Download Behavioral Interactions, Markets, and Economic Dynamics PDF

Behavioral Interactions, Markets, and Economic Dynamics

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Publisher : Springer
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ISBN 10 : 9784431555018
Pages : 669 pages
Rating : 4.5/5 (431 users)

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Download or read book Behavioral Interactions, Markets, and Economic Dynamics PDF or another Format written by Shinsuke Ikeda and published by Springer. This book was released on 2015-09-12 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects important contributions in behavioral economics and related topics, mainly by Japanese researchers, to provide new perspectives for the future development of economics and behavioral economics. The volume focuses especially on economic studies that examine interactions of multiple agents and/or market phenomena by using behavioral economics models. Reflecting the diverse fields of the editors, the book captures broad influences of behavioral economics on various topics in economics. Those subjects include parental altruism, economic growth and development, the relative and permanent income hypotheses, wealth distribution, asset price bubbles, auctions, search, contracts, personnel management and market efficiency and anomalies in financial markets. The chapter authors have added newly written addenda to the original articles in which they address their own subsequent works, supplementary analyses, detailed information on the underlying data and/or recent literature surveys. This will help readers to further understand recent developments in behavioral economics and related research.


Download Behavioral Interactions PDF

Behavioral Interactions

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ISBN 10 : LCCN:2015950212
Pages : 669 pages
Rating : 4.1/5 (2 users)

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Download or read book Behavioral Interactions PDF or another Format written by and published by . This book was released on 2015 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Download Selected Readings in Behavioral Economics and Finance PDF

Selected Readings in Behavioral Economics and Finance

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Publisher : Springer
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ISBN 10 : 4431559736
Pages : 1200 pages
Rating : 4.7/5 (559 users)

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Download or read book Selected Readings in Behavioral Economics and Finance PDF or another Format written by Shinsuke Ikeda and published by Springer. This book was released on 2016-04-18 with total page 1200 pages. Available in PDF, EPUB and Kindle. Book excerpt: These two volumes include important contributions by eminent Japanese researchers and their coauthors on advances in behavioral economics and finance. Behavioral Economics of Preferences, Choices, and Happiness covers decision making and human well-being. Key topics include decision making under the conditions of inter-temporal choices, risk and social relations, happiness, and the neuro-scientific and biological basis of behavior. Behavioral Interactions, Markets, and Economic Dynamics focuses especially on economic studies that examine interactions of multiple agents or market phenomena or both by using behavioral economics models. Together, the two volumes effectively enable readers to broaden and deepen their understanding of the fascinating and highly significant topics of behavioral economics and finance.


Download The Economics of Self-Destructive Choices PDF

The Economics of Self-Destructive Choices

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Publisher : Springer
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ISBN 10 : 9784431557937
Pages : 191 pages
Rating : 4.5/5 (431 users)

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Download or read book The Economics of Self-Destructive Choices PDF or another Format written by Shinsuke Ikeda and published by Springer. This book was released on 2016-02-19 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on recent advances in economics, especially those in behavioral economics, this book elucidates theoretically and empirically the mechanism of time-inconsistent decision making that leads to various forms of self-destructive behavior. The topics include over-eating and obesity, over-spending, over-borrowing, under-saving, procrastination, smoking, gambling, over-drinking, and other intemperate behaviors, all of which relate to serious social problems in advanced countries. In this book, the author attempts to construct a bridge between the basic theory of time discounting, especially as of hyperbolic discounting, and empirically observed “irrational (non-classical)” behavior in the various contexts just mentioned. The empirical validity of the theory is discussed using unique micro data as well as public macro data. The book proposes prescriptions for individual decision makers, whether sophisticated or naïve, to make better choices in self-control problems, and also provides policy makers with useful advice for influencing people’s decision making in the right directions. This work is recommended not only to general readers who seek to learn how to attain better self-regulation under self-control problems. It also helps researchers who seek an overview of positive and normative implications of hyperbolic discounting, and thereby reconstruct economic theory for a better understanding of actual human behavior and the resulting economic dynamics .


Download Computational Methods in Economic Dynamics PDF

Computational Methods in Economic Dynamics

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Publisher : Springer Science & Business Media
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ISBN 10 : 9783642169434
Pages : 216 pages
Rating : 4.1/5 (642 users)

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Download or read book Computational Methods in Economic Dynamics PDF or another Format written by Herbert Dawid and published by Springer Science & Business Media. This book was released on 2011-03-23 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.


