built to explain some of the most important findings in the public good games recent literature …
Persistent link: https://www.econbiz.de/10011688540
This paper explores the question whether boundedly rational agents learn to behave optimally when asked to voluntarily contribute to a public good. The decision process of individuals is described by an Evolutionary Algorithm. We find that the contribution level converges towards the Nash...
Persistent link: https://www.econbiz.de/10005537778
the distribution of agents' types in the population. The resulting nonlinear dynamic system is studied. Convergence to a …
Persistent link: https://www.econbiz.de/10012607986