Analysis of verbal models in economics
β Scribed by Yu. A. Kolpakov; E. V. Romanova
- Book ID
- 111494116
- Publisher
- Allerton Press, Inc.
- Year
- 2010
- Weight
- 88 KB
- Volume
- 44
- Category
- Article
- ISSN
- 0005-1055
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
The idea that loosely defined simulation models of organizational behavior can yield more significant information than conventional precisely defined ones, has been explored. Natural language has been utilized as a medium for this purpose. This has allowed for the values of the variables to be lingu
We discuss a fully dynamical microeconomic model where inflation appears as the response of an unstable system to stochastic noise and/or time discretisation of the dynamics. In the model economic agents fix prices and production volumes following simple, robust, suboptimal rules. A global parameter