Download Dynamic Behavior of Real and Stock Markets with a Varying Degree of Interaction PDF

Dynamic Behavior of Real and Stock Markets with a Varying Degree of Interaction

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ISBN 10 : OCLC:1308984177
Pages : 18 pages
Rating : 4.0/5 (13 users)

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Download or read book Dynamic Behavior of Real and Stock Markets with a Varying Degree of Interaction PDF or another Format written by Ahmad Kabir Naimzada and published by . This book was released on 2013 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a macroeconomic behavioral model in order to analyze the interactions between real and financial markets. The real subsystem is represented by a simple Keynesian income-expenditure model, while the financial subsystem is represented by an equilibrium stock market with heterogeneous speculators, i.e., chartists and fundamentalists. The interactions between the two markets are modeled in the following way: the aggregate demand depends, among other variables, also on the stock market price, while the fundamental value used by speculators in their decisional process depends on real economic conditions. In our model we introduce a parameter that represents the degree of interaction. With the aid of analytical and numerical tools we show that an increasing degree of interaction between markets tends to locally stabilize the system. This stabilization occurs via a sequence of period-halving bifurcations. Globally, we find that the stabilization process implies multistability, i.e., the coexistence of different kinds of attractors.


Download The Complex Dynamics of Economic Interaction PDF

The Complex Dynamics of Economic Interaction

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Publisher : Springer Science & Business Media
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ISBN 10 : 9783642170454
Pages : 404 pages
Rating : 4.1/5 (642 users)

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Download or read book The Complex Dynamics of Economic Interaction PDF or another Format written by Mauro Gallegati and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy is examined by the authors as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.


Download Heterogeneous Agent Modeling PDF

Heterogeneous Agent Modeling

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Publisher : Elsevier
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ISBN 10 : 9780444641328
Pages : 834 pages
Rating : 4.6/5 (444 users)

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Download or read book Heterogeneous Agent Modeling PDF or another Format written by Cars Hommes and published by Elsevier. This book was released on 2018-06-27 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Computational Economics: Heterogeneous Agent Modeling, Volume Four, focuses on heterogeneous agent models, emphasizing recent advances in macroeconomics (including DSGE), finance, empirical validation and experiments, networks and related applications. Capturing the advances made since the publication of Volume Two (Tesfatsion & Judd, 2006), it provides high-level literature with sections devoted to Macroeconomics, Finance, Empirical Validation and Experiments, Networks, and other applications, including Innovation Diffusion in Heterogeneous Populations, Market Design and Electricity Markets, and a final section on Perspectives on Heterogeneity. Helps readers fully understand the dynamic properties of realistically rendered economic systems Emphasizes detailed specifications of structural conditions, institutional arrangements and behavioral dispositions Provides broad assessments that can lead researchers to recognize new synergies and opportunities


Download Dynamics of Institutional Change in Emerging Market Economies PDF

Dynamics of Institutional Change in Emerging Market Economies

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Publisher : Springer Nature
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ISBN 10 : 9783030613426
Pages : 387 pages
Rating : 4.6/5 (3 users)

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Download or read book Dynamics of Institutional Change in Emerging Market Economies PDF or another Format written by Nezameddin Faghih and published by Springer Nature. This book was released on 2021-04-08 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic, social, political, and cultural institutions, and institutional change reflect shared journeys of humanity throughout history. This edited volume explores dynamics, trends, and implications of institutional change in emerging markets, by focusing on theories, concepts, and mechanisms of institutional development. Presenting research by eminent scholars and experts engaged in education and research, they address and discuss the most recent issues in the field, reveals new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets. Topics range from dynamics of institutional change and development within the Group of Twenty (G20), and the European Union with an assessment of Brexit impact, to institutional quality measurement, public administration reforms, as well as emergent topics such as the effects of energy and globalization. It provides new international business theories, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change. The book is intended for a wide range of global audience, and should serve as a useful reference in education and research, offering innovative and productive discussions, as well as satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies.


Download Beyond the Representative Agent PDF

Beyond the Representative Agent

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Publisher : Edward Elgar Pub
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ISBN 10 : STANFORD:36105023638757
Pages : 348 pages
Rating : 4.D/5 ( users)

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Download or read book Beyond the Representative Agent PDF or another Format written by Mauro Gallegati and published by Edward Elgar Pub. This book was released on 1999 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors argue for an approach to economic analysis which regards the economy as an interactive system with heterogenous agents and not a system which treats aggregates as some representative individual. They then apply this approach to macro- and micro-analyses including monetary policy and firms, technological innovation and the insider-outsider model. They find that this approach proves more fruitful in explaining empirical phenomena than much of the existing theory.


