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A discretization scheme for a portfolio selection problem is discussed. The model is a benchmark relative, mean-variance optimization problem in continuous time. In order to make the model computationally tractable, it is discretized in time and space. Thi ...
The very existence of urban formations on all inhabited continents and throughout the history of mankind since the 3rd millennium B.C. leads to suppose a tendency of some structured societies to maximize interaction by minimizing physical distance. Were th ...
We propose a discrete choice framework for pedestrian dynamics, modelling short term behavior of individuals as a response to the presence of other pedestrians. We use a dynamic and individual-based spatial discretization, representing the physical space. ...
In this paper we present the results of an agent-based model of open innovation, which suggest the network knowledge advantage underlying open interfirm networks of innovation, as opposed to an advantage arising from the interfirm network structure. To dat ...
Despite the rigour and ability of game theory to cope with oligopolistic electric markets, it fails to model many existing behaviours in the real-world circumstances. The traditional models such as statistical extrapolation or econometrics are not capable ...
In this work a general framework for the simulation of sedimentary basins in presence of salt structures is addressed. Sediments and evaporites are modeled as non-Newtonian fluids and the thermal effects induced by the presence of salt are taken into accou ...
This paper describes an agent-based model of socio-spatial segregation, result of a synthesis between « Schelling’s spatial segregation model » and a demographc model of dependency between household fertility rates and socio-economical status of their desc ...
Individual choices are either based on personal experience or on information provided by peers. The latter case causes individuals to conform to the majority in their neighbourhood. Such herding behaviour may be very efficient in aggregating disperse priva ...
In this paper we compare Nash equilibria analysis and agent-based modelling for assessing the market dynamics of network-constrained pool markets. Power suppliers submit their bids to the market place in order to maximize their payoffs, where we apply rein ...
In this paper we introduce the framework of Partial difference Equations (PdEs) over graphs for analyzing the behavior of multi-agent systems equipped with decentralized control schemes. Both leaderless and leader-follower models are considered. PdEs mimic ...