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Discovering Artificial Economics
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Book Synopsis Discovering Artificial Economics by : David F. Batten
Download or read book Discovering Artificial Economics written by David F. Batten and published by Routledge. This book was released on 2019-03-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: I’Ve live in an astornshingly complex world, Yet what we do in our everyday lives seems simple enough. Most of us conform to society’s rules, pursue familiar strategies, and achieve reasonably predictable outcomes. In our role as economic agents, we simply peddle our wares and earn our daily bread as best we can.So where on earth does this astonishing complexity come from? Much of it is ubiquitous in nature, to be sure, but part of it lies within and between us. Part of it comes from those games of interaction that humans play—games against nature, games against each other, games of competition, games of cooperation. In bygone eras, people simply hunted and gathered to come up with dinner. Today you can find theoretical economists scratching mysterious equations on whiteboards (not even blackboards) and getting paid to do this. In the modern economy, most of us make our living in a niche created for us by what others do. Because we’ve become more dependent on each other, our economy as a whole has become more strongly interactive.
Book Synopsis Discovering Artificial Economics by : David F. Batten
Download or read book Discovering Artificial Economics written by David F. Batten and published by . This book was released on 2019-09-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: I'Ve live in an astornshingly complex world, Yet what we do in our everyday lives seems simple enough. Most of us conform to society's rules, pursue familiar strategies, and achieve reasonably predictable outcomes. In our role as economic agents, we simply peddle our wares and earn our daily bread as best we can.So where on earth does this astonishing complexity come from? Much of it is ubiquitous in nature, to be sure, but part of it lies within and between us. Part of it comes from those games of interaction that humans play--games against nature, games against each other, games of competition, games of cooperation. In bygone eras, people simply hunted and gathered to come up with dinner. Today you can find theoretical economists scratching mysterious equations on whiteboards (not even blackboards) and getting paid to do this. In the modern economy, most of us make our living in a niche created for us by what others do. Because we've become more dependent on each other, our economy as a whole has become more strongly interactive.
Book Synopsis Knowledge and the Wealth of Nations: A Story of Economic Discovery by : David Warsh
Download or read book Knowledge and the Wealth of Nations: A Story of Economic Discovery written by David Warsh and published by W. W. Norton & Company. This book was released on 2007-05-17 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chronicling the story of what has come to be called the new growth theory, this text helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy.
Book Synopsis The Discovery of the Artificial by : R. Cordeschi
Download or read book The Discovery of the Artificial written by R. Cordeschi and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series will include monographs and collections of studies devoted to the investigation and exploration of knowledge, information, and data processing systems of all kinds, no matter whether human, (other) animal, or machine. Its scope is intended to span the full range of interests from classical problems in the philosophy of mind and philosophical psychology through issues in cognitive psychology and sociobiology (concerning the mental capabilities of other species) to ideas related to artificial intelligence and to computer science. While primary emphasis will be placed upon theoretical, conceptual, and epistemological aspects of these problems and domains, empirical, experimental, and methodological studies will also appear from time to time. The present volume offers a broad and imaginative approach to the study of the mind, which emphasizes several themes, namely: the importance of functional organization apart from the specific material by means of which it may be implemented; the use of modeling to simulate these functional processes and subject them to certain kinds of tests; the use of mentalistic language to describe and predict the behavior of artifacts; and the subsumption of processes of adaptation, learning, and intelligence by means of explanatory principles. The author has produced a rich and complex, lucid and readable discussion that clarifies and illuminates many of the most difficult problems arising within this difficult domain.
Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal
Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.
Book Synopsis Artificial Economics by : Ruben Mercado
Download or read book Artificial Economics written by Ruben Mercado and published by Cambridge University Press. This book was released on 2021-11-04 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introductory overview of the methods, models and interdisciplinary links of artificial economics. Addresses the differences between the assumptions and methods of artificial economics and those of mainstream economics. This is one of the first books to fully address, in an intuitive and conceptual form, this new way of doing economics.
Book Synopsis Advances in Artificial Economics by : Frédéric Amblard
Download or read book Advances in Artificial Economics written by Frédéric Amblard and published by Springer. This book was released on 2014-11-08 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book presents a peer-reviewed collection of papers presented during the 10th issue of the Artificial Economics conference, addressing a variety of issues related to macroeconomics, industrial organization, networks, management and finance, as well as purely methodological issues. The field of artificial economics covers a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The grounding principle of artificial economics is the analysis of aggregate properties of simulated systems populated by interacting adaptive agents that are equipped with heterogeneous individual behavioral rules. These macroscopic properties are neither foreseen nor intended by the artificial agents but generated collectively by them. They are emerging characteristics of such artificially simulated systems.
