Dr Andreas Krause

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My research interests are currently mainly focused on banking theory. In most cases my work is theoretical, either using rational representative agent models as used in conventional economic theory, or using agent-based models that are evaluated using computer experiments (simulations). In agent-based models I mainly use network models to assess to the emergence and spread of bank failures, or the spread of opinions amongst traders in financial markets and how this affects asset prices.

 

Previously I have published on a wide range of topics, including asset price dynamics, herding behaviour of traders, credit card markets, systemic risk, interbank markets, and strategic default. My methodology has also been diverse; in my work I have used evolutionary algorithms (PBIL), computer experiments to evaluate agent-based models, along-side traditional economic models of rational representative agents.

 

As appropriate to the research question, I seek to apply and combine methods that are originating in economic theory, computer science, and physics. My work is theoretical, seeking to obtain an understanding of the principles behind empirical observations and obtaining results that trigger further empirical investigations.