Computational Intelligence for Missing Data Imputation, Estimation, and Management: Knowledge Optimization Techniques

Download Computational Intelligence for Missing Data Imputation, Estimation, and Management: Knowledge Optimization Techniques PDF Online Free

Author :
Publisher : IGI Global
ISBN 13 : 1605663379
Total Pages : 326 pages
Book Rating : 4.6/5 (56 download)

DOWNLOAD NOW!


Book Synopsis Computational Intelligence for Missing Data Imputation, Estimation, and Management: Knowledge Optimization Techniques by : Marwala, Tshilidzi

Download or read book Computational Intelligence for Missing Data Imputation, Estimation, and Management: Knowledge Optimization Techniques written by Marwala, Tshilidzi and published by IGI Global. This book was released on 2009-04-30 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book is for those who use data analysis to build decision support systems, particularly engineers, scientists and statisticians"--Provided by publisher.

Condition Monitoring Using Computational Intelligence Methods

Download Condition Monitoring Using Computational Intelligence Methods PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1447123794
Total Pages : 247 pages
Book Rating : 4.4/5 (471 download)

DOWNLOAD NOW!


Book Synopsis Condition Monitoring Using Computational Intelligence Methods by : Tshilidzi Marwala

Download or read book Condition Monitoring Using Computational Intelligence Methods written by Tshilidzi Marwala and published by Springer Science & Business Media. This book was released on 2012-01-23 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Condition Monitoring Using Computational Intelligence Methods promotes the various approaches gathered under the umbrella of computational intelligence to show how condition monitoring can be used to avoid equipment failures and lengthen its useful life, minimize downtime and reduce maintenance costs. The text introduces various signal-processing and pre-processing techniques, wavelets and principal component analysis, for example, together with their uses in condition monitoring and details the development of effective feature extraction techniques classified into frequency-, time-frequency- and time-domain analysis. Data generated by these techniques can then be used for condition classification employing tools such as: • fuzzy systems; rough and neuro-rough sets; neural and Bayesian networks;hidden Markov and Gaussian mixture models; and support vector machines.

Artificial Intelligence Techniques for Rational Decision Making

Download Artificial Intelligence Techniques for Rational Decision Making PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 3319114247
Total Pages : 168 pages
Book Rating : 4.3/5 (191 download)

DOWNLOAD NOW!


Book Synopsis Artificial Intelligence Techniques for Rational Decision Making by : Tshilidzi Marwala

Download or read book Artificial Intelligence Techniques for Rational Decision Making written by Tshilidzi Marwala and published by Springer. This book was released on 2014-10-20 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Develops insights into solving complex problems in engineering, biomedical sciences, social science and economics based on artificial intelligence. Some of the problems studied are in interstate conflict, credit scoring, breast cancer diagnosis, condition monitoring, wine testing, image processing and optical character recognition. The author discusses and applies the concept of flexibly-bounded rationality which prescribes that the bounds in Nobel Laureate Herbert Simon’s bounded rationality theory are flexible due to advanced signal processing techniques, Moore’s Law and artificial intelligence. Artificial Intelligence Techniques for Rational Decision Making examines and defines the concepts of causal and correlation machines and applies the transmission theory of causality as a defining factor that distinguishes causality from correlation. It develops the theory of rational counterfactuals which are defined as counterfactuals that are intended to maximize the attainment of a particular goal within the context of a bounded rational decision making process. Furthermore, it studies four methods for dealing with irrelevant information in decision making: Theory of the marginalization of irrelevant information Principal component analysis Independent component analysis Automatic relevance determination method In addition it studies the concept of group decision making and various ways of effecting group decision making within the context of artificial intelligence. Rich in methods of artificial intelligence including rough sets, neural networks, support vector machines, genetic algorithms, particle swarm optimization, simulated annealing, incremental learning and fuzzy networks, this book will be welcomed by researchers and students working in these areas.

Deep Learning and Missing Data in Engineering Systems

Download Deep Learning and Missing Data in Engineering Systems PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 3030011801
Total Pages : 179 pages
Book Rating : 4.0/5 (3 download)

DOWNLOAD NOW!


