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Segregation by type of work or discrimination are two common explanations for gender segregation in the workplace. A third, gender segregation due to referral hiring through segregated social networks, is less well explored. In this paper, I use an agent-based model of referral hiring to...
In this paper we present the basics of a research program aimed at providing microfoundations to macroeconomic theory on the basis of computational agent-based adaptive descriptions of individual behavior. To exemplify our proposal, a simple prototype model of decentralized multi-market...
We propose a model where agents located in a social network decide whether or not to exert effort to provide a local public good. We assume that they have strong incentives to free-ride on their neighbors’ effort decisions. We characterize the equilibria of the induced game. We also study a...
We introduce social interactions into the Schelling model of residential choice; these interactions take the form of a Prisoner's Dilemma game. We first study a Schelling model and a spatial Prisoner's Dilemma model separately to provide benchmarks for studying a combined model, with preferences...
Recent research has documented that learning and evolution are capable of generating many well-known features in financial times series. We extend the results of LeBaron and Yamamoto (2007) to explore the impact of varying amounts of imitation and agent learning in a simple order-driven market....
This paper investigates the price formation of an artificial futures market with zero-intelligence traders. It extends the zero-intelligence model to speculative agents trading for immediacy on a futures exchange with open outcry, margin constraints, and real-time settlement. Like prior studies...
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