Behavioral Interactions Markets And Economic Dynamics

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Behavioral Interactions, Markets, and Economic Dynamics

Shinsuke Ikeda,Hideaki Kiyoshi Kato,Fumio Ohtake,Yoshiro Tsutsui
Behavioral Interactions Markets and Economic Dynamics Book PDF

Author : Shinsuke Ikeda,Hideaki Kiyoshi Kato,Fumio Ohtake,Yoshiro Tsutsui
Publisher : Springer
Page : 669 pages
File Size : 45,9 Mb
Release : 2015-09-12
Category : Business & Economics
ISBN : 9784431555018

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Behavioral Interactions, Markets, and Economic Dynamics by Shinsuke Ikeda,Hideaki Kiyoshi Kato,Fumio Ohtake,Yoshiro Tsutsui Pdf

This book collects important contributions in behavioral economics and related topics, mainly by Japanese researchers, to provide new perspectives for the future development of economics and behavioral economics. The volume focuses especially on economic studies that examine interactions of multiple agents and/or market phenomena by using behavioral economics models. Reflecting the diverse fields of the editors, the book captures broad influences of behavioral economics on various topics in economics. Those subjects include parental altruism, economic growth and development, the relative and permanent income hypotheses, wealth distribution, asset price bubbles, auctions, search, contracts, personnel management and market efficiency and anomalies in financial markets. The chapter authors have added newly written addenda to the original articles in which they address their own subsequent works, supplementary analyses, detailed information on the underlying data and/or recent literature surveys. This will help readers to further understand recent developments in behavioral economics and related research.

Selected Readings in Behavioral Economics and Finance

Shinsuke Ikeda,Hideaki Kiyoshi Kato,Fumio Ohtake,Yoshiro Tsutsui
Selected Readings in Behavioral Economics and Finance Book PDF

Author : Shinsuke Ikeda,Hideaki Kiyoshi Kato,Fumio Ohtake,Yoshiro Tsutsui
Publisher : Springer
Page : 0 pages
File Size : 46,9 Mb
Release : 2015-11-09
Category : Business & Economics
ISBN : 4431559736

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Selected Readings in Behavioral Economics and Finance by Shinsuke Ikeda,Hideaki Kiyoshi Kato,Fumio Ohtake,Yoshiro Tsutsui Pdf

These two volumes include important contributions by eminent Japanese researchers and their coauthors on advances in behavioral economics and finance. Behavioral Economics of Preferences, Choices, and Happiness covers decision making and human well-being. Key topics include decision making under the conditions of inter-temporal choices, risk and social relations, happiness, and the neuro-scientific and biological basis of behavior. Behavioral Interactions, Markets, and Economic Dynamics focuses especially on economic studies that examine interactions of multiple agents or market phenomena or both by using behavioral economics models. Together, the two volumes effectively enable readers to broaden and deepen their understanding of the fascinating and highly significant topics of behavioral economics and finance.

The Economics of Self-Destructive Choices

Shinsuke Ikeda
The Economics of Self Destructive Choices Book PDF

Author : Shinsuke Ikeda
Publisher : Springer
Page : 191 pages
File Size : 48,8 Mb
Release : 2016-02-19
Category : Business & Economics
ISBN : 9784431557937

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The Economics of Self-Destructive Choices by Shinsuke Ikeda Pdf

Based on recent advances in economics, especially those in behavioral economics, this book elucidates theoretically and empirically the mechanism of time-inconsistent decision making that leads to various forms of self-destructive behavior. The topics include over-eating and obesity, over-spending, over-borrowing, under-saving, procrastination, smoking, gambling, over-drinking, and other intemperate behaviors, all of which relate to serious social problems in advanced countries. In this book, the author attempts to construct a bridge between the basic theory of time discounting, especially as of hyperbolic discounting, and empirically observed “irrational (non-classical)” behavior in the various contexts just mentioned. The empirical validity of the theory is discussed using unique micro data as well as public macro data. The book proposes prescriptions for individual decision makers, whether sophisticated or naïve, to make better choices in self-control problems, and also provides policy makers with useful advice for influencing people’s decision making in the right directions. This work is recommended not only to general readers who seek to learn how to attain better self-regulation under self-control problems. It also helps researchers who seek an overview of positive and normative implications of hyperbolic discounting, and thereby reconstruct economic theory for a better understanding of actual human behavior and the resulting economic dynamics .