Book Synopsis Economics of the Fourth Industrial Revolution by : Nicholas Johnson
Download or read book Economics of the Fourth Industrial Revolution written by Nicholas Johnson and published by Routledge. This book was released on 2020-10-25 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies cutting-edge economic analysis and social science to unpack the rich complexities and paradoxes of the Fourth Industrial Revolution. The book takes the reader on a bold, refreshing, and informative tour through its technological drivers, its profound impact on human ecosystems, and its potential for sustainable human development. The overarching message to the reader is that the Fourth Industrial Revolution is not merely something to be feared or survived; rather, this dramatic collision of technologies, disciplines, and ideas presents a magnificent opportunity for a generation of new pioneers to rewrite "accepted rules" and find new avenues to empower billions of people to thrive. This book will help readers to discern the difference between disruption and transformation. The reader will come away from this book with a deeply intuitive and highly contextual understanding of the core technological advances transforming the world as we know it. Beyond this, the reader will clearly appreciate the future impacts on our economies and social structures. Most importantly, the reader will receive an insightful and actionable set of guidelines to assist them in harnessing the Fourth Industrial Revolution so that both they and their communities may flourish. The authors do not primarily seek to make prescriptions for government policy, but rather to speak directly to people about what they can do for themselves, their families, and their communities to be future-proofed and ready to adapt to life in a rapidly evolving world ecosystem.
Book Synopsis The Economic Singularity by : Calum Chace
Download or read book The Economic Singularity written by Calum Chace and published by Three CS. This book was released on 2016-07-18 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Read The Economic Singularity if you want to think intelligently about the future." Aubrey de Grey Artificial intelligence (AI) is overtaking our human ability to absorb and process information. Robots are becoming increasingly dextrous, flexible, and safe to be around (except the military ones). It is our most powerful technology, and you need to understand it. This new book from best-selling AI writer Calum Chace argues that within a few decades, most humans will not be able to work for money. Self-driving cars will probably be the canary in the coal mine, providing a wake-up call for everyone who isn't yet paying attention. All jobs will be affected, from fast food McJobs to lawyers and journalists. This is the single most important development facing humanity in the first half of the 21st century. The fashionable belief that Universal Basic Income is the solution is only partly correct. We are probably going to need an entirely new economic system, and we better start planning soon - for the Economic Singularity! The outcome can be very good - a world in which machines do all the boring jobs and humans do pretty much what they please. But there are major risks, which we can only avoid by being alert to the possible futures and planning how to avoid the negative ones."
Book Synopsis Managing Market Complexity by : Andrea Teglio
Download or read book Managing Market Complexity written by Andrea Teglio and published by Springer Science & Business Media. This book was released on 2012-07-16 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of artificial economics (AE) embraces a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The overarching principle of AE is the analysis of aggregate properties of artificial economies populated by adaptive agents that are equipped with behavioural rules and specific individual targets. These aggregate properties are neither foreseen nor intended by the artificial agents; conversely they are emerging characteristics of such artificially simulated systems. The book presents a peer-reviewed collection of papers addressing a variety of issues related to macroeconomics, industrial organization, networks, management and finance, as well as purely methodological issues.
Book Synopsis The Sciences of the Artificial, reissue of the third edition with a new introduction by John Laird by : Herbert A. Simon
Download or read book The Sciences of the Artificial, reissue of the third edition with a new introduction by John Laird written by Herbert A. Simon and published by MIT Press. This book was released on 2019-08-13 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Herbert Simon's classic work on artificial intelligence in the expanded and updated third edition from 1996, with a new introduction by John E. Laird. Herbert Simon's classic and influential The Sciences of the Artificial declares definitively that there can be a science not only of natural phenomena but also of what is artificial. Exploring the commonalities of artificial systems, including economic systems, the business firm, artificial intelligence, complex engineering projects, and social plans, Simon argues that designed systems are a valid field of study, and he proposes a science of design. For this third edition, originally published in 1996, Simon added new material that takes into account advances in cognitive psychology and the science of design while confirming and extending the book's basic thesis: that a physical symbol system has the necessary and sufficient means for intelligent action. Simon won the Nobel Prize for Economics in 1978 for his research into the decision-making process within economic organizations and the Turing Award (considered by some the computer science equivalent to the Nobel) with Allen Newell in 1975 for contributions to artificial intelligence, the psychology of human cognition, and list processing. The Sciences of the Artificial distills the essence of Simon's thought accessibly and coherently. This reissue of the third edition makes a pioneering work available to a new audience.
Book Synopsis Advances in Artificial Economics by : Charlotte Bruun
Download or read book Advances in Artificial Economics written by Charlotte Bruun and published by Springer Science & Business Media. This book was released on 2007-05-19 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is based on presentations at AE’2006 (Aalborg, Denmark) – the second symposium on Artificial Economics. As a new constructive simulation method, Agent-Based Computational Economics (ACE) has in recent years proven its strength and applicability. Coverage in this volume extends to well known questions of economics, like the existence of market efficiency, and to questions raised by new analytical tools, for example networks of social interaction.
