Computable Foundations for Economics is a unified collection of essays, some of which are published here for the first time and all of which have been updated for this book, on an approach to economic theory from the point of view of algorithmic mathematics. By algorithmic mathematics the author means computability theory and constructive mathematics. This is in contrast to orthodox mathematical economics and game theory, which are formalised with the mathematics of real analysis, underpinned by what is called the ZFC formalism, i.e., set theory with the axiom of choice. This...
Computable Foundations for Economics is a unified collection of essays, some of which are published here for the first time and all of whi...
Any experimental field consists of preparing special conditions for examining interesting objects for research. So naturally, the particular ways in which scientists prepare their objects determine the kind and the content of knowledge produced. This book provides a framework for the analysis of experimental practices - the Social Epistemology of Experiment - that incorporates both the 'material' and the 'social' dimensions of knowledge production. The Social Epistemology of Experiment is applied to experimental economics and in so doing, it introduces the epistemic role of the...
Any experimental field consists of preparing special conditions for examining interesting objects for research. So naturally, the particular ways i...
This book aims to answer two questions that are fundamental to the study of agent-based economic models: what is agent-based computational economics and why do we need agent-based economic modelling of economy? This book provides a review of the development of agent-based computational economics (ACE) from a perspective on how artificial economic agents are designed under the influences of complex sciences, experimental economics, artificial intelligence, evolutionary biology, psychology, anthropology and neuroscience.
This book begins with a historical review of ACE by...
This book aims to answer two questions that are fundamental to the study of agent-based economic models: what is agent-based computational economic...
In the last two decades there has been a flourishing research carried out jointly by economists, psychologists and neuroscientists. This meltdown of competences has lead towards original approaches to investigate the mental and cognitive mechanisms involved in the way the economic agent collects, processes and uses information to make choices. This research field involves a new kind of scientist, trained in different disciplines, familiar in managing experimental data, and with the mathematical foundations of decision making. The ultimate goal of this research is to open the black-box to...
In the last two decades there has been a flourishing research carried out jointly by economists, psychologists and neuroscientists. This meltdown of c...
Computational intelligence, a sub-branch of artificial intelligence, is a field which draws on the natural world and adaptive mechanisms in order to study behaviour in changing complex environments. This book provides an interdisciplinary view of current technological advances and challenges concerning the application of computational intelligence techniques to financial time-series forecasting, trading and investment.
The book is divided into five parts. The first part introduces the most important computational intelligence and financial trading concepts, while also presenting the...
Computational intelligence, a sub-branch of artificial intelligence, is a field which draws on the natural world and adaptive mechanisms in order t...
The economics literature on industry dynamics contains a wide array of empirical works identifying a set of stylized facts. There have been several attempts at constructing analytical models to explain some of these regularities. These attempts are highly stylized and limited in scope to keep the analyses tractable. A general model of industry evolution capable of generating firm and industry behaviour that can match the data is needed.
This book endeavours to explain many well-documented aspects of the evolution of industries over time. It uses an agent-based computational...
The economics literature on industry dynamics contains a wide array of empirical works identifying a set of stylized facts. There have been several...
In the last few years, there has been a growing tendency among central banks and other institutions to promote economic education by running a variety of educational programs. Significant resources are devoted by Federal Reserve Banks in the United States and other central banks across the rest of the world to promote economic and financial education. It is clear that central banks believe that greater economic education is one factor that may enhance the effectiveness of monetary policy. However, the effect of economic education on behavior might not be as straightforward as that. This...
In the last few years, there has been a growing tendency among central banks and other institutions to promote economic education by running a vari...