Search Results - subject:"Algorithms."

Does bounded rationality lead to individual heterogeneity? The impact of the experimentation process and of memory constraints

Casari, Marco - Departament d'Economia i Història Econòmica, … - 2003

In this paper we explore the effect of bounded rationality on the convergence of individual behavior toward equilibrium. In the context of a Cournot game with a unique and symmetric Nash equilibrium, firms are modeled as adaptive economic agents through a genetic algorithm. Computational...

Persistent link: https://www.econbiz.de/10005582606

Indeterminacy, Nonparametric Calibration and Counterfactual Equilibria

Brown, Donald J.; Kannan, Ravi - Cowles Foundation for Research in Economics, Yale University - 2003

We propose a nonparametric approach to multiple calibration of numerical general equilibrium models, where counterfactual equilibria are solutions to the Walrasian inequalities. We present efficient approximation schemes for deciding the solvability of Walrasian inequalities.

Persistent link: https://www.econbiz.de/10005762745

Network-based business process management: embedding business logic in communications networks

Pau, L-F.; Vervest, P.H.M. - Erasmus Research Institute of Management (ERIM), ERIM … - 2003

Advanced Business Process Management (BPM) tools enable the decomposition of previously integrated and often ill-defined processes into re-usable process modules. These process modules can subsequently be distributed on the Internet over a variety of many different actors, each with their own...

Persistent link: https://www.econbiz.de/10005288834

Reversible jump, birth-and-death and more general continuous time Markov chain Monte Carlo samplers.

Cappé, Olivier; Robert, Christian P.; Ryden, Tobias - Université Paris-Dauphine - 2003

Reversible jump methods are the most commonly used Markov chain Monte Carlo tool for exploring variable dimension statistical models. Recently, however, an alternative approach based on birth-and-death processes has been proposed by Stephens for mixtures of distributions. We show that the...

Persistent link: https://www.econbiz.de/10009002745

PREDICCIÓN NO-LINEAL DE TIPOS DE CAMBIO: ALGORITMOS GENÉTICOS, REDES NEURONALES Y FUSIÓN DE DATOS

Álvarez-Díaz, Marcos; Álvarez, Alberto - Departamento de Economía Aplicada, Facultade de … - 2003

It is widely proved the existence of non-linear deterministic structures in the exchange rates dynamic. In this work we intend to exploit these non-linear structures using forecasting methods such as Genetic Algorithm and Neural Networks in the specific case of the Yen/$ and British Pound/$...

Persistent link: https://www.econbiz.de/10011274439

Dynamic decision making and race games

De, Shipra - 2011

Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...

Persistent link: https://www.econbiz.de/10009458721

Empirical evaluation methods for multiobjective reinforcement learning algorithms

Vamplew, Peter; Dazeley, Richard; Berry, Adam; … - 2011

While a number of algorithms for multiobjective reinforcement learning have been proposed, and a small number of … algorithms. This paper proposes standard methods for such empirical evaluation, to act as a foundation for future comparative … studies. Two classes of multiobjective reinforcement learning algorithms are identified, and appropriate evaluation metrics …

Persistent link: https://www.econbiz.de/10009484645

A conceptual framework of generative customization as an approach to product innovation and fulfillment

Buffington, Jack; McCubbrey, Donald - In: European Journal of Innovation Management 14 (2011) 3, pp. 388-403

evolutionary algorithms. Three, discontinuous innovation is established as a creative process enabled through expert designers, and … and discontinuous innovation within one holistic system. It establishes the use of evolutionary algorithms to improve the …

Persistent link: https://www.econbiz.de/10014721243

An introduction to algorithmic trading : basic to advanced strategies

Leshik, Edward A.; Cralle, Jane - 2011

Persistent link: https://www.econbiz.de/10009005362

EVOLUTIONARY ALGORITHM PARAMETER FITNESS: AN EXPLORATORY STUDY

Manikas, Andrew; Godfrey, Michael - In: International Journal of Management and Marketing Research 4 (2011) 3, pp. 35-44

Genetic algorithms were the first evolutionary algorithm designed. These algorithms simulate natural selection to …

Persistent link: https://www.econbiz.de/10011205585