New international banking rules would not prevent another financial crisis
The Basel III regulatory framework, as planned, will not reduce systemic risk in the financial sector, according to new research. Instead, regulations should aim to increase the resilience of financial ...
Posted by Olaf Bochmann
Posted Jul 1, 2011, 10:03 AM by Olaf Bochmann
Econometric Multiplayer Game
In order to harvest behavioral patterns of market participants Doyne Farmer came up with the idea to use an agent based economic model in a gaming mode. The idea is ...
Posted Aug 8, 2011, 8:19 AM by Olaf Bochmann
Computational Mechanics is an extension of the approaches typically found in statistical mechanics. It is a technique to describe both temporal and spacial organization in systems. It is a more ...
Posted Feb 28, 2011, 1:47 AM by Olaf Bochmann
Agent-Based Model of the Housing Bubble
This article outlines an approach in agent-based computational economics to build a macroeconomic model of the recent housing bubble. The goal of this effort is to gain a better ...
Posted Dec 15, 2010, 11:28 AM by Olaf Bochmann
Agent-based Computational Economics
The goal of agent based modelin in economics is to investigate, how a decentralized economy coordinates economic activities. This question is basically the same as the one Keynes (1934) once ...
Posted Dec 13, 2010, 3:22 PM by Olaf Bochmann
Empirical Techniques to Probe Social Network Structure
Social networks are networks in which vertices represent people or groups of people and edges are social interaction among them, e.g. friendship. In sociological terms vertices are actors and ...
Posted Dec 13, 2010, 6:29 AM by Olaf Bochmann
Entropy and Information
Information is reduction in uncertainty and has nothing to do with knowledge. Imagine you are about to observe the outcome of a coin flip and the outcome ...
Posted Nov 10, 2010, 9:22 AM by Olaf Bochmann
Processes and their Causal Architecture
The behavior of complex systems is a result of their internal structure. This structure reflects how processes compute information. This is determined by answering three questions: How much historical information ...
Posted Mar 1, 2010, 8:18 AM by Olaf Bochmann
A one-dimensional (elementary) cellular automaton consist of a row of cells. Each cell can be in, say one of two states - state '0' and state '1'. At each step ...
Posted Jan 19, 2010, 6:18 PM by Olaf Bochmann
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