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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 …
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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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organizational complexity, of fund management companies on their performance. In other words, do small families produce better …
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