Computational Methods in Economic Dynamics

Herbert Dawid,Willi Semmler
Computational Methods in Economic Dynamics Book PDF

Author : Herbert Dawid,Willi Semmler
Publisher : Springer
Page : 216 pages
File Size : 53,6 Mb
Release : 2013-04-21
Category : Business & Economics
ISBN : 3642267521

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Computational Methods in Economic Dynamics by Herbert Dawid,Willi Semmler Pdf

This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.

The Complex Dynamics of Economic Interaction

Mauro Gallegati,Alan P. Kirman,Matteo Marsili
The Complex Dynamics of Economic Interaction Book PDF

Author : Mauro Gallegati,Alan P. Kirman,Matteo Marsili
Publisher : Springer Science & Business Media
Page : 404 pages
File Size : 45,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642170454

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The Complex Dynamics of Economic Interaction by Mauro Gallegati,Alan P. Kirman,Matteo Marsili Pdf

The economy is examined by the authors as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.

The Economy as a Complex Spatial System

Pasquale Commendatore,Ingrid Kubin,Spiros Bougheas,Alan Kirman,Michael Kopel,Gian Italo Bischi
The Economy as a Complex Spatial System Book PDF

Author : Pasquale Commendatore,Ingrid Kubin,Spiros Bougheas,Alan Kirman,Michael Kopel,Gian Italo Bischi
Publisher : Springer
Page : 220 pages
File Size : 55,9 Mb
Release : 2017-09-18
Category : Science
ISBN : 9783319656274

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The Economy as a Complex Spatial System by Pasquale Commendatore,Ingrid Kubin,Spiros Bougheas,Alan Kirman,Michael Kopel,Gian Italo Bischi Pdf

This book is open access under a CC BY-NC 4.0 license. This collected volume represents the final outcome of the COST Action IS1104 “The EU in the new complex geography of economic systems: models, tools and policy evaluation”. Visualizing the EU as a complex and multi-layered network, the book is organized in three parts, each of them dealing with a different level of analysis: At the macro-level, Part I considers the interactions within large economic systems (regions or countries) involving trade, workers migration, and other factor movements. At the meso-level, Part II discusses interactions within specific but wide-ranging markets, with a focus on financial markets and banking systems. Lastly, at the micro-level, Part III explores the decision-making of single firms, especially in the context of location decisions.

Queen Mothers

Rhonda Jeffries
Queen Mothers Book PDF

Author : Rhonda Jeffries
Publisher : IAP
Page : 293 pages
File Size : 50,9 Mb
Release : 2019-08-01
Category : Social Science
ISBN : 9781641137270

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Queen Mothers by Rhonda Jeffries Pdf

Black women’s experiences functioning as mothers, teachers and leaders are confounding and complex. Queen Mothers from Ghanaian tradition are revered as the leaders of their matrilineal families and the teachers of the high chiefs (Müller, 2013; Stoeltje, 1997). Conversely, the influence of the British Queen Mother on Black women in the Americas translates as a powerless title of (dis)courtesy. Characterized as a deviant figure by colonialists, the Black Queen Mother’s role as disruptive agent was created by White domination of Black life (Masenya, 2014) and this branding persists among contemporary perceptions of Black women who function as the mother, teacher, or leader figure in various spaces. Nevertheless, Black women as cultural anomalies were suitable to mother others for centuries in their roles as chattel and domestic servants in the United States. Dill (2014), Lawson (2000), Lewis (1977) and Rodriguez (2016) provide explorations of the devaluation of Black women in roles of power with these effects wide-ranging from economic and family security, professional and business development, healthcare maintenance, political representation, spiritual enlightenment and educational achievement. This text interrogates contexts where Black women function as Queen Mothers and contests the trivialization of their manifold contributions. The contributed chapters explore: The myriad experiences of Black women mothering, teaching and leading their children, families and communities; how spirituality has influenced the leadership styles of Black women as mothers and teachers; and how Black women are uniquely positioned to mother, teach, and lead in personal and professional spaces.

