My CEF 2015 paper is available on paper

After having been published “online first” last summer, my 2015 paper An agent based simulation of the Stolper-Samuelson effect” has finally been formally published by Springer, on paper. This was somewhat faster than what John Cochrane experienced recently, but unlike him, I did not send my paper to a top tier journal (because it is not a top paper). Nonetheless, this confirms Cochrane’s point that journals should be seen as an archive of scientific research, and not the place to look for the latest ideas.

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Is the Code the Model?

Today, I am going to present a paper titled ‘The Code is the Model’ at the World Congress of Microsimulation. Feel free to download the latest version and let me know what you think.

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Simulations as Test Environments

Today, the top post of hacker news was an artificial intelligence steering a car in the computer game Grand Theft Auto V. This is a great illustration of the power of simulations: even if not entirely realistic, they can provide an excellent test environment - in this case for testing the Deep Drive self-driving car AI.

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Comment in NZZ

Today, Neue Zürcher Zeitung published my comment about the blockchain as an opportunity for Swiss finance.

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Publication in Computational Economics

The paper “An Agent-Based Simulation of the Stolper-Samuelson effect” got accepted for publication in Computational Economics. Originally, this was a term paper Friedrich Kreuser and I wrote for the course Computational Economics and Finance by Karl Schmedders in spring 2014, and that I presented at CEF 2015.

The paper is about replicating a well-known phenomenon from classic economic theory, namely the Stolper-Samuelson effect, in an agent-based simulation. We succeeded at doing so with high accuracy thanks to the adoption of a few new algorithmic ideas. Interestingly, the agent-based simulation is much faster at finding the correct result than Mathematica or Matlab can solve the corresponding equation system from the classic theory.

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FinTech made in Switzerland

Manual Stagars is creating a Swiss FinTech documentary and talked to me about the blockchain and opportunities for Switzerland. (28 minute video)

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Presentation at CEF 2016 in Bordeaux

I presented my paper Seemingly Equivalent Firm Decision Heuristics (the slide deck) at the Computating in Economics and Finance Conference (CEF 2016), with some of the best-known computational economists in the audience, including Jean-Philippe Bouchaud, Herbert Dawid, Christopher Carroll, Matteo Richiardi and Blake LeBaron. Overall, the paper was well-received despite its limited scope (or maybe exactly because of it :) ).

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Applied Game Theory or How to Pay a Dividend without Paying a Dividend

Koninklijke Boskalis Westminster lets its shareholders choose whether they want to receive their yearly dividend in cash or in the form of newly created shares, creating a paradox in which everyone gets less by choosing more.

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Mastering Agent-Based Economics

My master’s thesis in economics (pdf) touches many topics that I plan to research more deeply in the coming years.

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“What I cannot create, I do not understand.”
Richard Feynman