Conventional, neoclassical economics assumes perfectly rational agents (firms, consumers,
investors) who face well-defined problems and arrive at optimal behaviour consistent with …

This paper provides a state-of-the-art literature review on economic analysis and pricing
models for data collection and wireless communication in Internet of Things (IoT). Wireless …

Dubbed “the successor to the mobile Internet,” the concept of the Metaverse has recently
exploded in popularity. While there exists lite versions of the Metaverse today, we are still far …

We propose a localized peer-to-peer (P2P) electricity trading model for locally buying and
selling electricity among plug-in hybrid electric vehicles (PHEVs) in smart grids. Unlike …

Agent-based modeling (ABM) is a novel computational methodology for representing the
behavior of individuals in order to study social phenomena. Its use is rapidly growing in …

The Metaverse is regarded as the next-generation Internet paradigm that allows humans to
play, work, and socialize in an alternative virtual world with an immersive experience, for …

Do things such as performance indicators, valuation formulas, consumer tests, stock prices
or financial contracts represent an external reality? Or do they rather constitute, in a …

The future smart grid is envisioned as a large scale cyberphysical system encompassing
advanced power, communications, control, and computing technologies. To accommodate …

There is strong evidence that people exploit their bargaining power in competitive markets
but not in bilateral bargaining situations. There is also strong evidence that people exploit …

Center for the Study of Political Economy Washington University (St. Louis) The rational
choice framework assumes that individuals know what is in their self interest and make …