Purpose – The purpose of the paper, in this two-part series, is to consider certain intriguing aspects of randomness, the basic mathematical concept used to model financial risk and other unknown quantities in the physical world. Design/methodology/approach – In Part 2 of the paper, the...

Purpose – The purpose of the paper, in this two‐part series, is to consider certain intriguing aspects of randomness, the basic mathematical concept used to model financial risk and other unknown quantities in the physical world. Design/methodology/approach – In Part 2 of the paper, the...

In diesem Beitrag stellen wir ein Konzept greifbarer, gegenständlicher Benutzungsschnittstellen vor. Es werdenÜbergänge zwischen dem Modellieren im Realen und dem Erstellen virtueller Modelle geschaffen. Synchronzum gegenständlichen Modell entsteht ein virtuelles Abbild, das für Simulation,...

Recent literature contains many examples of reputation systems which are constructed in anad hoc way or rely upon some heuristic which has been found to be useful. However,comparisons between these reputation systems has been impossible because there are noestablished methods of comparing...

Economic scheduling needs to be considered for Grid computing environment, because it gives an incentive for resource providers to supply their resources. Moreover, it enforces efficient use of resources, because the users have to pay for theiruse. Tendering is a suitable model for Grid...

This article describes the main historical facts concerning the Saint Petersburg paradox, the most important solutions proposed thus far, and the results of new experimental evidence and a simulation of the game that shed light on a solution for this paradox. The Saint Petersburg paradox has...

Part 1. Importance and Model -- Chapter 1. Financial Market Design and Agent-Based Model -- Chapter 2. Base Model for Financial Market Design -- Part 2. Cases -- Chapter 3. Regulations/Rules -- Chapter 4. AI Traders/High Frequency Trades -- Chapter 5. New Financial Exchanges for High-Speed Era...