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Agent-based computational economics and African modeling:perspectives and challenges

Nwaobi, Godwin - 2011

In recent years, the government, of African Countries has assumed major responsibilities for economic reforms and growth. In attempting to describe their economies, economists (policymakers) in many African Countries have applied certain models that are by now widely known: Linear programming...

Persistent link: https://www.econbiz.de/10015229769

Consistency in PERT problems

Bergantiños, Gustavo; Valencia-Toledo, Alfredo; … - 2016

The program evaluation review technique (PERT) is a tool used to schedule and coordinate activities in a complex project. In assigning the cost of a potential delay, we characterize the Shapley rule as the only rule that satisfies consistency and other desirable properties.

Persistent link: https://www.econbiz.de/10015250517

Auction Market System in Electronic Security Trading Platform

Li, Xi Hao - 2012

Under the background of the electronic security trading platform Xetra operated by Frankfurt Stock Exchange, we consider the Xetra auction market system (XAMS) from `bottom-up', which the interaction among heterogeneous traders and Xetra auction market mechanism generates non-equilibrium price...

Persistent link: https://www.econbiz.de/10015234989

Foundations of the economic and social history of the United States: Empirical

Albers, Scott - 2013

I argue that a form of consciousness may be found in American economic history, one which is both mathematically demonstrable and important. In this book I present a model of economic and political growth based upon systematic addition. We begin with a philosophic model of trade (pp. 34-46);...

Persistent link: https://www.econbiz.de/10015235739

Ricardo’s Theory of Value is Still Alive and Well in Contemporary Capitalism

Tsoulfidis, Lefteris - 2018

The purpose of this article is, on the one hand, to shed light on some significant aspects of Ricardo's theory of value and on the other hand to show that Ricardo's insights about the explanatory power of the relative labour times on the movement of relative prices were in the right direction....

Persistent link: https://www.econbiz.de/10015259941

An attitude of complexity: thirteen essays on the nature and construction of reality under the challenge of Zeno's Paradox

Albers, Scott - 2019

This book is about the construction of reality. The central aim of this study is to understand how gravity works and how it may be focused and manipulated. While I do not have an answer to this question, the discoveries along the way have been worth collecting into a single volume for future...

Persistent link: https://www.econbiz.de/10015263934

Dynamic Games under Bounded Rationality

Zhao, Guo - 2015

the traditional approach based on perfect rationality are that: (1) the strategy space is a chain-complete partially … ordered set; (2) the response function is certain order-preserving map on strategy space; (3) the evolution of economic system … can be described by the Dynamical System defined by the response function under iteration; (4) the existence of pure-strategy …

Persistent link: https://www.econbiz.de/10015246624

Dynamic Games under Bounded Rationality

Zhao, Guo - 2015

the traditional approach based on perfect rationality are that: (1) under given state the strategy space is a chain …

Persistent link: https://www.econbiz.de/10015248689

Two Sample Tests for High Dimensional Covariance Matrices

Chen, Songxi - 2012

We propose two tests for the equality of covariance matrices between two high-dimensional populations. One test is on the whole variance-covariance matrices, and the other is on offdiagonal sub-matrices which define the covariance between two non-overlapping segments of the high-dimensional...

Persistent link: https://www.econbiz.de/10015236626

Estimation in semiparametric models with missing data

Chen, Songxi - 2012

This paper considers the problem of parameter estimation in a general class of semiparametric models when observations are subject to missingness at random. The semiparametric models allow for estimating functions that are non-smooth with respect to the parameter. We propose a nonparametric...

Persistent link: https://www.econbiz.de/10015236700