Download Barriers and Bounds to Rationality PDF

Barriers and Bounds to Rationality

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Publisher : Princeton University Press
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ISBN 10 : 9780691026763
Pages : 255 pages
Rating : 4.0/5 (691 users)

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Download or read book Barriers and Bounds to Rationality PDF or another Format written by Peter Albin and published by Princeton University Press. This book was released on 1998-04-26 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Albin is known for his seminal work in applying the concepts of adaptive dynamical systems, first developed by biologists and physicists, to the study of economic systems. This book is a collection of his pathbreaking articles on the application of cellular automata and complexity theory to economic problems. Duncan Foley provides a thoughtful introduction in which he reviews the disparate analytical sources of Albin's work in the theories of nonlinear dynamical systems, economic dynamics, cellular automata, linguistic and computational complexity, and bounded rationality. Albin has analyzed economic systems as interactions of highly complex components (i.e., intelligent human beings). He uses the theories of generative linguistics and cellular automata to establish that the complexity level of economic systems is, in principle at least, that of a Turing machine or general-purpose computer, establishing that classic economic approaches to the problems of household and firm choice, macroeconomic prediction, and policy evaluation may give rise to undecidable propositions and uncomputable functions. He develops simple models of dynamic economic interaction based on cellular automata which illustrate the inherent complexity of economic interactions and the resulting challenge they pose to traditional theories of rational economic behavior. These models explore the dynamics of the business cycle, decentralized market trading, and the emergence of cooperation in a novel local-interaction version of the repeated prisoners' dilemma game. Albin's work provides a unique and important perspective on economic systems.


Download Queen Mothers PDF

Queen Mothers

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Publisher : IAP
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ISBN 10 : 9781641137270
Pages : 293 pages
Rating : 4.1/5 (641 users)

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Download or read book Queen Mothers PDF or another Format written by Rhonda Jeffries and published by IAP. This book was released on 2019-08-01 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Black women’s experiences functioning as mothers, teachers and leaders are confounding and complex. Queen Mothers from Ghanaian tradition are revered as the leaders of their matrilineal families and the teachers of the high chiefs (Müller, 2013; Stoeltje, 1997). Conversely, the influence of the British Queen Mother on Black women in the Americas translates as a powerless title of (dis)courtesy. Characterized as a deviant figure by colonialists, the Black Queen Mother’s role as disruptive agent was created by White domination of Black life (Masenya, 2014) and this branding persists among contemporary perceptions of Black women who function as the mother, teacher, or leader figure in various spaces. Nevertheless, Black women as cultural anomalies were suitable to mother others for centuries in their roles as chattel and domestic servants in the United States. Dill (2014), Lawson (2000), Lewis (1977) and Rodriguez (2016) provide explorations of the devaluation of Black women in roles of power with these effects wide-ranging from economic and family security, professional and business development, healthcare maintenance, political representation, spiritual enlightenment and educational achievement. This text interrogates contexts where Black women function as Queen Mothers and contests the trivialization of their manifold contributions. The contributed chapters explore: The myriad experiences of Black women mothering, teaching and leading their children, families and communities; how spirituality has influenced the leadership styles of Black women as mothers and teachers; and how Black women are uniquely positioned to mother, teach, and lead in personal and professional spaces.


Download An Introduction to Socio-Finance PDF

An Introduction to Socio-Finance

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Publisher : Springer Science & Business Media
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ISBN 10 : 9783642419447
Pages : 185 pages
Rating : 4.4/5 (642 users)

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Download or read book An Introduction to Socio-Finance PDF or another Format written by Jørgen Vitting Andersen and published by Springer Science & Business Media. This book was released on 2013-12-11 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This introductory text is devoted to exposing the underlying nature of price formation in financial markets as a predominantly sociological phenomenon that relates individual decision-making to emergent and co-evolving social and financial structures. Two different levels of this sociological influence are considered: First, we examine how price formation results from the social dynamics of interacting individuals, where interaction occurs either through the price or by direct communication. Then the same processes are revisited and examined at the level of larger groups of individuals. In this book, models of both levels of socio-finance are presented, and it is shown, in particular, how complexity theory provides the conceptual and methodological tools needed to understand and describe such phenomena. Accordingly, readers are first given a broad introduction to the standard economic theory of rational financial markets and will come to understand its shortcomings with the help of concrete examples. Complexity theory is then introduced in order to properly account for behavioral decision-making and match the observed market dynamics. This book is conceived as a primer for newcomers to the field, as well as for practitioners seeking new insights into the field of complexity science applied to socio-economic systems in general, and financial markets and price formation in particular.


