Over the last several years, the United States has experienced a significant recession. During this downturn, the number of real estate foreclosures has risen drastically. Recent studies have demonstrated a reduction in property values due to neighboring foreclosures – known as the foreclosure...

Over the last several years, the United States has experienced a significant recession. During this downturn, the number of real estate foreclosures has risen drastically. Recent studies have demonstrated a reduction in property values due to neighboring foreclosures - known as the foreclosure...

The paper examines the impact of social networks on strategic default behavior. Given the difficulties in empirically modeling this phenomenon, the paper takes a simulation approach, utilizing techniques from epidemiology. The concept is that ideas can travel through a population in the same...

While numerous and varied opinions abound, there remains much confusion why so few mortgages are modified at a time when demand to modify is so high. To better understand this complex issue, we build a game theoretic model to quantify a number of economic incentives and costs surrounding various...

Over the last several years, the United States has experienced a significant recession. During this downturn, the number of real estate foreclosures has risen drastically. Recent studies have demonstrated a reduction in property values due to neighboring foreclosures—known as the foreclosure...

Incorporating human behavior is a current challenge for agent-based modeling and simulation (ABMS). Human behavior is not a single phenomenon and includes many different aspects, nuances, and scenario-related effects; one scenario is strategic group formation, which is traditionally modeled...