NEWSLETTER BFI 20060104
Bandung Fe Institute
January 4 2006
CONTENTS:
00. Happy New Year 2006!
01. Herding to a Side of Order Book Balance
02. Introducing theories in BE (Behavioral Economics)
03. PERCH: Towards Computational Psychology
04. Theorizing Corruption
05. About Buletin BFI
00. Happy New Year 2006!
Now we are entering the research year of 2006 in the institute, thus we
are now opening a new page for research reports. All of researchers and
staffs in Bandung Fe Institute, wish you a great holiday season's
greetings. Hopefully, in the new year, we can do better for the
sharpening of scientific endeavor for human and social understanding.
Here are latest research reports in 2005...
01. Herding to a Side of Order Book Balance
In the growing econophysics, it is quite rare that the presented
analyses approach the interesting properties of order book. However, a
lot of data are available in the order book, and analysis on this
object will bring us to further understanding of the market. We analyze
some order book of stocks traded in Jakarta Stock Exchange and see
interesting properties there by looking at the balance of the order
book. We also build a model based on the work of Chiarella and Iori
(2004) with some modifications to explain the herding pattern of
traders through the order book. The paper is a part of research
conducted by the cooperation between the institute with Surya Research
International and the Jakarta Stock Exchange. The paper is written by
Hokky Situngkir and Yohanes Surya and accepted as Working Paper Series
BFI WPO2005. It can be accessed in
http://bandungfe.net/wp2005/2005o.pdf
02. Introducing theories in BE (Behavioral Economics)
Behavioral Economics (BE) is eccletic, rather than a rigid discipline
with methods and interpretations that is easy to be synergized. By
visiting the general model of mental machine, some concepts in standard
economic discourses, and some experimental findings challenging
standard model in some cases, the paper is aimed to find (at least)
criterions, a boundary that respect on some cases can hold together
methods and the existing experimental results. The paper is made as an
introductory for them digging the behavioral economics respect to the
interest in cognitive science researches. The paper is written in
Indonesian by Rendra Suroso, and can be accessed in:
http://bandungfe.net/wp2005/2005m.pdf
03. PERCH: Towards Computational Psychology
This short paper introduces Perch, an experimental framework to mirror
a portion of what human believes and to detect how much persistent the
beliefs and the rules of inference which come along with it. Hence,
Perch is a tool for cognitive psychology which, if implemented, gives
an ease for experimenters in the field to structure various kinds of
experiments in a simple and flexible framework and the best part of it
is that it can easily presents computer-assisted experiments so we hope
it gives another enrichment to the meaning of the phrase
'computational psychology'. The paper is written by Rendra Suroso
(Dept. Cognitive Science BFI) and can be accessed in
http://bandungfe.net/wp2005/2005n.pdf
04. Theorizing Corruption
The aim of this paper is to gain the broad explanation of corruption
using simple computational model. We elaborated further the model of
corruption described previously in Situngkir (2003b), with some
additions in model's properties. We performed hundreds of experiments
computationally using Swarm and constructed the explanation of
corruption based upon these results. We show that corruption should be
understood as complex social-phenomena, which relates not only with
economical aspect, but also with many other social and anthropological
aspects. The paper is written by Deni Khanafiah and Hokky Situngkir and
you are welcome to read it in http://bandungfe.net/wp2005/2005p.pdf
Interested readers can also download the bunary of the simulation in:
http://bandungfe.net/wp2005/CGame.zip. The source code of the program
can be obtained by writing to authors.
05. BULETIN BFI is now reaching you!
Bandung Fe Institute is now printing the BuletinBFI, a Indonesian
periodic media to broaden the research issue in soft articles, means,
you won't be hit by mathematical equations here. The BuletinBFI is
published in Indonesian, and the current issue is a special edition
introducing the interesting Econophysics. In the bulletin, you will
find a lot of things from the short history of econophysics to the
current research on econophysics in finance, management, and
macroeconomics. The writers are BFI scholars and a guest author,
Dietrich Stauffer, a well known sociophysicists. There are also two
interviews with Steve Keen (author of "Debunking Economics") and a
pioneer of econophysics, Marcel Ausloos. As it has been told, the
BuletinBFI is going to be circulated in Indonesia only with broad
readers from various background. For readers in Jakarta, Bandung,
Yogyakarta, and Surabaya, you may get the bulletin in near bookstore or
simply ask your university librarian to get it. You may also e-mail us
in b...@bandungfe.net, call +62 22 2038628, or simply come to BFI office
in Jl. Cemara 63 Bandung 40161, Jawa Barat, Indonesia. for more
information. In Jakarta and Bandung, Indonesia readers, you can now buy
the Buletin BFI at local Gunung Agung and Gramedia Book Stores.
BFI Administration Office
Bandung Fe Institute
Jl. Cemara 63
Bandung 40161
JAWA BARAT
INDONESIA
ph./fax: +62 22 2038628
http://www.bandungfe.net
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