Book Synopsis Deep Learning and Missing Data in Engineering Systems by : Collins Achepsah Leke

Download or read book Deep Learning and Missing Data in Engineering Systems written by Collins Achepsah Leke and published by Springer. This book was released on 2018-12-13 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deep Learning and Missing Data in Engineering Systems uses deep learning and swarm intelligence methods to cover missing data estimation in engineering systems. The missing data estimation processes proposed in the book can be applied in image recognition and reconstruction. To facilitate the imputation of missing data, several artificial intelligence approaches are presented, including: deep autoencoder neural networks; deep denoising autoencoder networks; the bat algorithm; the cuckoo search algorithm; and the firefly algorithm. The hybrid models proposed are used to estimate the missing data in high-dimensional data settings more accurately. Swarm intelligence algorithms are applied to address critical questions such as model selection and model parameter estimation. The authors address feature extraction for the purpose of reconstructing the input data from reduced dimensions by the use of deep autoencoder neural networks. They illustrate new models diagrammatically, report their findings in tables, so as to put their methods on a sound statistical basis. The methods proposed speed up the process of data estimation while preserving known features of the data matrix. This book is a valuable source of information for researchers and practitioners in data science. Advanced undergraduate and postgraduate students studying topics in computational intelligence and big data, can also use the book as a reference for identifying and introducing new research thrusts in missing data estimation.

Handbook Of Machine Learning - Volume 2: Optimization And Decision Making

Download Handbook Of Machine Learning - Volume 2: Optimization And Decision Making PDF Online Free

Author :
Publisher : World Scientific
ISBN 13 : 981120568X
Total Pages : 321 pages
Book Rating : 4.8/5 (112 download)

DOWNLOAD NOW!


Book Synopsis Handbook Of Machine Learning - Volume 2: Optimization And Decision Making by : Tshilidzi Marwala

Download or read book Handbook Of Machine Learning - Volume 2: Optimization And Decision Making written by Tshilidzi Marwala and published by World Scientific. This book was released on 2019-11-21 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on , this volume on Optimization and Decision Making covers a range of algorithms and their applications. Like the first volume, it provides a starting point for machine learning enthusiasts as a comprehensive guide on classical optimization methods. It also provides an in-depth overview on how artificial intelligence can be used to define, disprove or validate economic modeling and decision making concepts.

Innovative Computational Intelligence: A Rough Guide to 134 Clever Algorithms

Download Innovative Computational Intelligence: A Rough Guide to 134 Clever Algorithms PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3319034049
Total Pages : 451 pages
Book Rating : 4.3/5 (19 download)

DOWNLOAD NOW!


Book Synopsis Innovative Computational Intelligence: A Rough Guide to 134 Clever Algorithms by : Bo Xing

Download or read book Innovative Computational Intelligence: A Rough Guide to 134 Clever Algorithms written by Bo Xing and published by Springer Science & Business Media. This book was released on 2013-12-13 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first notable feature of this book is its innovation: Computational intelligence (CI), a fast evolving area, is currently attracting lots of researchers’ attention in dealing with many complex problems. At present, there are quite a lot competing books existing in the market. Nevertheless, the present book is markedly different from the existing books in that it presents new paradigms of CI that have rarely mentioned before, as opposed to the traditional CI techniques or methodologies employed in other books. During the past decade, a number of new CI algorithms are proposed. Unfortunately, they spread in a number of unrelated publishing directions which may hamper the use of such published resources. These provide us with motivation to analyze the existing research for categorizing and synthesizing it in a meaningful manner. The mission of this book is really important since those algorithms are going to be a new revolution in computer science. We hope it will stimulate the readers to make novel contributions or even start a new paradigm based on nature phenomena. Although structured as a textbook, the book's straightforward, self-contained style will also appeal to a wide audience of professionals, researchers and independent learners. We believe that the book will be instrumental in initiating an integrated approach to complex problems by allowing cross-fertilization of design principles from different design philosophies. The second feature of this book is its comprehensiveness: Through an extensive literature research, there are 134 innovative CI algorithms covered in this book.

Economic Modeling Using Artificial Intelligence Methods

Download Economic Modeling Using Artificial Intelligence Methods PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1447150104
Total Pages : 271 pages
Book Rating : 4.4/5 (471 download)

DOWNLOAD NOW!


