| Description |
1 online resource (276 pages) : illustrations |
| Series |
Interdisciplinary studies in economics and management, 1615-7362 ; v. 5 |
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Interdisciplinary studies in economics and management ; v. 5. 1615-7362
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| Contents |
""CONTENTS""; ""List of Contributors""; ""Introduction General scientific concept: aims of SFB 010""; ""I Modeling Consumer Behavior""; ""Basic Concepts and a Discrete-Time Model""; ""1 Purpose and Modules of the Artificial Consumer Market as a Simulation Environment""; ""2 The ACM MacroStructure""; ""3 Set Theory, Brand Choice, (Dis)satisfaction and Adaptive Preferences""; ""4 The ACM Micro Structure: Tracing the Individual Consumer""; ""5 A Formal Description of the Discrete-Time Model""; ""6 Attitude Formation""; ""7 Dynamics of Perceptions""; ""8 Measuring the State of a Consumer"" |
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""9 Choice of a Product""""10 Word-of-mouth communication""; ""A Continuous-Time ACM Model and Experiment""; ""1 Description of the Continuous Artificial Consumer Market (CACM)""; ""1.1 Dynamics of the Perceptions""; ""1.2 Ideal-Point Model""; ""2 Application and Results""; ""2.1 Experimental Market Scenario and Model Calibration""; ""2.2 Maximizing Profits under Alternative Advertising Impact Functions""; ""Capturing Unobserved Consumer Heterogeneity Using the Bayesian Heterogeneity Model""; ""1 Introduction""; ""2 The General Heterogeneity Model "" |
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""2.1 Bayesian Estimation of the Heterogeneity Model under Heterogeneous Variances""""2.2 Bayesian Model Comparison through Model Likelihoods""; ""3 An Illustrative Application from Conjoint Analysis""; ""3.1 The Data""; ""3.2 The Design Matrix""; ""3.3 Model Selection""; ""3.4 Model Identification for the Selected Model""; ""4 Summary and Outlook""; ""II Modeling Financial Markets""; ""Non-linear Volatility Modeling in Classical and Bayesian Frameworks with Applications to Risk Management""; ""1 Introduction""; ""2 Description of Models""; ""3 Data Sets""; ""4 Maximum Likelihood Framework"" |
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""4.1 Estimation of Models""""4.2 Out-of-Sample Loss Function Performance""; ""4.3 VaR Application""; ""5 Bayesian Approach""; ""5.1 Basic Concepts and Notations""; ""5.2 Priors""; ""5.3 MCMC Posterior Simulation""; ""5.4 Bayesian Comparison Results""; ""6 Discussion and Conclusions""; ""Expectation Formation and Learning in Adaptive Capital Market Models""; ""1 Introduction""; ""2 A Basic Capital Market Model""; ""3 Learning and Stability for the Homogeneous Agent Model""; ""3.1 Sample Autocorrelation Learning""; ""3.2 Learning by Exponential Smoothing"" |
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""4 Consistent Expectations Equilibria""""5 Adaptive Belief Systems""; ""6 Conclusions and Discussion""; ""III Agent-Based Simulation Models""; ""The Artificial Economy: A Generic Simulation Environment for Heterogeneous Agents""; ""1 Introduction""; ""2 The Simulation Manager""; ""2.1 A Typical Simulation Cycle""; ""2.2 Using XML for Simulation Settings""; ""3 Agent Specification""; ""3.1 Wrapping Agents""; ""3.2 How Agents Are Controlled during Simulations""; ""3.3 Using XML for Defining Agent Interfaces""; ""4 Communication Structures""; ""5 Dynamic Settings""; ""6 Control Issues"" |
| Summary |
"This title covers statistical models of heterogeneity, artifical 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 both interesting for readers with a background in economics/management and mathematics and statistics in a way that allows also non-expert readers to grasp the ideas of modern management science. This book this provides a unique integrated toolbox for building realistic agent-based models of learning and adaptation in a variety of settings based on sound data analysis."--Jacket |
| Bibliography |
Includes bibliographical references |
| Notes |
Print version record |
| Subject |
Economics -- Mathematical models.
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BUSINESS & ECONOMICS -- Econometrics.
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BUSINESS & ECONOMICS -- Statistics.
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Affaires.
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Science économique.
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Economie de l'entreprise.
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Economics -- Mathematical models
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Econometrische modellen.
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Statistische modellen.
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| Form |
Electronic book
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| Author |
Taudes, Alfred
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| ISBN |
3211206841 |
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9783211206843 |
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9783211299012 |
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3211299017 |
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9786611167615 |
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6611167617 |
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