This is the seventh book in a series of discussions about the great minds in the history and theory of finance. While the series addresses the contributions of scholars in our understanding of financial decisions and markets, this seventh book describes how econometrics developed and how its...

Dieses Buch klärt über die Entwicklung ökonomischer Strukturen und Funktionen auf, indem es empirische Daten zur Grundlage nimmt und die Bedeutung der Selbstorganisation und Gründung von Haushalten, Unternehmen und Verbänden sowie von betrieblichen Misch- und Sonderformen im evolutorischen...

Markets and Trading -- Agent’s Minimal Intelligence Calibration for Realistic Market Dynamics -- Trading on Marginal Information -- Stylized Facts Study through a Multi-Agent Based Simulation of an Artificial Stock Market -- Auctions -- A Variable Bid Increment Algorithm for Reverse English...

The field of artificial economics (AE) embraces a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The overarching principle of AE is the analysis of aggregate properties of artificial economies populated by...