Learning Classifier Systems (LCS) have gained popularity in the realm of social science simulation. However, when it comes to actually constructing a LCS for a particular modelling purpose, it seems that every researcher must currently "reinvent the wheel". Taking this situation as a starting...

This paper identifies possible pitfalls of simulation modeling and suggests ways to prevent them. First, we specify five typical pitfalls that are associated with the process of applying simulation models and characterize the \"logic of failure\" (Dörner 1996) behind the pitfalls. Then, we...

This paper develops a systematic approach to quantifying the effect of judgmental biases on aggregate risk measures. Starting with the standard risk management process, we derive the areas that require expert judgment as input in order to aggregate risk into risk measures such as Earnings at...

In the wake of the financial crisis of 2008/09, finance research has been criticized for an ineffective allocation of research efforts and a narrowing research focus. We address this discussion via a quantitative analysis of 4,064 articles published in the top four finance journals between 1988...