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Agent-based market models are in general based on a-priori defined supply and demand schemes. Likewise, production models assume that prices are known a-priori. In reality prices depend on variable demands and supplies, while demand and supply depend on variable prices, and these two processes...
Persistent link: https://www.econbiz.de/10010989258
Accurate predictions of predator behavior remain elusive in natural settings. Optimal foraging theory predicts that breath-hold divers should adjust time allocation within their dives to the distance separating prey from the surface. Quantitative tests of these models have been hampered by the...
Persistent link: https://www.econbiz.de/10009148638