Book Synopsis Economic Modeling Using Artificial Intelligence Methods by : Tshilidzi Marwala

Download or read book Economic Modeling Using Artificial Intelligence Methods written by Tshilidzi Marwala and published by Springer Science & Business Media. This book was released on 2013-04-02 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Modeling Using Artificial Intelligence Methods examines the application of artificial intelligence methods to model economic data. Traditionally, economic modeling has been modeled in the linear domain where the principles of superposition are valid. The application of artificial intelligence for economic modeling allows for a flexible multi-order non-linear modeling. In addition, game theory has largely been applied in economic modeling. However, the inherent limitation of game theory when dealing with many player games encourages the use of multi-agent systems for modeling economic phenomena. The artificial intelligence techniques used to model economic data include: multi-layer perceptron neural networks radial basis functions support vector machines rough sets genetic algorithm particle swarm optimization simulated annealing multi-agent system incremental learning fuzzy networks Signal processing techniques are explored to analyze economic data, and these techniques are the time domain methods, time-frequency domain methods and fractals dimension approaches. Interesting economic problems such as causality versus correlation, simulating the stock market, modeling and controling inflation, option pricing, modeling economic growth as well as portfolio optimization are examined. The relationship between economic dependency and interstate conflict is explored, and knowledge on how economics is useful to foster peace – and vice versa – is investigated. Economic Modeling Using Artificial Intelligence Methods deals with the issue of causality in the non-linear domain and applies the automatic relevance determination, the evidence framework, Bayesian approach and Granger causality to understand causality and correlation. Economic Modeling Using Artificial Intelligence Methods makes an important contribution to the area of econometrics, and is a valuable source of reference for graduate students, researchers and financial practitioners.

Computational Intelligence in Remanufacturing

Download Computational Intelligence in Remanufacturing PDF Online Free

Author :
Publisher : IGI Global
ISBN 13 : 1466649097
Total Pages : 348 pages
Book Rating : 4.4/5 (666 download)

DOWNLOAD NOW!


Book Synopsis Computational Intelligence in Remanufacturing by : Xing, Bo

Download or read book Computational Intelligence in Remanufacturing written by Xing, Bo and published by IGI Global. This book was released on 2013-12-31 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: In attempts to reduce greenhouse gas emissions, many alternatives to manufacturing have been recommended from a number of international organizations. Although challenges will arise, remanufacturing has the ability to transform ecological and business value. Computational Intelligence in Remanufacturing introduces various computational intelligence techniques that are applied to remanufacturing-related issues, results, and lessons from specific applications while highlighting future development and research. This book is an essential reference for students, researchers, and practitioners in mechanical, industrial, and electrical engineering.

Militarized Conflict Modeling Using Computational Intelligence

Download Militarized Conflict Modeling Using Computational Intelligence PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9780857297907
Total Pages : 254 pages
Book Rating : 4.2/5 (979 download)

DOWNLOAD NOW!


Book Synopsis Militarized Conflict Modeling Using Computational Intelligence by : Tshilidzi Marwala

Download or read book Militarized Conflict Modeling Using Computational Intelligence written by Tshilidzi Marwala and published by Springer Science & Business Media. This book was released on 2011-08-24 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Militarized Conflict Modeling Using Computational Intelligence examines the application of computational intelligence methods to model conflict. Traditionally, conflict has been modeled using game theory. The inherent limitation of game theory when dealing with more than three players in a game is the main motivation for the application of computational intelligence in modeling conflict. Militarized interstate disputes (MIDs) are defined as a set of interactions between, or among, states that can result in the display, threat or actual use of military force in an explicit way. These interactions can result in either peace or conflict. This book models the relationship between key variables and the risk of conflict between two countries. The variables include Allies which measures the presence or absence of military alliance, Contiguity which measures whether the countries share a common boundary or not and Major Power which measures whether either or both states are a major power. Militarized Conflict Modeling Using Computational Intelligence implements various multi-layer perception neural networks, Bayesian networks, support vector machines, neuro-fuzzy models, rough sets models, neuro-rough sets models and optimized rough sets models to create models that estimate the risk of conflict given the variables. Secondly, these models are used to study the sensitivity of each variable to conflict. Furthermore, a framework on how these models can be used to control the possibility of peace is proposed. Finally, new and emerging topics on modelling conflict are identified and further work is proposed.

Finite Element Model Updating Using Computational Intelligence Techniques

Download Finite Element Model Updating Using Computational Intelligence Techniques PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1849963231
Total Pages : 250 pages
Book Rating : 4.8/5 (499 download)

DOWNLOAD NOW!


