93 citations · 718 across the 43 of their papers we have counts for
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nlin.AO2011★ 29 cited
Herding model and 1/f noise
J. Ruseckas, B. Kaulakys, V. Gontis
We provide evidence that for some values of the parameters a simple agent based model, describing herding behavior, yields signals with 1/f power spectral density. We derive a non-…
q-fin.ST2011★ 50 cited
Agent based reasoning for the non-linear stochastic models of long-range memory
Aleksejus Kononovicius, Vygintas Gontis
We extend Kirman's model by introducing variable event time scale. The proposed flexible time scale is equivalent to the variable trading activity observed in financial markets. St…
physics.soc-ph2011★ 2 cited
Agent-based Versus Macroscopic Modeling of Competition and Business Processes in Economics
V. Daniunas, V. Gontis, A. Kononovicius
Simulation serves as a third way of doing science, in contrast to both induction and deduction. The web based modeling may considerably facilitate the execution of simulations by o…