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Author : Richard H. Day
Publisher :
ISBN 13 : 9780122073502
Total Pages : 581 pages
Book Rating : 4.0/5 (735 download)
Download or read book Adaptive Economic Models written by Richard H. Day and published by . This book was released on 1975 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard H. Day
Publisher : Academic Press
ISBN 13 : 1483267326
Total Pages : 592 pages
Book Rating : 4.4/5 (832 download)
Download or read book Adaptive Economic Models written by Richard H. Day and published by Academic Press. This book was released on 2014-05-10 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adaptive Economic Models provides information pertinent to the adaptive processes in economics. This book discusses the developments on research in the field of adaptive economics. Organized into 23 chapters, this book begins with an overview of the study of economic processes using concepts of adaptation. This text then explains how concepts arising from biology can be formulated in such a way that they can be a source of insight into man's social systems. Other chapters present a general view of the adaptation of the firm to its environment and discuss how a firm with a definite commodity in mind can decide whether to enter a given established market. This book discusses as well the simple duopoly problem in which firms are in error in the sense that they specify an incomplete model and add a random error term. The final chapter deals with the set of models and problems for the development of a theory of money and financial institutions. This book is a valuable resource for economic theorists and economists.
Author : John G. Cross
Publisher : Cambridge University Press
ISBN 13 : 9780521067119
Total Pages : 0 pages
Book Rating : 4.0/5 (671 download)
Download or read book A Theory of Adaptive Economic Behavior written by John G. Cross and published by Cambridge University Press. This book was released on 2008-06-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence that short-run economic behaviour cannot reasonably be described solely as the outcome of efficiently implemented self-interest. The author applies this viewpoint to a number of problem areas in which literal applications of maximization theory have not usually proved to be satisfactory. These include analyses of decision-making under uncertainty and gambling behaviour, the role of consumer-oriented advertising in influencing behaviour, the persistence of price dispersions in markets, and inflation.
Author : Herbert Dawid
Publisher : Springer Science & Business Media
ISBN 13 : 3662002116
Total Pages : 173 pages
Book Rating : 4.6/5 (62 download)
Download or read book Adaptive Learning by Genetic Algorithms written by Herbert Dawid and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the learning behavior of genetic algorithms in economic systems with mutual interaction, such as markets. These systems are characterized by a state-dependent fitness function and - for the first time - mathematical results characterizing the long-term outcome of genetic learning in such systems are provided. The usefulness of such results is illustrated by many simulations in evolutionary games and economic models.
Download or read book ADAPTIVE ECONOMIC MODELS- PAPERS FROM A SYMPOSIUM- MATHEMATICS RESEARCH CENTER- PUBLICATION- MATHEMATICS RESEARCH CENTER, UNIVERSITY OF WISCONSIN-MADISON written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard H. Day
Publisher :
ISBN 13 :
Total Pages : 581 pages
Book Rating : 4.:/5 (251 download)
Download or read book Adaptive Economic Models written by Richard H. Day and published by . This book was released on 1975 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard H. Day
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (833 download)
Download or read book Adaptive Economic Theory and Modeling written by Richard H. Day and published by . This book was released on 1978 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pier L. Lanzi
Publisher : Springer
ISBN 13 : 3540450270
Total Pages : 344 pages
Book Rating : 4.5/5 (44 download)
Download or read book Learning Classifier Systems written by Pier L. Lanzi and published by Springer. This book was released on 2003-06-26 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learning Classifier Systems (LCS) are a machine learning paradigm introduced by John Holland in 1976. They are rule-based systems in which learning is viewed as a process of ongoing adaptation to a partially unknown environment through genetic algorithms and temporal difference learning. This book provides a unique survey of the current state of the art of LCS and highlights some of the most promising research directions. The first part presents various views of leading people on what learning classifier systems are. The second part is devoted to advanced topics of current interest, including alternative representations, methods for evaluating rule utility, and extensions to existing classifier system models. The final part is dedicated to promising applications in areas like data mining, medical data analysis, economic trading agents, aircraft maneuvering, and autonomous robotics. An appendix comprising 467 entries provides a comprehensive LCS bibliography.
