Computational Techniques For Modelling Learning In Economics

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Computational Techniques for Modelling Learning in Economics

Thomas Brenner
Computational Techniques for Modelling Learning in Economics Book PDF

Author : Thomas Brenner
Publisher : Springer Science & Business Media
Page : 392 pages
File Size : 49,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461550297

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Computational Techniques for Modelling Learning in Economics by Thomas Brenner Pdf

Computational Techniques for Modelling Learning in Economics offers a critical overview of the computational techniques that are frequently used for modelling learning in economics. It is a collection of papers, each of which focuses on a different way of modelling learning, including the techniques of evolutionary algorithms, genetic programming, neural networks, classifier systems, local interaction models, least squares learning, Bayesian learning, boundedly rational models and cognitive learning models. Each paper describes the technique it uses, gives an example of its applications, and discusses the advantages and disadvantages of the technique. Hence, the book offers some guidance in the field of modelling learning in computation economics. In addition, the material contains state-of-the-art applications of the learning models in economic contexts such as the learning of preference, the study of bidding behaviour, the development of expectations, the analysis of economic growth, the learning in the repeated prisoner's dilemma, and the changes of cognitive models during economic transition. The work even includes innovative ways of modelling learning that are not common in the literature, for example the study of the decomposition of task or the modelling of cognitive learning.

Modelling Learning in Economics

Thomas Brenner
Modelling Learning in Economics Book PDF

Author : Thomas Brenner
Publisher : Edward Elgar Publishing
Page : 360 pages
File Size : 44,6 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105023638377

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Modelling Learning in Economics by Thomas Brenner Pdf

This is an investigation into the processes that are involved in economic learning by categorizing different ways of learning, and using mathematical models for their description. Three learning processes are covered: non-cognitive, routine-based and associative learning.

Handbook of Computational Economics

Leigh Tesfatsion,Kenneth L. Judd
Handbook of Computational Economics Book PDF

Author : Leigh Tesfatsion,Kenneth L. Judd
Publisher : Elsevier
Page : 905 pages
File Size : 54,9 Mb
Release : 2006-05-15
Category : Business & Economics
ISBN : 9780080459875

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Handbook of Computational Economics by Leigh Tesfatsion,Kenneth L. Judd Pdf

The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues. *Every volume contains contributions from leading researchers *Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys

Evolutionary Computation in Economics and Finance

Shu-Heng Chen
Evolutionary Computation in Economics and Finance Book PDF

Author : Shu-Heng Chen
Publisher : Physica
Page : 459 pages
File Size : 41,5 Mb
Release : 2013-11-11
Category : Computers
ISBN : 9783790817843

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Evolutionary Computation in Economics and Finance by Shu-Heng Chen Pdf

After a decade's development, evolutionary computation (EC) proves to be a powerful tool kit for economic analysis. While the demand for this equipment is increasing, there is no volume exclusively written for economists. This volume for the first time helps economists to get a quick grasp on how EC may support their research. A comprehensive coverage of the subject is given, that includes the following three areas: game theory, agent-based economic modelling and financial engineering. Twenty leading scholars from each of these areas contribute a chapter to the volume. The reader will find himself treading the path of the history of this research area, from the fledgling stage to the burgeoning era. The results on games, labour markets, pollution control, institution and productivity, financial markets, trading systems design and derivative pricing, are new and interesting for different target groups. The book also includes informations on web sites, conferences, and computer software.

Computational Economic Systems

Manfred Gilli
Computational Economic Systems Book PDF

Author : Manfred Gilli
Publisher : Springer Science & Business Media
Page : 284 pages
File Size : 40,9 Mb
Release : 2013-03-09
Category : Political Science
ISBN : 9789401587433

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Computational Economic Systems by Manfred Gilli Pdf

The approach to many problems in economic analysis has changed drastically with the development and dissemination of new and more efficient computational techniques. Computational Economic Systems: Models, Methods & Econometrics presents a selection of papers illustrating the use of new computational methods and computing techniques to solve economic problems. Part I of the volume consists of papers which focus on modelling economic systems, presenting computational methods to investigate the evolution of behavior of economic agents, techniques to solve complex inventory models on a parallel computer and an original approach for the construction and solution of multicriteria models involving logical conditions. Contributions to Part II concern new computational approaches to economic problems. We find an application of wavelets to outlier detection. New estimation algorithms are presented, one concerning seemingly related regression models, a second one on nonlinear rational expectation models and a third one dealing with switching GARCH estimation. Three contributions contain original approaches for the solution of nonlinear rational expectation models.

