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Adaptive Information Systems And Modelling In Economics And Management Science

Adaptive Information Systems And Modelling In Economics And Management Science

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  • ISBN:9783211206843
  • Editorial: Springer Verlag
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  • Nº Pág.:200
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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 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 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.

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