Search results
Results from the WOW.Com Content Network
Under this condition, even heterogeneous preferences can be represented by a single aggregate agent simply by summing over individual demand to market demand. However, some questions in economic theory cannot be accurately addressed without considering differences across agents, requiring a heterogeneous agent model.
Homogeneity and heterogeneity; only ' b ' is homogeneous Homogeneity and heterogeneity are concepts relating to the uniformity of a substance, process or image.A homogeneous feature is uniform in composition or character (i.e., color, shape, size, weight, height, distribution, texture, language, income, disease, temperature, radioactivity, architectural design, etc.); one that is heterogeneous ...
Homogeneity can be studied to several degrees of complexity. For example, considerations of homoscedasticity examine how much the variability of data-values changes throughout a dataset. However, questions of homogeneity apply to all aspects of the statistical distributions, including the location parameter
Genetic heterogeneity occurs through the production of single or similar phenotypes through different genetic mechanisms. There are two types of genetic heterogeneity: allelic heterogeneity, which occurs when a similar phenotype is produced by different alleles within the same gene; and locus heterogeneity, which occurs when a similar phenotype is produced by mutations at different loci.
In an economic model, an exogenous variable is one whose measure is determined outside the model and is imposed on the model, and an exogenous change is a change in an exogenous variable. [ 1 ] : p. 8 [ 2 ] : p. 202 [ 3 ] : p. 8 In contrast, an endogenous variable is a variable whose measure is determined by the model.
A heterogeneous taxon, a taxon that contains a great variety of individuals or sub-taxa; usually this implies that the taxon is an artificial grouping; Genetic heterogeneity, multiple origins causing the same disorder in different individuals. Allelic heterogeneity, different mutations at the same locus causing the same disorder.
It appears in specific contexts as such as economics, statistics, and social sciences. Specific examples are as follows: In context of economics: Endogeneity (econometrics) Exogenous and endogenous variables in economic models; Endogenous growth theory in economics; Endogenous preferences in economics; Endogenous money; In context of biology ...
The heterogeneity variance is commonly denoted by τ², or the standard deviation (its square root) by τ. Heterogeneity is probably most readily interpretable in terms of τ, as this is the heterogeneity distribution's scale parameter, which is measured in the same units as the overall effect itself. [18]