ICEC '06 Proceedings of the 8th international conference on Electronic commerce: The new e-commerce: innovations for conquering current barriers, obstacles and limitations to conducting successful business on the internet
Concepts inAdaptive mechanism design: a metalearning approach
Mathematical model
A mathematical model is a description of a system using mathematical concepts and language. The process of developing a mathematical model is termed mathematical modelling. Mathematical models are used not only in the natural sciences and engineering disciplines, but also in the social sciences; physicists, engineers, statisticians, operations research analysts and economists use mathematical models most extensively.
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Rational choice theory
Rational choice theory, also known as choice theory or rational action theory is a framework for understanding and often formally modeling social and economic behavior. It is the main theoretical paradigm in the currently-dominant school of microeconomics.
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Prediction
A prediction or forecast is a statement about the way things will happen in the future, often but not always based on experience or knowledge. While there is much overlap between prediction and forecast, a prediction may be a statement that some outcome is expected, while a forecast may cover a range of possible outcomes. Although guaranteed information about the information is in many cases impossible, prediction is necessary to allow plans to be made about possible developments; Howard H.
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Parameter
Parameter (from Ancient Greek παρά also “para” meaning “beside, subsidiary” and μέτρον also “metron” meaning “measure”) can be interpreted in mathematics, logic, linguistics, environmental science and other disciplines. In its common meaning, the term is used to identify a characteristic, a feature, a measurable factor that can help in defining a particular system.
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Behavior
Behavior or behaviour refers to the actions and mannerisms made by organisms, systems, or artificial entities in conjunction with their environment, which includes the other systems or organisms around as well as the physical environment. It is the response of the system or organism to various stimuli or inputs, whether internal or external, conscious or subconscious, overt or covert, and voluntary or involuntary.
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Analysis
Analysis is the process of breaking a complex topic or substance into smaller parts to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle, though analysis as a formal concept is a relatively recent development. The word is a transcription of the ancient Greek ἀνάλυσις (analusis, "a breaking up", from ana- "up, throughout" and lysis "a loosening").
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Mechanism design
Mechanism design (sometimes called reverse game theory) is a field in game theory studying solution concepts for a class of private information games. The distinguishing features of these games are: that a game "designer" chooses the game structure rather than inheriting one that the designer is interested in the game's outcome Such a game is called a "game of mechanism design" and is usually solved by motivating agents to disclose their private information.
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Loss function
In statistics and decision theory a loss function is a function that maps an event onto a real number intuitively representing some "cost" associated with the event. Typically it is used for parameter estimation, and the event in question is some function of the difference between estimated and true values for an instance of data. In the context of economics, for example, this is usually economic cost or regret.
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