Analyses in Macroeconomic Modelling

Andrew J. Hughes Hallett,Peter McAdam
Analyses in Macroeconomic Modelling Book PDF

Author : Andrew J. Hughes Hallett,Peter McAdam
Publisher : Springer Science & Business Media
Page : 295 pages
File Size : 45,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461552192

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Analyses in Macroeconomic Modelling by Andrew J. Hughes Hallett,Peter McAdam Pdf

Macroeconomic Modelling has undergone radical changes in the last few years. There has been considerable innovation in developing robust solution techniques for the new breed of increasingly complex models. Similarly there has been a growing consensus on their long run and dynamic properties, as well as much development on existing themes such as modelling expectations and policy rules. This edited volume focuses on those areas which have undergone the most significant and imaginative developments and brings together the very best of modelling practice. We include specific sections on (I) Solving Large Macroeconomic Models, (II) Rational Expectations and Learning Approaches, (III) Macro Dynamics, and (IV) Long Run and Closures. All of the contributions offer new research whilst putting their developments firmly in context and as such will influence much future research in the area. It will be an invaluable text for those in policy institutions as well as academics and advanced students in the fields of economics, mathematics, business and government. Our contributors include those working in central banks, the IMF, European Commission and established academics.

Computational Methods in Economic Dynamics

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

Author : Herbert Dawid,Willi Semmler
Publisher : Springer Science & Business Media
Page : 217 pages
File Size : 54,6 Mb
Release : 2011-03-23
Category : Business & Economics
ISBN : 9783642169434

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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.

Routledge Handbook of Behavioral Economics

Roger Frantz,Shu-Heng Chen,Kurt Dopfer,Floris Heukelom,Shabnam Mousavi
Routledge Handbook of Behavioral Economics Book PDF

Author : Roger Frantz,Shu-Heng Chen,Kurt Dopfer,Floris Heukelom,Shabnam Mousavi
Publisher : Routledge
Page : 435 pages
File Size : 42,5 Mb
Release : 2016-08-05
Category : Business & Economics
ISBN : 9781317589242

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Routledge Handbook of Behavioral Economics by Roger Frantz,Shu-Heng Chen,Kurt Dopfer,Floris Heukelom,Shabnam Mousavi Pdf

There is no doubt that behavioral economics is becoming a dominant lens through which we think about economics. Behavioral economics is not a single school of thought but representative of a range of approaches, and uniquely, this volume presents an overview of them. The wide spectrum of international contributors each provides an exploration of a central approach, aspect or topic in behavorial economics. Taken together, the whole volume provides a comprehensive overview of the subject which considers both key developments and future possibilities. Part One presents several different approaches to behavioural economics, including George Katona, Ken Boulding, Harvey Leibenstein, Vernon Smith, Herbert Simon, Gerd Gigerenzer, Daniel Kahneman, and Richard Thaler. This section looks at the origins and development of behavioral economics and compares and contrasts the work of these scholars who have been so influential in making this area so prominent. Part Two presents applications of behavioural economics including nudging; heuristics; emotions and morality; behavioural political economy, education, and economic innovation. The Routledge Handbook of Behavioral Economics is ideal for advanced economics students and faculty who are looking for a complete state-of-the-art overview of this dynamic field.

