• 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 Apr 26, 2017, 5:58 AM by Olaf Bochmann
  • Bayesian analysis tutorial using PyMC This is a short Bayesian analysis tutorial developed around the following problem: Consider the following dataset, which is a time series of recorded coal mining disasters in the UK from ...
    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 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
  • Information Theory 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
  • Cellular Automata 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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