Showing 1 - 10 of 184
Sensitivity analysis studies how the variation in the numerical output of a model can be quantitatively apportioned to different sources of variation in basic input parameters. Thus, it serves to examine the robustness of numerical results with respect to input parameters, which is a...
Persistent link: https://www.econbiz.de/10010298079
Computational social media data analysis (SMDA) is opening up new possibilities for participatory urban planning. The aim of this study is to analyse what kind of computational methods can be used to analyse social media data to inform urban planning. A descriptive literature review of recent...
Persistent link: https://www.econbiz.de/10012044657
A stochastic discrete choice model and its related estimation method are presented which allow to disentangle non-linear externalities from the intrinsic features of the objects of choice and from the idiosyncratic preferences of agents. Having veried for the ergodicity of the underlying...
Persistent link: https://www.econbiz.de/10011335910
The Conflict Analysis approach by Hipel and Fraser (1984) is well equipped to model repeated games. Players are assumed to posses a sequential reasoning that allows them to ( not necessarily correctly) anticipate the reaction of other players to their strategies. An individual's best response...
Persistent link: https://www.econbiz.de/10010328463
We show that the Value Function Iteration (VFI) algorithm has difficulties approximating models with jump discontinuities in policy functions. We find that VFI fails to accurately identify both the location and size of jump discontinuities while the Endogenous Grid Method (EGM) and the Finite...
Persistent link: https://www.econbiz.de/10012058893
This paper uses a computational framework to analyse the equilibrium dynamics of exploitation and inequality in accumulation economies with heterogeneous labour. A novel index is presented which measures the intensity of exploitation at the individual level and the dynamics of the distribution...
Persistent link: https://www.econbiz.de/10011928016
Abstract In Instrumental Variables (IV) estimation, the effect of an instrument on an endogenous variable may vary across the sample. In this case, IV produces a local average treatment effect (LATE), and if monotonicity does not hold, then no effect of interest is identified. In this paper, I...
Persistent link: https://www.econbiz.de/10014610899
Gradient-based approaches to direct policy search in reinforcement learning have received much recent attention as a means to solve problems of partial observability and to avoid some of the problems associated with policy degradation in value-function methods. In this paper we introduce GPOMDP,...
Persistent link: https://www.econbiz.de/10009438377
There are two important rules in a patent race: what an innovator must accomplish to receive the patent and the allocation of the benefits that flow from the innovation. Most patent races end before R&D is completed and the prize to the innovator is often less than the social benefit of the...
Persistent link: https://www.econbiz.de/10009441266
There exist many opportunities for deploying autonomic computing in an IT environment. The highest-value opportunities are going to be where we can reduce human decision-making complexity for systems administrators. To identify these opportunities, we need a model of decision complexity for...
Persistent link: https://www.econbiz.de/10009471530