In this study, we investigate what would happen in a Chinese historical family line. We have analyzed a particular family line which had a great many candidates who passed the very tough examinations for Chinese government officials over 500 years. First, we studied the genealogical records...

This paper proposes an agent-based model to investigate the role of parental relationships and intergenerational reproduction of cultural capital to understand the long-term professional success of an elite family line during the Ming and Qing dynasties in imperial China. We implemented the...

The condition of cooperation in social conflicts of interest has been an interesting topic. On the one hand people usually desire to make their own profit. On the other hand, they mutually cooperate. This fact has motivated many researchers. Some solutions for this question have been proposed,...

Financial markets are complex systems; all the information scattered around the market is fairly and dynamically reflected in the current prices. It is difficult to understand the dynamics of markets merely by traditional analyzing methods. We propose here a new concept inspired by complex...

In this paper we conduct two experiments within an agent-based double auction market. These two experiments allow us to see the effect of learning and smartness on price dynamics and allocative efficiency. Our results are largely consistent with the stylized facts observed in experimental...

This paper formalizes observations made under agent-based artificial stock market models into a concrete hypothesis, which is called the Dinosaur Hypothesis. This hypothesis states that the behavior of financial markets constantly changes and that the trading strategies in a market need to...