Discrimination and job-uncertainty

Article Abstract:

An infinite-period game was constructed to prove that discrimination can happen within perfectly similar groups if conditions permit both employers and employees to be uncertain about existing jobs in the future. The assumption supposes that competition arises from a contention over scarce resources. Results show discrimination to arise from a contention between unions of employers and employees for jobs.

Research and Development in the Physical, Engineering, and Life Sciences, Statistics, Unemployment, Social conflict, Statistics (Mathematics)

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The socio-economic dynamics of speculative markets: interacting agents, chaos, and the fat tails of return distributions

Article Abstract:

A model was formulated to analyze the social and economic interaction of speculators under a foreign exchange market. The model revealed high degree of return distributions for mean and fat tails (leptokurtosis). On the other hand, less leptokurtotic was observed for time aggregation. Furthermore, the return distribution that results from the dynamics are consistent with observable regularities.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Economic aspects, Speculation, Exchanges, Foreign exchange market

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Testing for non-linear structure in an artificial financial market

Article Abstract:

Issues relating to financial markets are examined in detail, with a model developed, based on stochastic simulation. Tests on this model are explained and analyzed.

Financial markets

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