Adaptive Information Systems and Modelling in Economics
and Management Science
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, artifical 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 also allows
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.