Book Synopsis Emergent Results of Artificial Economics by : Sjoukje Osinga
Download or read book Emergent Results of Artificial Economics written by Sjoukje Osinga and published by . This book was released on 2011-06-25 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Decision Economics: In the Tradition of Herbert A. Simon's Heritage by : Edgardo Bucciarelli
Download or read book Decision Economics: In the Tradition of Herbert A. Simon's Heritage written by Edgardo Bucciarelli and published by Springer. This book was released on 2017-06-13 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: The special session on Decision Economics (DECON) is a scientific forum held annually and intended to share ideas, projects, research results, models and experiences associated with the complexity of behavioural decision processes and socio‐economic phenomena. DECON 2017 was held at the Polytechnic of Porto, ISEP, Portugal, as part of the 14th International Conference on Distributed Computing and Artificial Intelligence. For the second consecutive year, the Editors of this book have drawn inspiration from Herbert A. Simon’s immense body of work and argue that Simon precipitated something akin to a revolution in microeconomics focused on the concept of decision‐making. Further, it is worth noting that the recognition of relevant decision‐making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, small and international business management, operations, and production. Therefore, decision‐making issues are of fundamental importance in all branches of economics addressed both deductively and inductively. Not surprisingly, the study of decision‐making has seen growing empirical research efforts in the economic literature over the last sixty years and, more recently, a variety of insightful cutting‐edge experimental, behavioural and computational approaches. Additionally, the awareness regarding generalizations and reductions to express economic concepts has led, on the one hand, to an increasing risk of spreading the language of mathematics as a rhetorical tool and, on the other hand, to an oversimplification and overlooking of some crucial details, especially when it comes to human decisions and, hence, economic behaviour. That awareness, however, has helped to produce an extraordinary volume of empirical research aimed at discovering how economic agents cope with complex decisions. In this sense, the international scientific community acknowledges Herbert A. Simon’s research endeavours to understand the processes involved in economic decision‐making and their implications for the advancement of economic professions. Within the field of decision‐making, indeed, Simon’s rejection of the standard decision‐making models used in neoclassical economics inspired social scientists worldwide to develop research programmes in order to study decision‐making empirically. The main achievements concern decision‐making for individuals, firms, markets, governments, institutions, and, last but not least, science and research.
Book Synopsis Decision Economics, In Commemoration of the Birth Centennial of Herbert A. Simon 1916-2016 (Nobel Prize in Economics 1978) by : Edgardo Bucciarelli
Download or read book Decision Economics, In Commemoration of the Birth Centennial of Herbert A. Simon 1916-2016 (Nobel Prize in Economics 1978) written by Edgardo Bucciarelli and published by Springer. This book was released on 2016-05-26 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: The special session Decision Economics (DECON) 2016 is a scientific forum by which to share ideas, projects, researches results, models and experiences associated with the complexity of behavioral decision processes aiming at explaining socio-economic phenomena. DECON 2016 held in the University of Seville, Spain, as part of the 13th International Conference on Distributed Computing and Artificial Intelligence (DCAI) 2016. In the tradition of Herbert A. Simon’s interdisciplinary legacy, this book dedicates itself to the interdisciplinary study of decision-making in the recognition that relevant decision-making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, small and international business, management, operations, and production. Decision-making issues are of crucial importance in economics. Not surprisingly, the study of decision-making has received a growing empirical research efforts in the applied economic literature over the last sixty years. The recognition of the oversimplification and limitations of subjective expected utility theory has produced an extraordinary volume of empirical research aimed at discovering how economic agents cope with complexity. In the centenary of his birth, the international scientific community acknowledges Herbert A. Simon’s research endeavors aimed to understand the processes involved in economic decision-making and their implications for the advancement of economic studies. Within the field of decision-making, Simon’s rejection of standard decision-making models of neoclassical economics inspired social scientists worldwide to develop research programs in order to study decision-making empirically. The main achievements regarded decision-making for individual, firms, markets, governments and institution. There are many scholars in the world that claim that Herbert A. Simon has precipitated something like a revolution in microeconomics focused on the concept of decision-making. Among these scholars are the Editors of this book who believe that very few scientists produce seminal work in more than one field: Herbert A. Simon was one of them, that caliber of genius.
Book Synopsis Informational Society by : Alfred L. Norman
Download or read book Informational Society written by Alfred L. Norman and published by Springer Science & Business Media. This book was released on 2007-08-28 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Society continually promotes and adjusts to technological change. While mainstream economic thought assumes tastes and technology as given, it has had little to say about how society has promoted and adjusted to technological change. The book presents a utopian design for society in the 21st century whose purpose is to promote discovery, invention and innovation, which have become the principal aspects of national state competition.
Book Synopsis Artificial Life and Evolutionary Computation by : Stefano Cagnoni
Download or read book Artificial Life and Evolutionary Computation written by Stefano Cagnoni and published by Springer. This book was released on 2019-05-29 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the revised selected papers of the 13th Italian Workshop on Artificial Life and Evolutionary Computation, WIVACE 2018, held in Parma, Italy, in September 2018. The 12 full papers presented were thoroughly reviewed and selected from 30 submissions. They cover the following topics: Boolean networks and complex systems; economic, societal and technological applications; chemical, biological and medical applications. The chapter “Unveiling Latent Relations in the Photonics Techno-Economic Complex System” is open access under a CC BY 4.0 license at link.springer.com.
