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Psychological states side by side with the bounded rational expectations among social agents contributes to the pattern of consumptions in economic system. One of the psychological states are the envy – a tendency to emulate any gaps with other agents' properties. The evolutionary game...
Persistent link: https://www.econbiz.de/10013142876
The aim of this paper is to gain the broad explanation of corruption using simple computational model. We elaborated further the model of corruption described previously in Situngkir (2003b), with some additions in model's properties. We performed hundreds of experiments computationally using...
Persistent link: https://www.econbiz.de/10012734860
The paper presents the dynamics of consumer preferences over two competing products acting in duopoly market. The model presented compared the majority and minority rules as well as the modified Snazjd model in the Von Neumann neighborhood. We showed how important advertising in marketing a...
Persistent link: https://www.econbiz.de/10012731373
While market is a social field where information flows over the interacting agents, there have been not so many methods to observe the spreading information in the prices comprising the market. By incorporating the entropy transfer in information theory in its relation to the Granger causality,...
Persistent link: https://www.econbiz.de/10013013671