Download Modeling Aggregate Behavior and Fluctuations in Economics PDF

Modeling Aggregate Behavior and Fluctuations in Economics

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Publisher : Cambridge University Press
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ISBN 10 : 9781139431873
Pages : 263 pages
Rating : 4.4/5 (139 users)

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Download or read book Modeling Aggregate Behavior and Fluctuations in Economics PDF or another Format written by Masanao Aoki and published by Cambridge University Press. This book was released on 2001-12-20 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has two components: stochastic dynamics and stochastic random combinatorial analysis. The first discusses evolving patterns of interactions of a large but finite number of agents of several types. Changes of agent types or their choices or decisions over time are formulated as jump Markov processes with suitably specified transition rates: optimisations by agents make these rates generally endogenous. Probabilistic equilibrium selection rules are also discussed, together with the distributions of relative sizes of the bases of attraction. As the number of agents approaches infinity, we recover deterministic macroeconomic relations of more conventional economic models. The second component analyses how agents form clusters of various sizes. This has applications for discussing sizes or shares of markets by various agents which involve some combinatorial analysis patterned after the population genetics literature. These are shown to be relevant to distributions of returns to assets, volatility of returns, and power laws.


Download Artificial Intelligence in Financial Markets PDF

Artificial Intelligence in Financial Markets

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Publisher : Springer
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ISBN 10 : 9781137488800
Pages : 344 pages
Rating : 4.4/5 (137 users)

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Download or read book Artificial Intelligence in Financial Markets PDF or another Format written by Christian L. Dunis and published by Springer. This book was released on 2016-11-21 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: As technology advancement has increased, so to have computational applications for forecasting, modelling and trading financial markets and information, and practitioners are finding ever more complex solutions to financial challenges. Neural networking is a highly effective, trainable algorithmic approach which emulates certain aspects of human brain functions, and is used extensively in financial forecasting allowing for quick investment decision making. This book presents the most cutting-edge artificial intelligence (AI)/neural networking applications for markets, assets and other areas of finance. Split into four sections, the book first explores time series analysis for forecasting and trading across a range of assets, including derivatives, exchange traded funds, debt and equity instruments. This section will focus on pattern recognition, market timing models, forecasting and trading of financial time series. Section II provides insights into macro and microeconomics and how AI techniques could be used to better understand and predict economic variables. Section III focuses on corporate finance and credit analysis providing an insight into corporate structures and credit, and establishing a relationship between financial statement analysis and the influence of various financial scenarios. Section IV focuses on portfolio management, exploring applications for portfolio theory, asset allocation and optimization. This book also provides some of the latest research in the field of artificial intelligence and finance, and provides in-depth analysis and highly applicable tools and techniques for practitioners and researchers in this field.


Download New Perspectives for Environmental Policies Through Behavioral Economics PDF

New Perspectives for Environmental Policies Through Behavioral Economics

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Publisher : Springer
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ISBN 10 : 9783319167930
Pages : 335 pages
Rating : 4.1/5 (319 users)

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Download or read book New Perspectives for Environmental Policies Through Behavioral Economics PDF or another Format written by Frank Beckenbach and published by Springer. This book was released on 2015-09-25 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents essential insights on environmental policy derived from behavioral economics. The authors demonstrate the potential of behavioral economics to drive environmental protection and to generate concrete proposals for the efficient design of policy instruments. Moreover, detailed recommendations on how to use “nudges” and related instruments to move industry and society toward a sustainable course are presented. This book addresses the needs of environmental economists, behavioral economists and environmental policymakers, as well as all readers interested in the intersection between behavioral economics and environmental policy.


Download Simulation in Computational Finance and Economics: Tools and Emerging Applications PDF

Simulation in Computational Finance and Economics: Tools and Emerging Applications

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Publisher : IGI Global
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ISBN 10 : 9781466620124
Pages : 378 pages
Rating : 4.6/5 (466 users)

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Download or read book Simulation in Computational Finance and Economics: Tools and Emerging Applications PDF or another Format written by Alexandrova-Kabadjova, Biliana and published by IGI Global. This book was released on 2012-08-31 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulation has become a tool difficult to substitute in many scientific areas like manufacturing, medicine, telecommunications, games, etc. Finance is one of such areas where simulation is a commonly used tool; for example, we can find Monte Carlo simulation in many financial applications like market risk analysis, portfolio optimization, credit risk related applications, etc. Simulation in Computational Finance and Economics: Tools and Emerging Applications presents a thorough collection of works, covering several rich and highly productive areas of research including Risk Management, Agent-Based Simulation, and Payment Methods and Systems, topics that have found new motivations after the strong recession experienced in the last few years. Despite the fact that simulation is widely accepted as a prominent tool, dealing with a simulation-based project requires specific management abilities of the researchers. Economic researchers will find an excellent reference to introduce them to the computational simulation models. The works presented in this book can be used as an inspiration for economic researchers interested in creating their own computational models in their respective fields.