Book Synopsis Finite Element Model Updating Using Computational Intelligence Techniques by : Tshilidzi Marwala

Download or read book Finite Element Model Updating Using Computational Intelligence Techniques written by Tshilidzi Marwala and published by Springer Science & Business Media. This book was released on 2010-06-04 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: FEM updating allows FEMs to be tuned better to reflect measured data. It can be conducted using two different statistical frameworks: the maximum likelihood approach and Bayesian approaches. This book applies both strategies to the field of structural mechanics, using vibration data. Computational intelligence techniques including: multi-layer perceptron neural networks; particle swarm and GA-based optimization methods; simulated annealing; response surface methods; and expectation maximization algorithms, are proposed to facilitate the updating process. Based on these methods, the most appropriate updated FEM is selected, a problem that traditional FEM updating has not addressed. This is found to incorporate engineering judgment into finite elements through the formulations of prior distributions. Case studies, demonstrating the principles test the viability of the approaches, and. by critically analysing the state of the art in FEM updating, this book identifies new research directions.

Causality, Correlation and Artificial Intelligence for Rational Decision Making

Download Causality, Correlation and Artificial Intelligence for Rational Decision Making PDF Online Free

Author :
Publisher : World Scientific
ISBN 13 : 9814630888
Total Pages : 208 pages
Book Rating : 4.8/5 (146 download)

DOWNLOAD NOW!


Book Synopsis Causality, Correlation and Artificial Intelligence for Rational Decision Making by : Tshilidzi Marwala

Download or read book Causality, Correlation and Artificial Intelligence for Rational Decision Making written by Tshilidzi Marwala and published by World Scientific. This book was released on 2015-01-02 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Causality has been a subject of study for a long time. Often causality is confused with correlation. Human intuition has evolved such that it has learned to identify causality through correlation. In this book, four main themes are considered and these are causality, correlation, artificial intelligence and decision making. A correlation machine is defined and built using multi-layer perceptron network, principal component analysis, Gaussian Mixture models, genetic algorithms, expectation maximization technique, simulated annealing and particle swarm optimization. Furthermore, a causal machine is defined and built using multi-layer perceptron, radial basis function, Bayesian statistics and Hybrid Monte Carlo methods. Both these machines are used to build a Granger non-linear causality model. In addition, the Neyman–Rubin, Pearl and Granger causal models are studied and are unified. The automatic relevance determination is also applied to extend Granger causality framework to the non-linear domain. The concept of rational decision making is studied, and the theory of flexibly-bounded rationality is used to extend the theory of bounded rationality within the principle of the indivisibility of rationality. The theory of the marginalization of irrationality for decision making is also introduced to deal with satisficing within irrational conditions. The methods proposed are applied in biomedical engineering, condition monitoring and for modelling interstate conflict. Contents:Introduction to Artificial Intelligence based Decision MakingWhat is a Correlation Machine?What is a Causal Machine?Correlation Machines Using Optimization MethodsNeural Networks for Modeling Granger CausalityRubin, Pearl and Granger Causality Models: A Unified ViewCausal, Correlation and Automatic Relevance Determination Machines for Granger CausalityFlexibly-bounded RationalityMarginalization of Irrationality in Decision MakingConclusions and Further Work Readership: Graduate students, researchers and professionals in the field of artificial intelligence. Key Features:It proposes fresh definition of causality and proposes two new theories i.e. flexibly bounded rationality and marginalization of irrationality theory for decision makingIt also applies these techniques to a diverse areas in engineering, political science and biomedical engineeringKeywords:Causality;Correlation;Artificial Intelligence;Rational Decision Making

Artificial Intelligence: Concepts, Methodologies, Tools, and Applications

Download Artificial Intelligence: Concepts, Methodologies, Tools, and Applications PDF Online Free

Author :
Publisher : IGI Global
ISBN 13 : 152251760X
Total Pages : 3048 pages
Book Rating : 4.5/5 (225 download)

DOWNLOAD NOW!