Artificial Intelligence in Financial Markets

Christian L. Dunis,Peter W. Middleton,Andreas Karathanasopolous,Konstantinos Theofilatos
Artificial Intelligence in Financial Markets Book PDF

Author : Christian L. Dunis,Peter W. Middleton,Andreas Karathanasopolous,Konstantinos Theofilatos
Publisher : Springer
Page : 349 pages
File Size : 49,8 Mb
Release : 2016-11-21
Category : Business & Economics
ISBN : 9781137488800

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Artificial Intelligence in Financial Markets by Christian L. Dunis,Peter W. Middleton,Andreas Karathanasopolous,Konstantinos Theofilatos Pdf

As technology advancement has increased, so to have computational applications for forecasting, modelling and trading financial markets and information, and practitioners are finding ever more complex solutions to financial challenges. Neural networking is a highly effective, trainable algorithmic approach which emulates certain aspects of human brain functions, and is used extensively in financial forecasting allowing for quick investment decision making. This book presents the most cutting-edge artificial intelligence (AI)/neural networking applications for markets, assets and other areas of finance. Split into four sections, the book first explores time series analysis for forecasting and trading across a range of assets, including derivatives, exchange traded funds, debt and equity instruments. This section will focus on pattern recognition, market timing models, forecasting and trading of financial time series. Section II provides insights into macro and microeconomics and how AI techniques could be used to better understand and predict economic variables. Section III focuses on corporate finance and credit analysis providing an insight into corporate structures and credit, and establishing a relationship between financial statement analysis and the influence of various financial scenarios. Section IV focuses on portfolio management, exploring applications for portfolio theory, asset allocation and optimization. This book also provides some of the latest research in the field of artificial intelligence and finance, and provides in-depth analysis and highly applicable tools and techniques for practitioners and researchers in this field.

New Perspectives for Environmental Policies Through Behavioral Economics

Frank Beckenbach,Walter Kahlenborn
New Perspectives for Environmental Policies Through Behavioral Economics Book PDF

Author : Frank Beckenbach,Walter Kahlenborn
Publisher : Springer
Page : 335 pages
File Size : 42,5 Mb
Release : 2015-09-25
Category : Business & Economics
ISBN : 9783319167930

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New Perspectives for Environmental Policies Through Behavioral Economics by Frank Beckenbach,Walter Kahlenborn Pdf

This book presents essential insights on environmental policy derived from behavioral economics. The authors demonstrate the potential of behavioral economics to drive environmental protection and to generate concrete proposals for the efficient design of policy instruments. Moreover, detailed recommendations on how to use “nudges” and related instruments to move industry and society toward a sustainable course are presented. This book addresses the needs of environmental economists, behavioral economists and environmental policymakers, as well as all readers interested in the intersection between behavioral economics and environmental policy.

Simulation in Computational Finance and Economics: Tools and Emerging Applications

Alexandrova-Kabadjova, Biliana
Simulation in Computational Finance and Economics Tools and Emerging Applications Book PDF

Author : Alexandrova-Kabadjova, Biliana
Publisher : IGI Global
Page : 378 pages
File Size : 45,7 Mb
Release : 2012-08-31
Category : Business & Economics
ISBN : 9781466620124

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Simulation in Computational Finance and Economics: Tools and Emerging Applications by Alexandrova-Kabadjova, Biliana Pdf

Simulation has become a tool difficult to substitute in many scientific areas like manufacturing, medicine, telecommunications, games, etc. Finance is one of such areas where simulation is a commonly used tool; for example, we can find Monte Carlo simulation in many financial applications like market risk analysis, portfolio optimization, credit risk related applications, etc. Simulation in Computational Finance and Economics: Tools and Emerging Applications presents a thorough collection of works, covering several rich and highly productive areas of research including Risk Management, Agent-Based Simulation, and Payment Methods and Systems, topics that have found new motivations after the strong recession experienced in the last few years. Despite the fact that simulation is widely accepted as a prominent tool, dealing with a simulation-based project requires specific management abilities of the researchers. Economic researchers will find an excellent reference to introduce them to the computational simulation models. The works presented in this book can be used as an inspiration for economic researchers interested in creating their own computational models in their respective fields.

