Bees at Work

The First Conference on Zero/Minimal Intelligence Agents

October 22-24, 2020

Sponsored by
Yale School of Management,
Cowles Foundation and
the Max Planck Institute for Human Development
Delivered online via Zoom
 

The Conference

Three Days of Scintillating Talks
October 22-24
Online via Zoom
09:00 am Eastern Time, NY, USA

Zero-intelligence (ZI) and Minimal-intelligence (MI) agents have provided valuable insights into how rules of engagement and institutional structures affect outcomes. This virtual conference is for sharing insights, findings, theories, applications, and tools regarding ZI and MI agents in the following areas and beyond:

  • Economics, Finance, and Business

  • Psychology, Sociology, Politics and Humanities

  • Computer Science, AI, and Machine Learning

  • Engineering, Automation, Telecommunications, and Information Systems and Control

  • Energy, Fuel, and Ecological Sciences

  • Mathematics, Statistical Physics, and Complexity

  • ZI/MI Software

Wave

Program

  • Name of presenting coauthors are shown in bold below

  • Click on paper title to see abstract

THURSDAY OCTOBER 22, 2020 (DAY 1)

8:30am-3:00pm (EDT New York, USA) Conference Lobby open at this link: Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/95656249682
      Meeting ID: 956 5624 9682
      International numbers available: https://yale.zoom.us/u/adCEMDTTJ0

Introductory Remarks

8:50am-9:00pm (EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/94961762292

       Meeting ID: 949 6176 2292
       International numbers available: https://yale.zoom.us/u/abNjLee8SC

 

Session 1: Zeroing in on Zero-Intelligence: Externalism, Automaticity and Opaqueness

(October 22, 2020, 9:00-10:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/94961762292

       Meeting ID: 949 6176 2292
       International numbers available: https://yale.zoom.us/u/abNjLee8SC

Moderator: Dave Cliff

a) Enrico Petracca: Zero-intelligence in ‘externalist’ new institutional economics

b) Shaun Gallagher: Zero-intelligence and human automaticity at two extremes

c) Antonio Mastrogiorgio: Opaqueness as a mark of minimal-intelligence 

Session 2:  Trading with Zero/Minimal Intelligence

(October 22, 2020, 11:00-12:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/94984433164
        Meeting ID: 949 8443 3164
        International numbers available: https://yale.zoom.us/u/asu8SfrXX

 

Moderator: Daniel Ladley

a)  Dave Cliff: Extending Zero and Minimal Intelligence Trader Agents to Exhibit Size-Impact Effects 

b)  Barbara Ikica, Simon Jantschgi, Heinrich H. Nax, Diego G. Nuñez Duran, Bary S. R. Pradelski: Trading in a Black Box: Zero Intelligence and Lack of Knowledge 

c)  Fan Gao and Daniel Ladley: Endogenous network in OTC markets

Session 3: Panel Discussion on Structural Rationality 

(October 22, 2020, 13:00-14:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/92222331049
       Meeting ID: 922 2233 1049
       International numbers available: https://yale.zoom.us/u/acWNDdZlQA

 

Moderator: Shyam Sunder

Panelists: J. Doyne Farmer, Gerd Gigerenzer, Charles R. Plott, Larry Samuelson

FRIDAY OCTOBER 23, 2020 (DAY 2)

8:30am-3:00pm (EDT New York, USA) Conference Lobby open at this link: Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/97757747835
       Meeting ID: 977 5774 7835
       International numbers available: https://yale.zoom.us/u/abgVX6sB0N

Session 4: Agent-based Computational Economics and ZI/MI Agents  

(October 23, 2020, 9:00-10:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/92273744524
        Meeting ID: 922 7374 4524
        International numbers available: https://yale.zoom.us/u/ar77qz89m

 

Moderator: Friederike Wall

a)  Shu-Heng Chen: Less is More: Minimal Intelligence in the History of Cognitive Science

b)  Stephan Leitner and Friederike Wall: Micro- and Macro-Dynamics in Hidden-Action Relationships with Limited Information 

c)  Friederike Wall: Hill-Climbers or Satisficers? On the Intelligence of Managerial Search in Agent-based Models 

Session 5: Uncertainty and Experiments 

(October 23, 2020, 11:00-12:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/94197655626
      Meeting ID: 941 9765 5626
      International numbers available: https://yale.zoom.us/u/adiVVEMBaQ

Moderator: Heinrich H. Nax

a)  Barbara Ikica, Peiran Jiao, Aidas Masiliūnas, and Heinrich Nax: From Skinner Box experiments to Black Box games: radical behaviorism for experimental game theory 

b)  Michael Maier, Karim Jamal, and Shyam Sunder: Aggregation of Diverse Information with Double Auction Trading among Minimally-Intelligent Algorithmic Agents

c) Yuri Biondi and Iryna Veryzhenko: Sources of Properties of Security Market Pricing: Institutional Design and Agent Rationality

