Physics
Scientific paper
Jul 2010
adsabs.harvard.edu/cgi-bin/nph-data_query?bibcode=2010njph...12g5035w&link_type=abstract
New Journal of Physics, Volume 12, Issue 7, pp. 075035 (2010).
Physics
2
Scientific paper
We propose a simple agent-based macroeconomic model in which firms hold heterogeneous sales expectations. A firm may either optimistically expect an increase in its sales or pessimistically expect the opposite. Whether a given firm is optimistic or pessimistic depends on macroeconomic conditions and the average mood prevailing within its social/local neighborhood. For instance, the probability of a firm taking an optimistic view increases not only during a boom but also with the number of its optimistic neighbors. We show that such an economy may give rise to co-evolving dynamics between the business cycle and the firms' average sentiment.
No associations
LandOfFree
An agent-based macroeconomic model with interacting firms, socio-economic opinion formation and optimistic/pessimistic sales expectations does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with An agent-based macroeconomic model with interacting firms, socio-economic opinion formation and optimistic/pessimistic sales expectations, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and An agent-based macroeconomic model with interacting firms, socio-economic opinion formation and optimistic/pessimistic sales expectations will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-1230656