Network Theory and Agent-Based Modeling in Economics and Finance

Anindya S. Chakrabarti,Lukáš Pichl,Taisei Kaizoji
Network Theory and Agent Based Modeling in Economics and Finance Book PDF

Author : Anindya S. Chakrabarti,Lukáš Pichl,Taisei Kaizoji
Publisher : Springer Nature
Page : 458 pages
File Size : 42,8 Mb
Release : 2019-10-23
Category : Business & Economics
ISBN : 9789811383199

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Network Theory and Agent-Based Modeling in Economics and Finance by Anindya S. Chakrabarti,Lukáš Pichl,Taisei Kaizoji Pdf

This book presents the latest findings on network theory and agent-based modeling of economic and financial phenomena. In this context, the economy is depicted as a complex system consisting of heterogeneous agents that interact through evolving networks; the aggregate behavior of the economy arises out of billions of small-scale interactions that take place via countless economic agents. The book focuses on analytical modeling, and on the econometric and statistical analysis of the properties emerging from microscopic interactions. In particular, it highlights the latest empirical and theoretical advances, helping readers understand economic and financial networks, as well as new work on modeling behavior using rich, agent-based frameworks. Innovatively, the book combines observational and theoretical insights in the form of networks and agent-based models, both of which have proved to be extremely valuable in understanding non-linear and evolving complex systems. Given its scope, the book will capture the interest of graduate students and researchers from various disciplines (e.g. economics, computer science, physics, and applied mathematics) whose work involves the domain of complexity theory.

Social-Behavioral Modeling for Complex Systems

Paul K. Davis,Angela O'Mahony,Jonathan Pfautz
Social Behavioral Modeling for Complex Systems Book PDF

Author : Paul K. Davis,Angela O'Mahony,Jonathan Pfautz
Publisher : John Wiley & Sons
Page : 992 pages
File Size : 55,8 Mb
Release : 2019-03-13
Category : Technology & Engineering
ISBN : 9781119484981

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Social-Behavioral Modeling for Complex Systems by Paul K. Davis,Angela O'Mahony,Jonathan Pfautz Pdf

This volume describes frontiers in social-behavioral modeling for contexts as diverse as national security, health, and on-line social gaming. Recent scientific and technological advances have created exciting opportunities for such improvements. However, the book also identifies crucial scientific, ethical, and cultural challenges to be met if social-behavioral modeling is to achieve its potential. Doing so will require new methods, data sources, and technology. The volume discusses these, including those needed to achieve and maintain high standards of ethics and privacy. The result should be a new generation of modeling that will advance science and, separately, aid decision-making on major social and security-related subjects despite the myriad uncertainties and complexities of social phenomena. Intended to be relatively comprehensive in scope, the volume balances theory-driven, data-driven, and hybrid approaches. The latter may be rapidly iterative, as when artificial-intelligence methods are coupled with theory-driven insights to build models that are sound, comprehensible and usable in new situations. With the intent of being a milestone document that sketches a research agenda for the next decade, the volume draws on the wisdom, ideas and suggestions of many noted researchers who draw in turn from anthropology, communications, complexity science, computer science, defense planning, economics, engineering, health systems, medicine, neuroscience, physics, political science, psychology, public policy and sociology. In brief, the volume discusses: Cutting-edge challenges and opportunities in modeling for social and behavioral science Special requirements for achieving high standards of privacy and ethics New approaches for developing theory while exploiting both empirical and computational data Issues of reproducibility, communication, explanation, and validation Special requirements for models intended to inform decision making about complex social systems

Entrepreneurship, the New Economy and Public Policy

Uwe Cantner,Elias Dinopoulos,Robert F. Lanzillotti
Entrepreneurship the New Economy and Public Policy Book PDF

Author : Uwe Cantner,Elias Dinopoulos,Robert F. Lanzillotti
Publisher : Springer Science & Business Media
Page : 344 pages
File Size : 46,5 Mb
Release : 2005-12-12
Category : Business & Economics
ISBN : 9783540269946

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Entrepreneurship, the New Economy and Public Policy by Uwe Cantner,Elias Dinopoulos,Robert F. Lanzillotti Pdf

