---------- Forwarded message ---------- From: Walter Schachermayer <wschach(a)fam.tuwien.ac.at> ---------- Forwarded message ---------- Date: Tue, 25 Nov 2003 17:12:56 +0100 From: OeFAI Information Server <oefaiinf(a)ai.univie.ac.at> Subject: 20031203.VORTRAG: Dr. Brian Sallans, OFAI, Wien VORTRAG ******* Oesterreichisches Forschungsinstitut fuer Artificial Intelligence(OeFAI) Freyung 6/6, A-1010 Wien Tel.: +43-1-53361120, Fax: +43-1-5336112-77, Email: sec(a)oefai.at ------------------------------------------------------------------------- Dr. Brian Sallans Oesterreichisches Forschungsinstitut fuer Artificial Intelligence (OeFAI) AN AGENT-BASED MODEL OF INTERACTING MARKETS With the increase in available computational power, agent-based economic models have grown in prominence as a supplement to analytic models and empirical studies. I will describe an agent-based discrete- time model of interacting consumer and financial markets. The two markets are linked through the behavior of boundedly-rational, learning firms. The firms compete in the consumer market, and try to satisfy both their customers and their shareholders. The model also includes stock traders and simple consumers. I will give an overview of the model, discuss validation and model exploration methods, and show how the model can be used to investigate stock-option-based management compensation. Zeit: Mittwoch, 3.12.2003, 18:30 Uhr pktl. Ort: Oesterreichisches Forschungsinstitut fuer Artificial Intelligence FREYUNG 6/6, 1010 Wien. OESTERREICHISCHES FORSCHUNGSINSTITUT FUER ARTIFICIAL INTELLIGENCE o.Univ.-Prof. Ing. Dr. Robert Trappl *** [added by Andreas Schamanek:] OeFAI -- http://www.oefai.at/