How do regions enter new and distant technological fields? Who is triggering this process? This work addresses these compelling research questions by investigating the role of migrant inventors in the process of technological diversification. Immigrant inventors can indeed act as carriers of...

Operations Management endeavors to identify polices that improve real-world operating systems. However, these systems often consist of actors that do not behave fully rationally and to improve performance managers must predict how such boundedly-rational actors will behave. Approaches to this...

Agent-based computational economics (ACE) has been attracting attention in recent years. This method, however, is challenging because of the complexity of the model’s structure due to the coexistence of systems for decision-making and those involved in financial transactions. Further, ACE...

The heterogeneous agent model (HAM) is a powerful tool to study the stock price dynamics and stylized anomalies in financial markets. However, existing HAMs often focus on the one-asset scenario which makes them hard to apply for the empirical studies of asset pricing and portfolio selection. In...

This paper presents a complex, modular, 1:1 scale model of the Hungarian residential housing market. All of the 4 million households with their relevant characteristics and all of the flats with detailed attributes like size, state and neighbourhood quality are represented, based on empirical...

This paper considers a multi-agent optimal investment problem with conservative sentiments in an incomplete market by a BSDE approach. Particularly, we formulate the conservative sentiments of the agents by a sup-inf/inf-sup problem where we take infimum on a choice of a probability measure and...

The mechanism underlying banks’ interest rate setting behaviour is an important element in the study of economic systems with important policy implications associated with the potential of monetary and -recently- macroprudential policies to affect the real economy. In the agent-based modelling...

This thesis describes an extension of the opinion-integrated agent-based betting exchange simulation platform Bristol Betting Exchange (BBE). BBE is a synthetic data generator of an in-play market on a betting exchange, providing a means to generate sufficient data necessary for the discovery of...

This paper contributes to the economics of AI by exploring three topics neglected by economists: (i) the notion of a Singularity (and Singleton), (ii) the existential risks that AI may pose to humanity, including that from an extraterrestrial AI in a Dark Forest universe; and (iii) the relevance...