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The aim of the project is to develop an empirically more sound fraud dynamics model. To this end, we re-implement parts of the fraud dynamics and controls model by Davis and Pesch (2013) and replace the original model's simple contagion mechanism by a more complex contagion mechanism. The latter is inspired by the operational social norm definition proposed by Bicchieri (2006). It introduces a bias in individual agents' behavioral decision-making when chosing between honesty and fraud. Next, we calibrate the model with two empirically measured norm sensitivity distributions and run simulation experiments.
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LaTeX template of the Institute of Engineering Thermodynamics (M21) for theses. Based on the Cookbook by Alex Povel.
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A LaTeX template for typesetting Elsevier journals based on the elsarticle class released by Elsevier.
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Templates for various types of reports - bachelor, master, project work, seminar
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