Computational Economics is rapidly evolving into an independent branche in economics. This paper describes the current and future developments within the field of Computational Economics. This is a preview of subscription content, log in via an institution to check access. Similar content being viewed...
Another goal of computational economics is the identification of regularities and patterns within an economic system, which at first glance may seem to be totally random. Researchers attempt to explain the observed regularities by tracking recurrent patterns of interaction among the agents. Using computer...
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Computational finance is the process of applying several factors to arrive at conclusions regarding matters like investments...
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Here are a few other ways AI is changing the way people work, learn, and interact with technology: Robotics Robotics has been used in manufacturing for years, but before the introduction of AI, calibration and reprogramming had to be done manually—and typically only after something broke down...
First, it is common that financial asset returns are generally fat-tailed and have negative skewness and that financial time series volatility is correlated in a non-Gaussian way. In addition, due to the occurrence of extreme observations and the complex structure of the dependence among asset ...
What Are the Economics of Mining Bitcoin? Bitcoin mining is a business venture. Profits generated from its output—bitcoin—depend on the investment made in its inputs. There are three main costs involved in Bitcoin mining: Electricity: This is the power that runs your mining systems 24/7. ...
Computational EconomicsAgent-based modellingPhilosophy of ScienceSimulation of Socio-economic SystemsIn this paper we present our views on the distinguishing features of Artificial Economics and on its relation with Theoretical Economics 鈥搕he field that in our opinion lies closest to Artificial Economics...
After coding and analyzing the ideas they generated,the team found that people with a growth mindset of interest were more likely to bridge programs across the arts and sciences to create new majors like computational economics rather than creating majors that drew from only one of those areas, ...