Sunday, October 5, 2008

Bubbles and Crashes

For five years or so I have been engaged in a joint research project with Dan Friedman, Professor of Economics at UC Santa Cruz. Sponsored by the National Science Foundation, the project aimed to explore the psychological forces producing bubbles and crashes in financial markets, using agent based modeling as the primary tool. While our models probably could not have predicted the sub-prime mortgage crisis, it surely helps to understand these recent events.
The project website is: Landscape Dynamics

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