Book Synopsis Artificial Intelligence: Concepts, Methodologies, Tools, and Applications by : Management Association, Information Resources

Download or read book Artificial Intelligence: Concepts, Methodologies, Tools, and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2016-12-12 with total page 3048 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ongoing advancements in modern technology have led to significant developments in artificial intelligence. With the numerous applications available, it becomes imperative to conduct research and make further progress in this field. Artificial Intelligence: Concepts, Methodologies, Tools, and Applications provides a comprehensive overview of the latest breakthroughs and recent progress in artificial intelligence. Highlighting relevant technologies, uses, and techniques across various industries and settings, this publication is a pivotal reference source for researchers, professionals, academics, upper-level students, and practitioners interested in emerging perspectives in the field of artificial intelligence.

Rational Machines and Artificial Intelligence

Download Rational Machines and Artificial Intelligence PDF Online Free

Author :
Publisher : Academic Press
ISBN 13 : 0128209445
Total Pages : 272 pages
Book Rating : 4.1/5 (282 download)

DOWNLOAD NOW!


Book Synopsis Rational Machines and Artificial Intelligence by : Tshilidzi Marwala

Download or read book Rational Machines and Artificial Intelligence written by Tshilidzi Marwala and published by Academic Press. This book was released on 2021-03-31 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligent machines are populating our social, economic and political spaces. These intelligent machines are powered by Artificial Intelligence technologies such as deep learning. They are used in decision making. One element of decision making is the issue of rationality. Regulations such as the General Data Protection Regulation (GDPR) require that decisions that are made by these intelligent machines are explainable. Rational Machines and Artificial Intelligence proposes that explainable decisions are good but the explanation must be rational to prevent these decisions from being challenged. Noted author Tshilidzi Marwala studies the concept of machine rationality and compares this to the rationality bounds prescribed by Nobel Laureate Herbert Simon and rationality bounds derived from the work of Nobel Laureates Richard Thaler and Daniel Kahneman. Rational Machines and Artificial Intelligence describes why machine rationality is flexibly bounded due to advances in technology. This effectively means that optimally designed machines are more rational than human beings. Readers will also learn whether machine rationality can be quantified and identify how this can be achieved. Furthermore, the author discusses whether machine rationality is subjective. Finally, the author examines whether a population of intelligent machines collectively make more rational decisions than individual machines. Examples in biomedical engineering, social sciences and the financial sectors are used to illustrate these concepts. Provides an introduction to the key questions and challenges surrounding Rational Machines, including, When do we rely on decisions made by intelligent machines? What do decisions made by intelligent machines mean? Are these decisions rational or fair? Can we quantify these decisions? and Is rationality subjective? Introduces for the first time the concept of rational opportunity costs and the concept of flexibly bounded rationality as a rationality of intelligent machines and the implications of these issues on the reliability of machine decisions Includes coverage of Rational Counterfactuals, group versus individual rationality, and rational markets Discusses the application of Moore’s Law and advancements in Artificial Intelligence, as well as developments in the area of data acquisition and analysis technologies and how they affect the boundaries of intelligent machine rationality

Handbook Of Machine Learning - Volume 1: Foundation Of Artificial Intelligence

Download Handbook Of Machine Learning - Volume 1: Foundation Of Artificial Intelligence PDF Online Free

Author :
Publisher : World Scientific
ISBN 13 : 9813271248
Total Pages : 329 pages
Book Rating : 4.8/5 (132 download)

DOWNLOAD NOW!


Book Synopsis Handbook Of Machine Learning - Volume 1: Foundation Of Artificial Intelligence by : Tshilidzi Marwala

Download or read book Handbook Of Machine Learning - Volume 1: Foundation Of Artificial Intelligence written by Tshilidzi Marwala and published by World Scientific. This book was released on 2018-10-22 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive book on the theories of artificial intelligence with an emphasis on their applications. It combines fuzzy logic and neural networks, as well as hidden Markov models and genetic algorithm, describes advancements and applications of these machine learning techniques and describes the problem of causality. This book should serves as a useful reference for practitioners in artificial intelligence.

Smart Computing Applications in Crowdfunding

Download Smart Computing Applications in Crowdfunding PDF Online Free

Author :
Publisher : CRC Press
ISBN 13 : 1351265075
Total Pages : 512 pages
Book Rating : 4.3/5 (512 download)

DOWNLOAD NOW!


