Computational Model Library

Displaying 10 of 25 results for "Hongwei Liu" clear search

This is an agent-based model of the implementation of the self-enforcing agreement in cooperative teams.

Digital divide and opinion formation

Dongwon Lim | Published Friday, November 02, 2012 | Last modified Monday, May 20, 2013

This model extends the bounded confidence model of Deffuant and Weisbuch. It introduces online contexts in which a person can deliver his or her opinion to several other persons. There are 2 additional parameters accessibility and connectivity.

This paper investigates the impact of agents' trading decisions on market liquidity and transactional efficiency in markets for illiquid (hard-to-trade) assets. Drawing on a unique order book dataset from the fine wine exchange Liv-ex, we offer novel insights into liquidity dynamics in illiquid markets. Using an agent-based framework, we assess the adequacy of conventional liquidity measures in capturing market liquidity and transactional efficiency. Our main findings reveal that conventional liquidity measures, such as the number of bids, asks, new bids and new asks, may not accurately represent overall transactional efficiency. Instead, volume (measured by the number of trades) and relative spread measures may be more appropriate indicators of liquidity within the context of illiquid markets. Furthermore, our simulations demonstrate that a greater number of traders participating in the market correlates with an increased efficiency in trade execution, while wider trader-set margins may decrease the transactional efficiency. Interestingly, the trading period of the agents appears to have a significant impact on trade execution. This suggests that granting market participants additional time for trading (for example, through the support of automated trading systems) can enhance transactional efficiency within illiquid markets. These insights offer practical implications for market participants and policymakers aiming to optimise market functioning and liquidity.

Model to assess factors that influence local communities compliance with protected areas policies

Gustavo Andrade | Published Monday, November 21, 2011 | Last modified Saturday, April 27, 2013

We built a model using R,polr package, to assess 55 published case studies from developing countries to determine what factors influence the level of compliance of local communities with protected area regulations.

We establish a double-layer network for China’s financial system, consisting of an interbank lending network and a cross-shareholding network. The loss of diffusion in an interbank lending channel independently, a cross-shareholding channel independently and a double-layer contagion channel after one of the financial institutions goes bankrupt with an initial shock are simulated to explore the nonlinear evolution mechanism of financial risk and impact factors of financial systemic risk in China.

Peer reviewed A model of environmental awareness spread and its effect in resource consumption reduction

Giovanna Sissa | Published Sunday, June 21, 2015 | Last modified Monday, August 17, 2015

The model reproduces the spread of environmental awareness among agents and the impact of awareness level of the agents on the consumption of a resource, like energy. An agent is a household with a set of available advanced smart metering functions.

Perceived Scientific Value and Impact Factor

Davide Secchi Stephen J Cowley | Published Wednesday, April 12, 2017 | Last modified Monday, January 29, 2018

The model explores the impact of journal metrics (e.g., the notorious impact factor) on the perception that academics have of an article’s scientific value.

This model was built to estimate the impacts of exogenous fodder input and credit loans services on livelihood, rangeland health and profits of pastoral production in a small holder pastoral household in the arid steppe rangeland of Inner Mongolia, China. The model simulated the long-term dynamic of herd size and structure, the forage demand and supply, the cash flow, and the situation of loan debt under three different stocking strategies: (1) No external fodder input, (2) fodders were only imported when natural disaster occurred, and (3) frequent import of external fodder, with different amount of available credit loans. Monte-Carlo method was used to address the influence of climate variability.

This model simulates the opinion dynamics of COVID-19 vaccination to examine especially how fears and cognitive bias contribute to the opinion polarisation and vaccination rate. In studying the opinion dynamics of COVID-19 vaccination, this model refers to the HUMAT framework (Antosz et al, 2019). Many psychological and social processes are included in the model, such as dynamical decision-making processes of information exchange and fear formation, satisfaction evaluation, preferred decision selection and dissonance reduction.

This model is to explore how individuals’ cultural backgrounds may play a role in their Covid vaccination decision-making. Two cultural dimensions of collectivism/individualism and power distance are considered. Through the experimental scenarios, we find that Covid-vaccination opinions in collectivist societies can also be considerably polarised, if the power distance is less and authorities less centralised. This result complements the popular idea that cultural collectivism is usually associated with a high degree of social consensus. Hopefully, this study will help explain countries’ difference in the response of Covid vaccination programs.

Displaying 10 of 25 results for "Hongwei Liu" clear search

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