Though a quarter of a century has elapsed since the first edition of
Business Cycles, the opportunities it opened up for further research
remain largely unexploited. The chief exception is Schumpeter's own
Capitalism, Socialism, and Democracy. Much has been published on
innovation and entrepreneurship, usually with a nod in Schumpeter's
direction but no more. Even a work like Yusif A.
This is a very important, very exciting time in your life as you go
through so many changes on your way to becoming an adult. Along with
the transformation your body is undergoing, many other things in your
life are changing, too. For example, your relationships with your parents
and your friends may be different now than when you were younger, and
people may treat you differently. Also, the way you look at things is
probably not the same as it used to be. Of course, you have lots of
Third, this paper contributes detailed speciﬁcations of
promising strategy designs, one of which vastly outperformed competitor strategies in
an open stock-trading competition and exhibited consistent proﬁtability under a variety
of market conditions.
The remainder of the paper is organized as follows. Section 2 provides the relevant
technical background on the PXS simulator, our substrate domain. Section 3 charac-
terizes prior research and points out the distinguishing features of this work.