Book Synopsis Smart Computing Applications in Crowdfunding by : Bo Xing

Download or read book Smart Computing Applications in Crowdfunding written by Bo Xing and published by CRC Press. This book was released on 2018-12-07 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses on smart computing for crowdfunding usage, looking at the crowdfunding landscape, e.g., reward-, donation-, equity-, P2P-based and the crowdfunding ecosystem, e.g., regulator, asker, backer, investor, and operator. The increased complexity of fund raising scenario, driven by the broad economic environment as well as the need for using alternative funding sources, has sparked research in smart computing techniques. Covering a wide range of detailed topics, the authors of this book offer an outstanding overview of the current state of the art; providing deep insights into smart computing methods, tools, and their applications in crowdfunding; exploring the importance of smart analysis, prediction, and decision-making within the fintech industry. This book is intended to be an authoritative and valuable resource for professional practitioners and researchers alike, as well as finance engineering, and computer science students who are interested in crowdfunding and other emerging fintech topics.

Artificial Intelligence in Economics and Finance Theories

Download Artificial Intelligence in Economics and Finance Theories PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 3030429628
Total Pages : 131 pages
Book Rating : 4.0/5 (34 download)

DOWNLOAD NOW!


Book Synopsis Artificial Intelligence in Economics and Finance Theories by : Tankiso Moloi

Download or read book Artificial Intelligence in Economics and Finance Theories written by Tankiso Moloi and published by Springer Nature. This book was released on 2020-05-07 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Artificial Intelligence (AI) seizes all aspects of human life, there is a fundamental shift in the way in which humans are thinking of and doing things. Ordinarily, humans have relied on economics and finance theories to make sense of, and predict concepts such as comparative advantage, long run economic growth, lack or distortion of information and failures, role of labour as a factor of production and the decision making process for the purpose of allocating resources among other theories. Of interest though is that literature has not attempted to utilize these advances in technology in order to modernize economic and finance theories that are fundamental in the decision making process for the purpose of allocating scarce resources among other things. With the simulated intelligence in machines, which allows machines to act like humans and to some extent even anticipate events better than humans, thanks to their ability to handle massive data sets, this book will use artificial intelligence to explain what these economic and finance theories mean in the context of the agent wanting to make a decision. The main feature of finance and economic theories is that they try to eliminate the effects of uncertainties by attempting to bring the future to the present. The fundamentals of this statement is deeply rooted in risk and risk management. In behavioural sciences, economics as a discipline has always provided a well-established foundation for understanding uncertainties and what this means for decision making. Finance and economics have done this through different models which attempt to predict the future. On its part, risk management attempts to hedge or mitigate these uncertainties in order for “the planner” to reach the favourable outcome. This book focuses on how AI is to redefine certain important economic and financial theories that are specifically used for the purpose of eliminating uncertainties so as to allow agents to make informed decisions. In effect, certain aspects of finance and economic theories cannot be understood in their entirety without the incorporation of AI.

Artificial Intelligence and Economic Theory: Skynet in the Market

Download Artificial Intelligence and Economic Theory: Skynet in the Market PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 3319661043
Total Pages : 204 pages
Book Rating : 4.3/5 (196 download)

DOWNLOAD NOW!


Book Synopsis Artificial Intelligence and Economic Theory: Skynet in the Market by : Tshilidzi Marwala

Download or read book Artificial Intelligence and Economic Theory: Skynet in the Market written by Tshilidzi Marwala and published by Springer. This book was released on 2017-09-18 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book theoretically and practically updates major economic ideas such as demand and supply, rational choice and expectations, bounded rationality, behavioral economics, information asymmetry, pricing, efficient market hypothesis, game theory, mechanism design, portfolio theory, causality and financial engineering in the age of significant advances in man-machine systems. The advent of artificial intelligence has changed many disciplines such as engineering, social science and economics. Artificial intelligence is a computational technique which is inspired by natural intelligence concepts such as the swarming of birds, the working of the brain and the pathfinding of the ants. Artificial Intelligence and Economic Theory: Skynet in the Market analyses the impact of artificial intelligence on economic theories, a subject that has not been studied. It also introduces new economic theories and these are rational counterfactuals and rational opportunity costs. These ideas are applied to diverse areas such as modelling of the stock market, credit scoring, HIV and interstate conflict. Artificial intelligence ideas used in this book include neural networks, particle swarm optimization, simulated annealing, fuzzy logic and genetic algorithms. It, furthermore, explores ideas in causality including Granger as well as the Pearl causality models.