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Due to their unpredictable behavior, stock markets are examples of complex systems. Yet, the dominant analysis of these markets as- sumes simple stochastic variations, eventually tainted by short-lived memory. This paper proposes an alternative strategy, based on a stochastic geometry de¯ning a...
Persistent link: https://www.econbiz.de/10005628405
We construct a database from the rst 2011 wave of the Portuguese Labor Force Survey and analyze the transitions between labor market states and job search methods during six quarters. In Portugal, the individuals who use more formal job search methods are more likely to get a stable state of...
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The main problem we address in this paper is whether function determines form when a society of agents organizes itself for some purpose or whether the organizing method is more important than the functionality in determining the structure of the ensemble. As an example, we use a neural network...
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Positions offered on a labour market and workers preferences are here described by bit-strings representing individual traits. We study the co-evolution of workers and firm preferences modeled by such traits. Individual ”size-like” properties are controlled by binary encounters which outcome...
Persistent link: https://www.econbiz.de/10005593017
Endogenous, ideas-led, growth theory and agent based modelling with neighbourhood effects literature are crossed. In an economic overlapping generations framework, it is shown how social interactions and neighbourhood effects are of vital importance in the endogenous determination of the long...
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