Browsing SINTEF Industri by Author "Wallace, Stein W."
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Stochastic energy market equilibrium modeling with multiple agents
Brekke, Kjell Arne; Golombek, Rolf; Kaut, Michal; Kittelsen, Sverre A.C.; Wallace, Stein W. (Journal article; Peer reviewed, 2017)The energy markets are characterized by many agents simultaneously solving decision problems under uncertainty. It is argued that Monte Carlo simulations are not an adequate way to assess behavioral uncertainty; one should ...