Silicon Valley is the most salient example of high-tech industrial clusters. Public policymakersthroughouttheworldwouldliketolearnthesecretsofSiliconValley in order to build their own high-tech economies. The existing literature on ind- trial clusters, which traces back to Marshall (1920), focuses on the way in which ?rms bene?t from locating in a cluster; it suggests that once a cluster comes into existence, it tends to reinforce itself by attracting more ?rms. However, a more important question is how to reach this critical mass in the ?rst place. In contrast to the literature, evidence suggests that entrepreneurs rarely move when they est- lish high-tech start-ups (Cooper and Folta, 2000). This contradicts the notion that location choice analyses lead entrepreneurs to a high-tech cluster. A high-tech industrial cluster such as Silicon Valley is characterized by c- centratedentrepreneurship. FollowingSchumpeter,weemphasizethefactthat“the appearance of one or a few entrepreneurs facilitates the appearance of others” (Schumpeter,1934). Weproposeanagent-basedcomputationalmodeltoshowhow high-tech industrial clusters could emerge in a landscape in which no ?rms existed originally. The model is essentially a spatial version of the Nelson-Winter model: Boundedly rational agents are scattered over an explicitly de?ned landscape. Each agent is endowed with some technology, which determines his ?rm’s productivity (if he has one). During each period of time, an agent with no ?rm would make a decision as to whether he wants to start one. This decision is mostly affected by the behavior of his social contacts, who are all his neighbors.

Computable, Constructive & Behavioural Economic Dynamics

Stefano Zambelli
Computable Constructive Behavioural Economic Dynamics Book PDF

Author : Stefano Zambelli
Publisher : Routledge
Page : 901 pages
File Size : 47,8 Mb
Release : 2010-02-25
Category : Business & Economics
ISBN : 9781135272524

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Computable, Constructive & Behavioural Economic Dynamics by Stefano Zambelli Pdf

The book contains thirty original articles dealing with important aspects of theoretical as well as applied economic theory. While the principal focus is on: the computational and algorithmic nature of economic dynamics; individual as well as collective decision process and rational behavior, some contributions emphasize also the importance of classical recursion theory and constructive mathematics for dynamical systems, business cycles theories, growth theories, and others are in the area of history of thought, methodology and behavioural economics. The contributors range from Nobel Laureates to the promising new generation of innovative thinkers. This volume is also a Festschrift in honour of Professor Kumaraswamy Vela Velupillai, the founder of Computable Economics, a growing field of research where important results stemming from classical recursion theory and constructive mathematics are applied to economic theory. The aim and hope is to provide new tools for economic modelling. This book will be of particular appeal to postgraduate students and scholars in one or more of the following fields: computable economics, business cycles, macroeconomics, growth theories, methodology, behavioural economics, financial economics, experimental and agent based economics. It might be also of importance to those interested on the general theme of algorithmic foundations for social sciences.

Monetary Macrodynamics

Toichiro Asada,Carl Chiarella,Peter Flaschel,Reiner Franke
Monetary Macrodynamics Book PDF

Author : Toichiro Asada,Carl Chiarella,Peter Flaschel,Reiner Franke
Publisher : Routledge
Page : 450 pages
File Size : 50,9 Mb
Release : 2012-11-12
Category : Business & Economics
ISBN : 9781135272319

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Monetary Macrodynamics by Toichiro Asada,Carl Chiarella,Peter Flaschel,Reiner Franke Pdf

This book investigates the interaction of effective goods demand with the wage-price spiral, and the impact of monetary policy on financial and the real markets from a Keynesian perspective. Endogenous business fluctuations are studied in the context of long-run distributive cycles in an advanced, rigorously formulated and quantitative setup. The material is developed by way of self-contained chapters on three levels of generality, an advanced textbook level, a research-oriented applied level and on a third level that shows how the interaction of real with financial markets has to be modelled from a truly integrative Keynesian perspective. Monetary Macrodynamics shows that the balanced growth path of a capitalist economy is unlikely to be attracting and that the cumulative forces that surround it are controlled in the large by changes in the behavioural factors that drive the wage-price spiral and the financial markets. Such behavioural changes can in fact be observed in actual economies in the interaction of demand-driven business fluctuations with supply-driven wage and price dynamics as they originate from the conflict over income distribution between capital and labour. The book is a detailed critique of US mainstream macroeconomics and uses rigorous dynamic macro-models of a descriptive and applicable nature. It will be of particular relevance to postgraduate students and researchers interested in disequilibrium processes, real wage feedback channels, financial markets and portfolio choice, financial accelerator mechanisms and monetary policy.