Session 6: Algorithms and Markets 

(October 23, 2020, 13:00-14:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/93649773218
        Meeting ID: 936 4977 3218
        International numbers available: https://yale.zoom.us/u/acsft0JZ8u

Moderator: Edgardo Bucciarelli

a)  Edgardo Bucciarelli and Andrea Oliva: Notes on algorithmic research, aggregations in economic theory, and the unilateralism of the induction principle 

b)  Dave CliffMethodological Mess-ups in Modelling Markets with Minimal-Intelligence Agents

c)  Robin Nicole, Aleksandra Alorić , and Peter Sollich: Fragmentation in trader preferences among multiple markets: Market coexistence versus single market dominance 

SATURDAY OCTOBER 24, 2020 (DAY 3)

8:30am-5:00pm (EDT New York, USA) Conference Lobby open at this link: Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/94841374936
       Meeting ID: 948 4137 4936
       International numbers available: https://yale.zoom.us/u/acbaI6TxoB

Session 7: Aggregation Theory and Evidence 

(October 24, 2020, 9:00-10:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/91083850870
        Meeting ID: 910 8385 0870
        International numbers available: https://yale.zoom.us/u/acIWmRUHej

Moderator: Daniel Gode

a)  Florian Artinger, Gerd Gigerenzer and Perke Jacobs: How Taxi Drivers Terminate Their Shifts when Earnings are Hard To Predict  

b)  Yuji Aruka, Yoshihiro Nakajima, and Naoki Mori: The Minimum Heterogeneous Agent Configuration to Realize the Future Price Time Series Similar to Any Given Spot Price Time Series in the AI Market Experiment

c)  D. K. Gode: Does the Shape of Extramarginal Demand and Supply Matter?

Session 8: Dynamic Models and Beauty Contest 

(October 24, 2020, 11:00-12:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/97718035698
        Meeting ID: 977 1803 5698
        International numbers available: https://yale.zoom.us/u/abnAKG7x7o

Moderator: Rosemarie Nagel

a)  Kenneth Lomas and Dave Cliff: Exploring Narrative Economics: Integrating (Near-) Zero-Intelligence Trader-Agents with Opinion Dynamics Models 

b)  Jess Benhabib, John Duffy and Rosemarie Nagel: How to Harness Zero Intelligence in Experimental Beauty Contest Games

c)  Mauro Gallegati and Simone Landini: What about equilibrium and complexity when economic agents do not think? A finitistic-arithmetic description

Session 9:  Market Networks without Intention 

(October 24, 2020, 13:00-14:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/98210556227
        Meeting ID: 982 1055 6227
        International numbers available: https://yale.zoom.us/u/akyNYlz1n

 

Moderator: Shabnam Mousavi

a)  Shabnam Mousavi and Shyam Sunder: MarketNet: Exploring Rationality of Structures

b)  Paul Brewer: Introduction and Overview of the Econ1.Net Robot Trading Laboratory

c)  Sanjeev Kumar and Shyam Sunder: Self, Mind and Social Institutions as Complex Emergent Phenomena sans Intention

Session 10: Properties of Market Institutions

(October 24, 2020, 15:00-16:30 EDT New York, USA) Join from PC, Mac, Linux, iOS or Android: https://yale.zoom.us/j/93041607638
        Meeting ID: 930 4160 7638
        International numbers available: https://yale.zoom.us/u/aemjcbBLGn

Moderator: Elena Asparouhova

a)  Bulent Guler, Volodymyr Lugovskyy, Daniela Puzzello and Steven Tucker: Trading Institutions in Experimental Asset Markets: Theory and Evidence

b)  Abhijeet Anand, Peter Bossaerts, Shijei Huang, Max Hunt, Robert Woods, Nitin Yadav: How Trade Can Cause Heavy-Tailed Prices in an Economy With Gaussian Fundamentals

c)   Elena Asparouhova, Dylan Finlayson, Debrah Meloso, Jan Nielsen, Christine Parlour, Gus Stevens, Wenhao Yang:  Algorithms and the CAPM

Closing Remarks (same Zoom link as Session 10 above)

16:30-16:45 EDT New York, USA

 

 

200+

27

10

39

Participants
Papers
Sessions
Speaker/Moderators
 

Speakers

We are proud to have inspirational speakers from across the globe...

Sponsors

165 Whitney Avenue

New Haven CT 06511

Tel: +1(203)436-5798

Email: ziconference@yale.edu

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