Applied Mathematics Seminar: A Gentle Introduction to Computational Statistical Catallactics

Speaker: Tyler J. Brough, Jon M. Huntsman School of Business

ZOOM ID: 945 1753 3441 PWD: USUAMS

Abstract: In this talk, I will introduce you to the catallactic point of view of the Nobel Prize winners F.A. Hayek and James Buchanan. I will further discuss directions that I am now taking in my research agenda to deliver on Buchanan’s challenge to create a sophisticated catallactics within economics. I will discuss how we can develop tools from the Agent-Based Computational Economics (ACE) tradition that are appropriate for this purpose. We will confront the critique of ACE models put forth by Steven Durlauf and offer ways to address this critique. I will discuss my current research into the options market-making function of derivatives markets as an application of these methods.