In my research I have to deal with many Monte-Carlo simulations of normalized variables that fall in the interval $\left[ 0, 1 \right]$. By the Central Limit Theorem I can...
Last summer I worked on a project that used Daniel McCarthy, Peter Fader and Bruce Hardie’s valuation model, described in their paper “Valuing Subscription-Based Businesses Using Publicly Disclosed Customer Data”...
I finished my thesis on Financial Economics at the beginning of this summer. I performed simulations for different investment strategies for Turkish households, to see which investment option is the...
In my last project I had to find theoretical limits for a psychometric index involving Likert scale data (aka categorical data). After successfully finding it, I decided to test the...
Intro I have been planning to build a superior GUI alternative to NetLogo for a long time. When I finally started working on a project, I decided to test the...
Almost every blogging tutorial suggests you to end your posts with the so-called CTAs (call-to-action). They say that encouraging your readers to comment will help to promote your blog. Most...
Undergraduate business education faces a lot of criticism spanning from lack of practical training to philosophical arguments that management shouldn’t be taught at undergraduate level at all. I cannot change...
Last week I was hired to perform a thorough analysis of a panel dataset for export dynamics of different sectors in a country. I had never done panel econometrics before...
Econometrics is a separate discipline from statistics/probability/machine learning for a reason. The primary aim of econometrics and economics in general is interpretability. Economists could easily build very realistic models with...
This week I’ve been working on a research paper based on a very simple idea which, hopefully, can solve an important problem in applying machine learning techniques in economics — the interpretability....
I believe that undergraduate business education is the most useless degree. Having received one myself, I can tell you that every single topic they teach can easily be learned by...
A brief preface This summer I did an internship at BSH Hausgeräte (aka Bosch and Siemens Home Appliances), where I built a lot of amazing tools on Excel using VBA...
Multi-unit organizations are a form of organizations where the geographically dispersed units provide similar products or services in different markets. Deciding on an appropriate level of centralization in such organizations...
The paper explores the intersection between modularity and conformity in organizational contexts using agent-based model of organizations as complex systems. The results demonstrate that a concentration of interdependent tasks within...
Multi-unit organizations such as retail chains are interested in the diffusion of best practices throughout all divisions. However, the strict guidelines or incentive schemes may not always be effective in...
We focus on how individual behavior that complies with social norms interferes with performance-based incentive mechanisms in organizations with multiple distributed decision-making agents. We model social norms to emerge from...
In this paper, we perform a welfare comparison of different life-cycle investment strategies for the pension funds using Monte Carlo simulations in an heterogeneous agent framework for Turkey. We calibrate...
Social norms are rules and standards of expected behavior that emerge in societies as a result of information exchange between agents. This paper studies the effects of emergent social norms...