Author : Martin Shubik
Publisher : MIT Press
ISBN 13 : 9780262693110
Total Pages : 472 pages
Book Rating : 4.6/5 (931 download)
Download or read book The Theory of Money and Financial Institutions written by Martin Shubik and published by MIT Press. This book was released on 1999 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (141 download)
Download or read book Adaptive Economic Models : Proceedings of a Symposium Conducted by the Mathematics Research Center, the University of Wisconsin-madison, October 21-23, 1974 written by and published by . This book was released on 1975 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 581 pages
Book Rating : 4.:/5 (133 download)
Download or read book Adaptive economics models written by and published by . This book was released on with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Arnold H. Packer
Publisher : MIT Press (MA)
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.3/5 (91 download)
Download or read book Models of Economic Systems written by Arnold H. Packer and published by MIT Press (MA). This book was released on 1972 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book at once introduces the entire area of adaptive modeling and precisely defines a new decision-making procedure for developing and using models of large, complex socioeconomic systems.
Author : Alfred Taudes
Publisher : Springer
ISBN 13 : 9783211998717
Total Pages : 0 pages
Book Rating : 4.9/5 (987 download)
Download or read book Adaptive Information Systems and Modelling in Economics and Management Science written by Alfred Taudes and published by Springer. This book was released on 2010-10-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learning and adaption are key features of "real economies". Studying interesting real phenomena like innovation, industry evolution or the role of expectation formulation in financial markets thus necessitates novel methods of data analysis and modelling. This title covers statistical models of heterogeneity, artificial consumer markets, models of adaptive expectation formulation in financial markets and agent-based models of industry evolution, product diversification and energy markets. The joint findings are presented in a manner that is interesting both for readers with a background in economics/management and mathematics and statistics and also for non-expert readers because it allows them to grasp the ideas of modern management science. This book thus provides a unique integrated toolbox for building realistic agent-based models of learning and adaption in a variety of settings based on sound data analysis.
Author : Roy E. Murphy
Publisher : Elsevier
ISBN 13 : 1483264076
Total Pages : 226 pages
Book Rating : 4.4/5 (832 download)
Download or read book Adaptive Processes in Economic Systems written by Roy E. Murphy and published by Elsevier. This book was released on 2016-06-03 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematics in Science and Engineering, Volume 20, Adaptive Processes in Economic Systems demonstrates the usefulness of communications theory, self-adaptive control theory, and thermodynamic theory to certain economic processes. This book discusses the common properties of adaptive processes, role of the decision maker, and mixed adaptive processes of the first and second kind. The economic environmental processes, concept of entropy time, and stochastic dynamic economic process are also elaborated. This text likewise covers the investment model with full liquidity, adaptive capital allocation process, and concept of an economic state space. Other topics include the stochastic equilibrium in the market and individual adaptive behavior. This volume is suitable for engineers, economists, and specialists of disciplines related to economic systems.
Author : Edwin Burmeister
Publisher :
ISBN 13 : 9780909541255
Total Pages : 44 pages
Book Rating : 4.5/5 (412 download)
Download or read book The specification of adaptive expectations in continuous time dynamic economic models written by Edwin Burmeister and published by . This book was released on 1975 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrew W. Lo
Publisher : Princeton University Press
ISBN 13 : 069119680X
Total Pages : 503 pages
Book Rating : 4.6/5 (911 download)
Download or read book Adaptive Markets written by Andrew W. Lo and published by Princeton University Press. This book was released on 2019-05-14 with total page 503 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist—the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo’s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.
Author : Sergiu Hart
Publisher : World Scientific
ISBN 13 : 9814401595
Total Pages : 335 pages
Book Rating : 4.8/5 (144 download)
Download or read book Simple Adaptive Strategies: From Regret-matching To Uncoupled Dynamics written by Sergiu Hart and published by World Scientific. This book was released on 2013-01-22 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume collects almost two decades of joint work of Sergiu Hart and Andreu Mas-Colell on game dynamics and equilibria. The starting point was the introduction of the adaptive strategy called regret-matching, which on the one hand is simple and natural, and on the other is shown to lead to correlated equilibria. This initial finding — boundedly rational behavior that yields fully rational outcomes in the long run — generated a large body of work on the dynamics of simple adaptive strategies. In particular, a natural condition on dynamics was identified: uncoupledness, whereby decision-makers do not know each other's payoffs and utilities (so, while chosen actions may be observable, the motivations are not). This condition turns out to severely limit the equilibria that can be reached. Interestingly, there are connections to the behavioral and neurobiological sciences and also to computer science and engineering (e.g., via notions of “regret”).Simple Adaptive Strategies is self-contained and unified in its presentation. Together with the formal treatment of concepts, theorems, and proofs, significant space is devoted to informal explanations and illuminating examples. It may be used for advanced graduate courses — in game theory, economics, mathematics, computer science, engineering — and for further research.
