Complexity and Artificial Markets

Complexity and Artificial Markets
Author: Klaus Schredelseker
Publisher: Springer Science & Business Media
Total Pages: 235
Release: 2008-07-30
Genre: Business & Economics
ISBN: 3540705562

In recent years, agent-based simulation has become a widely accepted tool when dealing with complexity in economics and other social sciences. The contributions presented in this book apply agent-based methods to derive results from complex models related to market mechanisms, evolution, decision making, and information economics. In addition, the applicability of agent-based methods to complex problems in economics is discussed from a methodological perspective. The papers presented in this collection combine approaches from economics, finance, computer science, natural sciences, philosophy, and cognitive sciences.

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence
Author: Ajay Agrawal
Publisher: University of Chicago Press
Total Pages: 172
Release: 2024-03-05
Genre: Business & Economics
ISBN: 0226833127

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.

Complexity and the Economy

Complexity and the Economy
Author: W. Brian Arthur
Publisher: Oxford University Press, USA
Total Pages: 241
Release: 2015
Genre: Business & Economics
ISBN: 0199334293

A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.

Agent-based Approaches in Economic and Social Complex Systems

Agent-based Approaches in Economic and Social Complex Systems
Author: Akira Namatame
Publisher: IOS Press
Total Pages: 276
Release: 2002
Genre: Artificial intelligence
ISBN: 9781586032258

This volume explores the field of artificial intelligence and features in-depth coverage of important theoretical areas including computational organization, computational economics, computational approaches in social science, and game theory. The conception of the multi-agent system is particularly attractive, as it promises autonomy based on the conceptual speciality of a rational agent as well as collective behaviour through interactions.

Systems Thinking and Process Dynamics for Marketing Systems

Systems Thinking and Process Dynamics for Marketing Systems
Author: Rajagopal
Publisher:
Total Pages: 0
Release: 2012
Genre: Business & Economics
ISBN: 9781466609693

"This book describes a holistic approach to monitoring, evaluating, and applying appropriate marketing strategies, and understanding the competition and its future implication on the business of a company"--Provided by publisher.

Complexity

Complexity
Author: Chris Mowles
Publisher: Routledge
Total Pages: 201
Release: 2021-11-29
Genre: Business & Economics
ISBN: 1000505685

This book interprets insights from the complexity sciences to explore seven types of complexity better to understand the predictable unpredictability of social life. Drawing on the natural and social sciences, it describes how complexity models are helpful but insufficient for our understanding of complex reality. Taking an interdisciplinary approach, the book develops a complex theory of action more consistent with our experience that our plans inevitably lead to unexpected outcomes, explains why we are both individuals and thoroughly social, and gives an account of why, no matter how clear our message, we may still be misunderstood. The book investigates what forms of knowledge are most helpful for thinking about complex experience, reflects on the way we exercise authority (leadership) and thinks through the ethical implications of trying to co-operate in a complex world. Taking complexity seriously poses a radical challenge to more orthodox theories of managing and leading, based as they are on assumptions of predictability, control and universality. The author argues that management is an improvisational practice which takes place in groups in a particular context at a particular time. Managers can influence but never control an uncontrollable world. To become more skilful in complex group dynamics involves taking into account multiple points of view and acknowledging not knowing, ambivalence and doubt. This book will be of interest to researchers, professionals, academics and students in the fields of business and management, especially those interested in how taking complexity seriously can influence the functioning of businesses and organizations and how they manage and lead.

New Frontiers in Artificial Intelligence

New Frontiers in Artificial Intelligence
Author: Takao Terano
Publisher: Springer
Total Pages: 559
Release: 2003-06-30
Genre: Computers
ISBN: 3540455485

This book constitutes the thoroughly refereed joint post-proceedings of five international workshops organized by the Japanese Society of Artificial Intelligence, JSAI in 2001.The 75 revised papers presented were carefully reviewed and selected for inclusion in the volume. In accordance with the five workshops documented, the book offers topical sections on social intelligence design, agent-based approaches in economic and complex social systems, rough set theory and granular computing, chance discovery, and challenges in knowledge discovery and data mining.

The Economy As An Evolving Complex System II

The Economy As An Evolving Complex System II
Author: W. Brian Arthur
Publisher: CRC Press
Total Pages: 437
Release: 2018-05-04
Genre: Mathematics
ISBN: 0429976267

A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.

Introduction to the Law and Economics of Environmental Policy

Introduction to the Law and Economics of Environmental Policy
Author: T. Swanson
Publisher: Elsevier
Total Pages: 554
Release: 2002-08-15
Genre: Business & Economics
ISBN: 0762308885

"An Introduction to the Law and Economics of Environmental Policy" emphasises the importance of institutional design in addressing social problems. Three important issues concerning institutional design are: policies, instruments, and enforcement. This volume surveys each of the issues, and emphasises the common themes arising in optimal institutional design. These themes include the cost of complex institutional design, and the role of private institutions attaining social objects. This book will be particularly useful to law schools, departments of government, policy or economics, environmental managers and insurance companies.

AI Approaches to the Complexity of Legal Systems - Models and Ethical Challenges for Legal Systems, Legal Language and Legal Ontologies, Argumentation and Software Agents

AI Approaches to the Complexity of Legal Systems - Models and Ethical Challenges for Legal Systems, Legal Language and Legal Ontologies, Argumentation and Software Agents
Author: Monica Palmirani
Publisher: Springer
Total Pages: 322
Release: 2012-11-28
Genre: Computers
ISBN: 3642357318

The inspiring idea of this workshop series, Artificial Intelligence Approaches to the Complexity of Legal Systems (AICOL), is to develop models of legal knowledge concerning organization, structure, and content in order to promote mutual understanding and communication between different systems and cultures. Complexity and complex systems describe recent developments in AI and law, legal theory, argumentation, the Semantic Web, and multi-agent systems. Multisystem and multilingual ontologies provide an important opportunity to integrate different trends of research in AI and law, including comparative legal studies. Complexity theory, graph theory, game theory, and any other contributions from the mathematical disciplines can help both to formalize the dynamics of legal systems and to capture relations among norms. Cognitive science can help the modeling of legal ontology by taking into account not only the formal features of law but also social behaviour, psychology, and cultural factors. This book is thus meant to support scholars in different areas of science in sharing knowledge and methodological approaches. This volume collects the contributions to the workshop's third edition, which took place as part of the 25th IVR congress of Philosophy of Law and Social Philosophy, held in Frankfurt, Germany, in August 2011. This volume comprises six main parts devoted to the each of the six topics addressed in the workshop, namely: models for the legal system ethics and the regulation of ICT, legal knowledge management, legal information for open access, software agent systems in the legal domain, as well as legal language and legal ontology.