The economics of information security has recently become a thriving and fast-moving discipline. As distributed systems are assembled from machines belonging to principals with divergent interests, incentives are becoming as important to dependability ...

This paper addresses the methodological problems of empirical validation in agent-based (AB) models in economics and how these are currently being tackled. We first identify a set of issues that are common to all modelers engaged in empirical validation. ...

Keywords: Agent-based computational economics, B41, B52, C63, Calibration, Empirical validation, History-friendly modeling, Methodology, Simulation models

Economic theory provides a unique vantage point from which to examine issues with respect to emerging technologies, where standards and adoption, business process changes and implementation outcomes, information security, investments and business value, ...

Keywords: Business processes, Consumer behavior, Economic analysis, Financial technology, M-payments, Mobile payments, Network externalities, Payment systems, Standards, Technology adoption

Young economists sometimes ask which computer programming languages they should learn. This paper answers that question by suggesting that they begin with a high level language like GAUSS, GAMS, Mathematica, Maple or MATLAB depending on their field ...

Keywords: computational economics, computer languages, programming languages, software

In surprisingly many computer science research projects, system outcomes may be influenced by computerized or human agents with different economic incentives. Such studies include P2P networks, routing protocols, agent systems, and attacker-defender ...

Keywords: experimental economics, experimental methodology, human subjects

Since the 1960s, economists have experimented with incorporating computerized economic simulations into their classes. This article reviews the literature on the use of simulations and describes some of the simulations currently being distributed. In ...

Keywords: computer-assisted instruction, economic education, economic simulations, teaching of economics

Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Thus, ACE is a specialization of economics of the basic complex adaptive systems paradigm. This study outlines ...

This paper describes how economists study social networks. While economists borrow from other fields like sociology or computer science, their approach of modeling of social networks is distinguished by the emphasis on the role of choices under constraints. ...

Keywords: Economics, Information transmission, Social networks

Many of computer scientists' research projects avail themselves to experimental studies using economic incentives and formulation of economically motivated hypotheses. In this article I argue that these projects can benefit from the large body of work ...

Keywords: experimental economics, experimental methodology, human subjects experiments

The teaching of computational economics to graduate students has mostly been in a single course with a focus on algorithms and computer code. The shortcoming with this approach is that it neglects one of the most important aspects of computational economics--namely ...

Keywords: C63, Computational economics, E61, Graduate teaching

Without exaggeration, the basic challenge of management is economics: how to choose to employ scarce productive resources to accomplish limited objectives effectively. It is well recognized today, and increasingly so in post-industrial societies, that ...

Our concern in this paper is that the capability of economics undergraduates is substantially underestimated in the design of the present college curriculum and that our students are insufficiently challenged and motivated. Students enter our classrooms ...

Keywords: computational economics, teaching economics, undergraduate economics

Dichotomies between privacy attitudes and behavior have been noted in the literature but not yet fully explained. We apply lessons from the research on behavioral economics to understand the individual decision making process with respect to privacy ...
Keywords: electronic commerce, hyperbolic discounting, immediate gratification, privacy, self-control problems

The security economics information has recently become a fast-moving discipline. As distributed systems are assembled from machines belonging to principals with divergent interests, incentives are becoming as important to dependability as technical design. ...
Keywords: ATM, bank, cyber-risk, economics information, security, vulnerability

We discuss some issues and challenges facing economic modellers when confronted with data generated within a non-linear world. The pitfalls associated with the linearisation of inherently non-linear models are raised and the concept of robustness defined ...

Keywords: Attractor, Chaos, Complexity, Linearisation, Robustness, Structural stability

This is an editorial guide for the special issue on computational intelligence (CI) in economics and finance. A historical introduction to the background is given. This research paradigm is traced back to Herbert Simon, who, as a founder of artificial ...

Keywords: agent-based computational economics, artificial intelligence, autonomous agents, computational intelligence, micro-macro relation, stock price-volume relation

Traditionally, computer and software applications have been used by economists to off-load otherwise complex or tedious tasks onto technology, freeing up time and intellect to address other, intellectually more rewarding, aspects of research. On the ...

Keywords: B4, C87, C88, Econometric software, Economic methodology, Other computer software

Several cost models have been proposed in the past for estimating, predicting, and analyzing the costs of software reuse. In this paper we propose an integrated ROI-based cost model which attempts to encompass existing models. Our approach is to analyze ...

Keywords: COCOMO, application engineering, component engineering, domain engineering, return on investment, software cost estimation, software reuse