Kategoria BISAC: Mathematics >> Game Theory

This book offers a new explanation why venture capital in investments differ substantially between countries. Recent literature has attributed these differences to differences in the financial architecture and tax regulations. By contrast, this book shows by using simulations of a general equilibrium model that interactions between venture capitalists' reputation building and experience accumulation lead to different levels of venture capital investments. The interactions taking place in venture capital markets can result in inefficiencies in experience accumulation. The study argues that...

"An elegantly written, introductory overview of the field, with a near perfect choice of what to include and what not, enlivened in places by historical tidbits and made eminently readable throughout by crisp language. It has succeeded in doing the near-impossible it has made a subject which is generally inhospitable to nonspecialists because of its family jargon appear nonintimidating even to a beginning graduate student."

The Journal of the Indian Institute of Science

"The book under review gives a comprehensive...

Power, Freedom, and Voting is an interdisciplinary book that presents a comprehensive insight into current research by economists, mathematicians, philosophers and political scientists on three intimately related concepts that are at the heart of theories of democracy and social welfare. The editors have brought together some of the leading scholars in the different fields to create a distinctive volume. Chapters include contributions on foundational and methodological issues in the definition and measurement of power and freedom and empirical studies of power and coalition formation in...

This research monograph introduces the reader to two specific aspects-- clustering techniques and dimensionality reduction--in the context of complex network analysis.

Three centuries ago Montmort and De Moivre published two books on probability theory emphasizing its most important application at that time, games of chance. This book, on the probabilistic aspects of gambling, is a modern version of those classics.

Establishing a new concept of local Lyapunov exponents the author brings together two separate theories, namely Lyapunov exponents and the theory of large deviations.

Specifically, a linear differential system is considered which is controlled by a stochastic process that during a suitable noise-intensity-dependent time is trapped near one of its so-called metastable states. The local Lyapunov exponent is then introduced as the exponential growth rate of the linear system on this time scale. Unlike classical Lyapunov exponents, which involve a limit as time increases to infinity in...

This is a collection of classic research papers on the Dempster-Shafer theory of belief functions. The book is the authoritative reference in the field of evidential reasoning and an important archival reference in a wide range of areas including uncertainty reasoning in artificial intelligence and decision making in economics, engineering, and management. The book includes a foreword reflecting the development of the theory in the last forty years.

Jeder Kredit birgt fur den Kreditgeber ein Risiko, da es unsicher ist, ob der Kreditnehmer seinen Zahlungsverpflichtungen nachkommen wird. Kreditrisiken werden mit Hilfe statistischer Methoden und mathematischer Modelle gemessen. Nicht zuletzt vor dem Hintergrund Basel II hat die quantitative Kreditrisikomessung in den letzten Jahren enorm an Bedeutung gewonnen.

Dieses Buch schliet die Lucke zwischen statistischer Grundlagenliteratur und mathematisch anspruchsvollen Werken zur Modellierung von Kreditrisiken. Es bietet einen Einstieg in die Kreditrisikomessung und die dafur...

This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding stationary state equilibrium. Sufficient heterogeneity leads to global saddle-path stability, uniqueness of a given stationary state and the global uniqueness of the corresponding equilibrium.

This text presents a unified survey of methods for recursive evaluation of aggregate claims distributions. Part I is devoted to univariate distributions, and in Part II, the methodology is extended to multivariate settings.

This book reviews the latest econophysics researches on the fluctuations in stock, forex and other markets. The statistical modeling of markets, using various agent-based game theoretical approaches, and their scaling analysis have been discussed.

The leading researchers in these fields have reported on their recent work and also reviewed the contemporary literature. Some historical perspectives as well as some comments and debates on recent issues in econophysics research have also been included.