Modeling Firms Financial Behavior in an Evolving Economy by Using Artificial Intelligence

  • Gianfranco Giulioni
  • Edgardo Bucciarelli
  • Marcello Silvestri
Part of the Advances in Intelligent and Soft Computing book series (AINSC, volume 156)

Abstract

In this paper we investigate the dynamic behavior of firms capital structure. Differently from a number of existing studies, our aim is to tackle the issue by combining two approaches: experimental and computational economics. The main goal of this paper is in fact to build an artificial agent whose behavior mimics that of experimental agents. The paper shows how the heuristic approach could provide for a valid alternative micro-foundation for the financial decisions of entrepreneurs.

Keywords

Focal Point Differential Evolution Capital Structure Differential Evolution Algorithm Equity Ratio 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Gianfranco Giulioni
    • 1
  • Edgardo Bucciarelli
    • 1
  • Marcello Silvestri
    • 1
  1. 1.Department of Quantitative Methods and Economic TheoryUNICHPescaraItaly

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