The goal of this paper is to provide a sketch of what an agent-based model of the scientific process could be. It is argued that such a model should be constructed with normative claims in mind: i.e. that it should be useful for scientific policy making. In our tentative model, agents are...

Although there is a plentiful literature on the use of evolutionary methodologies for the trading of financial assets, little attention has been paid to potential use of these methods for efficient trade execution. Trade execution is concerned with the actual mechanics of buying or selling the...

A significant problem in the area of stock selection is that of identifying the factors that affect a security’s return. While modern portfolio theory suggests a linear multi-factor model in the form of Arbitrage Pricing Theory it does not suggest the identity, or even the number, of risk...