Computational Economics

Oscar Afonso,Paulo B. Vasconcelos
Computational Economics Book PDF

Author : Oscar Afonso,Paulo B. Vasconcelos
Publisher : Routledge
Page : 266 pages
File Size : 51,9 Mb
Release : 2015-08-27
Category : Business & Economics
ISBN : 9781317508656

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Computational Economics by Oscar Afonso,Paulo B. Vasconcelos Pdf

Computational Economics: A concise introduction is a comprehensive textbook designed to help students move from the traditional and comparative static analysis of economic models, to a modern and dynamic computational study. The ability to equate an economic problem, to formulate it into a mathematical model and to solve it computationally is becoming a crucial and distinctive competence for most economists. This vital textbook is organized around static and dynamic models, covering both macro and microeconomic topics, exploring the numerical techniques required to solve those models. A key aim of the book is to enable students to develop the ability to modify the models themselves so that, using the MATLAB/Octave codes provided on the book and on the website, students can demonstrate a complete understanding of computational methods. This textbook is innovative, easy to read and highly focused, providing students of economics with the skills needed to understand the essentials of using numerical methods to solve economic problems. It also provides more technical readers with an easy way to cope with economics through modelling and simulation. Later in the book, more elaborate economic models and advanced numerical methods are introduced which will prove valuable to those in more advanced study. This book is ideal for all students of economics, mathematics, computer science and engineering taking classes on Computational or Numerical Economics.

Natural Computing in Computational Finance

Anthony Brabazon,Michael O'Neill
Natural Computing in Computational Finance Book PDF

Author : Anthony Brabazon,Michael O'Neill
Publisher : Springer Science & Business Media
Page : 246 pages
File Size : 54,9 Mb
Release : 2009-03-13
Category : Business & Economics
ISBN : 9783540959731

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Natural Computing in Computational Finance by Anthony Brabazon,Michael O'Neill Pdf

Recent years have seen the widespread application of Natural Computing algorithms (broadly defined in this context as computer algorithms whose design draws inspiration from phenomena in the natural world) for the purposes of financial modelling and optimisation. A related stream of work has also seen the application of learning mechanisms drawn from Natural Computing algorithms for the purposes of agent-based modelling in finance and economics. In this book we have collected a series of chapters which illustrate these two faces of Natural Computing. The first part of the book illustrates how algorithms inspired by the natural world can be used as problem solvers to uncover and optimise financial models. The second part of the book examines a number agent-based simulations of financial systems. This book follows on from Natural Computing in Computational Finance (Volume 100 in Springer’s Studies in Computational Intelligence series) which in turn arose from the success of EvoFIN 2007, the very first European Workshop on Evolutionary Computation in Finance & Economics held in Valencia, Spain in April 2007.

Parallel Algorithms for Linear Models

Erricos Kontoghiorghes
Parallel Algorithms for Linear Models Book PDF

Author : Erricos Kontoghiorghes
Publisher : Springer Science & Business Media
Page : 216 pages
File Size : 55,8 Mb
Release : 2000-01-31
Category : Business & Economics
ISBN : 0792377206

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Parallel Algorithms for Linear Models by Erricos Kontoghiorghes Pdf

Parallel Algorithms for Linear Models provides a complete and detailed account of the design, analysis and implementation of parallel algorithms for solving large-scale linear models. It investigates and presents efficient, numerically stable algorithms for computing the least-squares estimators and other quantities of interest on massively parallel systems. The monograph is in two parts. The first part consists of four chapters and deals with the computational aspects for solving linear models that have applicability in diverse areas. The remaining two chapters form the second part, which concentrates on numerical and computational methods for solving various problems associated with seemingly unrelated regression equations (SURE) and simultaneous equations models. The practical issues of the parallel algorithms and the theoretical aspects of the numerical methods will be of interest to a broad range of researchers working in the areas of numerical and computational methods in statistics and econometrics, parallel numerical algorithms, parallel computing and numerical linear algebra. The aim of this monograph is to promote research in the interface of econometrics, computational statistics, numerical linear algebra and parallelism.

