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Author |
|
| Name | Valente, Marco |
| Research field | Economics and Business |
| Career stage | professor |
| Home university/institution | University of L'Aquila |
| Department/Research unit at home university/institution | - |
| Chair/Working group at home institution | - |
International activity |
|
| Country | Germany |
| Location | Bochum |
| University | Ruhr-Universität Bochum (RUB) |
| Fund Research School | VIP |
| Type of activity | research stay |
| Period |
starts 01-01-2017 ends 31-12-2019 |
| Keywords | - |
| Report |
7 May - 11 May 2018 In this week, Dr. Marco Valente met with the chair's doctoral students in individual meetings. After giving important feedback to Florian Lewalder's current working paper (submitted to a journal two weeks before the visit) already in March and April , he reviewed the final version and discusses potential for future analysis. He further provided suggestions on the presentation of Benjamin Bonakdar's work at a conference in July. 10 - 14 October 2017 In his third visit, Dr. Marco Valente had meetings, together with Prof. Roos, where Benjamin Bonakdar and Florian Lewalder presented the current state of their work. He provided important suggestions in order to improve their models and the quality of the draft documents that were presented. June 5 - June 10 2017 During this visit Dr. Marco Valente continued the discussions with the research staff of the chair and started to carry on some of the planned actions. Over five days more than 20 international young researchers, typically graduate students selected from a pool of applicants, joined local colleagues attending an intensive program concerning the use of agent-based simulation models for economists. The course taught attendants the technique for building models, besides the methodology required to derive reliable results. Besides Dr. Marco Valente the course was jointly taught by Dr. T.Ciarli, Research Fellow from Sussex University. The course was highly rated by foreign students, according to the anonymous questionnaire collected at the end of the course, who could successfully interact with colleagues and staff from RUB, thus encouraging its replication in future. Besides the intensive teaching activity, Dr. Valente defined the details of a joint project with Dr. D’Orazio resulting in a first paper already submitted to a prestigious journal, and planned further activities for the future, starting from a visit expected in October. May 15 - May 19 2017 In this first visit as VIP in Bochum Dr. Marco Valente had several meetings with the members of the chair discussing the respective ongoing projects. The topics share a common perspective, that the currently dominating economic thinking fails to explain the most relevant problems, such as the chronic instability of financial markets and the growing inequality among citizens. As a consequence is the necessity to rebuild the economic theory adopting new analytical tools, spanning new tools, such as experimental economics and agent-based simulation models. In general, it is agreed that a new methodology for economics is required to replace the mathematical formal models that proved practically ineffective despite their formal logical consistency. Within this framework Dr. Marco Valente attended extensive seminars from doctoral students providing feedbacks to their current activities, besides discussing with the Prof. Roos and Dr. D’Orazio and planning future activities. |