Clustered volatility in multiagent dynamics

Article Abstract:

A study shows that a phenomenon called clustered volatility arises in multiagent systems when agents resort to switching of strategies in an effort to achieve some of the limited resources available in the system. Clustered volatility is characterized by a sudden burst of activity followed by relaxation to a fixed point. The sudden appearance of activity is believed to be related to an effective random walk brought about by overall stability.

Author: Huberman, Bernardo A., Youssefmir, Michael
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1997
Econometrics & Model Building, Analysis, Econometrics, Economic research, Equilibrium (Economics), Business models, Cluster analysis

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Does economics make citizens corrupt?

Article Abstract:

Research is presented into what causes individuals to be corruptible, with focus on whether economists' behavior is more based on self-interest than that of other individuals.

Author: Frank, Bjorn, Schulze, Gunther G.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2000
Research and Development in the Social Sciences and Humanities, Social & Behavioral Sciences, Beliefs, opinions and attitudes, Economists, Self-interest, Self interest

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Subjects list: Research
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