Despite advances in the field, we still know little about the socio-cognitive processes of team decisions, particularly their emergence from an individual level and transition to a team level. This study investigates team decision processes by using an agent-based model to conceptualize team...

We investigate learning in a repeated bank choice game, where agents first choose a bank to deposit in and then decide to withdraw that deposit or not. This game has a single Nash equilibrium in pure strategies, characterized by all agents depositing in the bank that offers the highest return,...

Theoretical models have had difficulties to account, at the same time, for the most important stylized facts observed in experiments of the Voluntary Contribution Mechanism. A recent approach tackling that gap is Arifovic and Ledyard (2012), which implements social preferences in tandem with an...

The general topic of the paper is the use of the crowd to interpret text, and the power of that interpretation to predict future events. This topic is addressed through an experiment, in which news sentiment is evaluated by crowds and experts in different configurations. Their classifications...

This paper studies the continuous double auction from the point of view of market engineering: we tweak a resampling rule often used for this exchange protocol and search for an improved design. We assume zero intelligence trading as a lower bound for more robust behavioral rules and look at...

We report results of single interaction Traveler’s Dilemma game experiments with and without expert advice to test the robustness of a model of noisy introspection. The model describes an out-of-equilibrium process with errors by which players reach a decision of what to do in strategic...

In this paper, based on the concept of Shannon entropy, we propose a measure of market efficiency by using the empirical density function of returns. Under certain conditions of ergodicity and stationarity, it is shown that the sample entropy converges to the entropy of the dominant state. It is...

The motivation of this paper was to model and to implement an innovative approach to simulate the trading processes of a virtual business company. Agent-based methods together with the Java development platform are used to implement a multi-agent system to serve as a simulation framework. The...

We conduct a laboratory experiment and parallel computational adaptive agent simulations on unraveling of contract dates in two-sided matching markets inspired by the entry-level professional labor markets for medical interns in Britain. Experimental design consists of decentralized and mixed...

Analysing users in their context of work and finding out how and why they use different information resources is essential to provide interactive visualisation systems that match their goals and needs. Designers should actively involve the intended users throughout the whole process. This...