Agent-Based Computer Simulation of Dichotomous Economic Growth

Roger A. McCain
Agent Based Computer Simulation of Dichotomous Economic Growth Book PDF

Author : Roger A. McCain
Publisher : Springer Science & Business Media
Page : 164 pages
File Size : 42,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461546139

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Agent-Based Computer Simulation of Dichotomous Economic Growth by Roger A. McCain Pdf

Agent-Based Computer Simulation of Dichotomous Economic Growth reports a project in agent-based computer stimulation of processes of economic growth in a population of boundedly rational learning agents. The study is an exercise in comparative simulation. That is, the same family of growth models will be simulated under different assumptions about the nature of the learning process and details of the production and growth processes. The purpose of this procedure is to establish a relationship between the assumptions and the simulation results. The study brings together a number of theoretical and technical developments, only some of which may be familiar to any particular reader. In this first chapter, some issues in economic growth are reviewed and the objectives of the study are outlined. In the second chapter, the simulation techniques are introduced and illustrated with baseline simulations of boundedly rational learning processes that do not involve the complications of dealing with long-run economic growth. The third chapter sketches the consensus modern theory of economic growth which is the starting point for further study. In the fourth chapter, a family of steady growth models are simulated, bringing the simulation, growth and learning aspects of the study together. In subsequent chapters, variants on the growth model are explored in a similar way. The ninth chapter introduces trade, with a spacial trading model that is combined with the growth model in the tenth chapter. The book returns again and again to the key question: to what extent can the simulations `explain' the puzzles of economic growth, and particularly the key puzzle of dichotomization, by constructing growth and learning processes that produce the puzzling results? And just what assumptions of the simulations are most predictable associated with the puzzling results?

Quantitative Economic Policy

Reinhard Neck,Christian Richter,Peter Mooslechner
Quantitative Economic Policy Book PDF

Author : Reinhard Neck,Christian Richter,Peter Mooslechner
Publisher : Springer Science & Business Media
Page : 386 pages
File Size : 52,5 Mb
Release : 2008-03-04
Category : Political Science
ISBN : 9783540746843

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Quantitative Economic Policy by Reinhard Neck,Christian Richter,Peter Mooslechner Pdf

Econometric techniques and models are still being extensively used in the business of forecasting and policy advice. This book presents recent advances in the theory and applications of quantitative economic policy, with particular emphasis on fiscal and monetary policies in a European and global context. The volume honors Andrew Hughes Hallett, a pioneer and major scientist in quantitative economic policy analysis, whose contributors are among his friends and former students.

Computational Methods for Risk Management in Economics and Finance

Marina Resta
Computational Methods for Risk Management in Economics and Finance Book PDF

Author : Marina Resta
Publisher : MDPI
Page : 234 pages
File Size : 53,6 Mb
Release : 2020-04-02
Category : Business & Economics
ISBN : 9783039284986

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Computational Methods for Risk Management in Economics and Finance by Marina Resta Pdf

At present, computational methods have received considerable attention in economics and finance as an alternative to conventional analytical and numerical paradigms. This Special Issue brings together both theoretical and application-oriented contributions, with a focus on the use of computational techniques in finance and economics. Examined topics span on issues at the center of the literature debate, with an eye not only on technical and theoretical aspects but also very practical cases.

Evolution and Economic Complexity

J. Stanley Metcalfe,John Foster
Evolution and Economic Complexity Book PDF

Author : J. Stanley Metcalfe,John Foster
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 42,8 Mb
Release : 2007-01-01
Category : Science
ISBN : 9781845423506

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Evolution and Economic Complexity by J. Stanley Metcalfe,John Foster Pdf

This book provides a useful introduction to evolutionary economics. Adam Gifford, Journal of Bioeconomics With this important collection of fine new papers, Foster and Metcalfe have brought together another volume that will make an impact on the newly unfolding science-of-complexity approach to economics. Ranging from the theoretical foundations to modeling tools and concrete empirical applications, the contributions cover all relevant areas. The reader is being offered exciting new views on variety generating and selecting mechanisms in the economy and their role for technological and commercial change. Ulrich Witt, Max Planck Institute, Jena, Germany Dedicated to the goal of furthering evolutionary economic analysis, this book provides a coherent scientific approach to deal with the real world of continual change in the economic system. Expansive in its scope, this book ranges from abstract discussions of ontology, analysis and theory to more practical discussions on how we can operationalize notions such as capabilities from what we understand as knowledge . Simulation techniques and empirical case studies are also used. Sharpening the focus of the relationship between economic evolution and economic complexity, the book will be of great interest to academics, students and researchers of evolutionary economics.