Like many developing countries, Nigeria, is faced with a number of tradeoffs that pit rapid economic development against environmental preservation. Sustainable, “green” economic development is slower, more costly, and more difficult than unrestricted, unregulated economic growth. The...

The study entitled Web-based Agent Incentive System using Role-based Algorithm with SMS notification was designed and developed for networking businesses located at Digos City and beyond the province of Davao del Sur. The study provides an efficient and reliable calculation of incentives to...

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...

The rapid development of computer technology, the emergence of modern cyber threats with signs of hybridity and synergy put forward strict requirements for the economic component of national security and especially the processes of ensuring the economy cybersecurity. The cybersecurity industry...

Scholars in social sciences often refer to “social capital” to explain a wide list of relevant economic and social phenomena. Taking an economic perspective, as put forth by Guiso et al. (Social Economics Handbook , 2011), we refer in this chapter to civic capital, defined as “those...

Overconfidence has been extensively documented in psychology and economics. This paper studies the long-term interaction between two overconfident agents who learn about common payoff-relevant fundamentals, such as the quality of a joint project or their working environment, and choose how much...

We introduce a novel framework to study targeted policy interventions. Agents: 1) differ both in their likelihood of and loss from interaction, 2) exert negative externalities through interaction, and 3) can exert costly effort to isolate. Additionally, a planner can select a subset of agents to...

We explore the macro-financial consequences of the disruption of a supply chain in an agent based framework characterized by two networks, a credit network connecting banks and firms and a production network connecting upstream and down-stream firms. We consider two scenarios. In the first one,...

This article presents an equilibrium-based multi-agent optimal consumption and portfolio problem incorporating sentiments, where multiple agents have heterogeneous (optimistic, pessimistic, neutral) views on fundamental risks represented by Brownian motions.Each agent maximizes its expected...

Overconfidence has been extensively documented in psychology and economics. This paper studies the long-term interaction between two overconfident agents who learn about common payoff-relevant fundamentals, such as the quality of a joint project or their working environment, and choose how...