Game Theory and mutual misunderstanding

scientific dialogues in five acts

This book consists of five acts and two interludes, which are all written as dialogues between three main characters and other supporting characters. Each act discusses the epistemological, institutional and methodological foundations of game theory and economics, while using various stories and examples. A featured ...

Advances in dynamic games

applications to economics, finance, optimization, and stochastic control

This book focuses on various aspects of dynamic game theory, presenting state-of-the-art research and serving as a guide to the vitality and growth of the field and its applications. The selected chapters, written by experts in their respective disciplines, are an outgrowth of presentations originally ...

Optimization in economics and finance

some advances in non-linear, dynamic, multi-criteria and stochastic models

Many optimization questions arise in economics and finance; an important example of this is the society's choice of the optimum state of the economy (the social choice problem). Optimization in Economics and Finance extends and improves the usual optimization techniques, in a form that ...

Introduction to modern portfolio optimization with NUOPT and S-PLUS

increasingly critical ingredient of asset and fund management, while at the same time portfolio risk assessment has become an essential ingredient in risk management, and this trend will only accelerate in the coming years. Unfortunately there is a large gap between the limited treatment of ...

On line citizenship

emerging technologies for european cities

Nonlinear dynamics and heterogeneous interacting agents

Economic application of nonlinear dynamics, microscopic agent-based modelling, and the use of artificial intelligence techniques as learning devices of boundedly rational actors are among the most exciting interdisciplinary ventures of economic theory over the past decade. This volume provides us with a most fascinating series ...

Dynamical sistems

examples of complex behaviour

This book presents a survey of the field of dynamical systems and its significance for research in complex systems and other fields, based on a careful analysis of specific important examples. It also explains the fundamental underlying mathematical concepts, with a particular focus on invariants ...

Risk and asset alloction

This encyclopedic, detailed exposition spans all the steps of one- period allocation from the foundations to the most advanced developments. Multivariate estimation methods are analyzed in depth, including non- parametric, maximum-likelihood under non-normal hypotheses, shrinkage, robust, and very general Bayesian techniques. Evaluation methods such as ...

Leveraging mobile media

cross-media strategy and innovation policy for mobile media communication

Mobile communications and next generation wireless networks emerge as new distribution channels for the media. This development offers exciting new opportunities for media companies: the mobile communication system creates new usage contexts for media content and services; the social use of mobile communications suggests that ...

Monetary policy and the german unemployment problem in Macroecomics models

Theory and evidence

Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and modeling ...

Monetary policy and macroeconomics stabilization in Latin America

The book focuses on the recent experience of Latin America economies with designing, announcing, and implementing monetary policies with different internal and external anchors. Given the often dismal track record of monetary stabilization in Latin America, it deals primarily with the conditions of the economies ...

Innovation policy in a knowledge-based economy

theory and practice

The main underlining conviction, throughout the book, is the importance of dynamical and systemic approaches to innovation policies. The first part of the book provides the theoretical background for the subsequent more empirical contributions. In the second part, a series of three papers analyse each ...

Principles of european Tort Law

text and commentary

Table of Contents: From the Principles of European Tort Law * Commentaries: General Introduction Basic Norm General Conditions of Liability: Damage, Causation Basis of Liability: Liability based on fault, Strict liability, Liability for others Defences: Defences in general, Contributory conduct or activity Multiple Tortfeasors Remedies: Damages ...

Reflexiones sobre una reforma orientada al ciudadano

la descentralización participativa de Montevideo

Rights before courts

a study of Constitutional Courts in Postcommunist States of Central and Eastern Europe

Challenging the conventional wisdom that constitutional courts are the best device that democratic systems have for the protection of individual rights, Wojciech Sadurski examines carefully the most recent wave of activist constitutional courts: those that have emerged after the fall of communism in Central and ...

Comparative corporate governance

shareholders as a rule-maker

This book is an analytical overview of the regulation of shareholder activism in the UK and Germany. At a more general level, the book shows how the comparative legal method can be used in the study of the corporate governance systems of different countries. The ...

A teatrise of legal philosophy and general jurisprudence

The Treatise of Legal Philosophy and General Jurisprudence is a comprehensive treatment of the issues in legal philosophy and general jurisprudence. This major reference work will consist of a Theoretical Part, 5 volumes, to be published in 2005, and a Historical Part, 6 volumes, scheduled ...

Stochastic calculus for finance I

the binomial asset pricing model

This book evolved from the first ten years of the Carnegie Mellon professional Master#s program in Computational Finance. The contents of the book have been used successfully with students whose mathematics background consists of calculus and calculus-based probability. The text gives both precise statements ...

Economics, sustainability, and natural resources

economics of sustainable forest management

The economics of sustainability is much more complex than the neoclassical (Newtonian) economic approach to economic efficiency. Forest resources provide the ideal starting point for the economic analysis of sustainability. This book provides a systematic critique of neoclassical economic approaches and their limitations with respect ...

Mutual funds

fifty years of research findings

Mutual funds are the dominant form of investment companies in the United States today, with approximately $7 trillion in assets under management. Over the past half century an important body of academic research has addressed various issues about the nature of these companies. These works ...

Applied research in environmental economics

Sustainable development, climate policy, and biodiversity conservation are examples of issues on the current political agenda in many countries. These themes are also subject to economic research, and economic insights are increasingly finding their way into the design of environmental policy. Still, the reception of ...

Models in cooperative Game Theory

crisp, fuzzy, and multi-choice games

This book investigates models in cooperative game theory in which the players have the possibility to cooperate partially. In a crisp game the agents are either fully involved or not involved at all in coperation with some other agents, while in a fuzzy game players ...