Artificial Intelligence, Learning and Computation in Economics and Finance
Artificial Intelligence, Learning and Computation in Economics and Finance

Author: Ragupathy Venkatachalam

Publisher: Springer Nature

Published: 2023-02-15

Total Pages: 331

ISBN-13: 3031152948

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This book presents frontier research on the use of computational methods to model complex interactions in economics and finance. Artificial Intelligence, Machine Learning and simulations offer effective means of analyzing and learning from large as well as new types of data. These computational tools have permeated various subfields of economics, finance, and also across different schools of economic thought. Through 16 chapters written by pioneers in economics, finance, computer science, psychology, complexity and statistics/econometrics, the book introduces their original research and presents the findings they have yielded. Theoretical and empirical studies featured in this book draw on a variety of approaches such as agent-based modeling, numerical simulations, computable economics, as well as employing tools from artificial intelligence and machine learning algorithms. The use of computational approaches to perform counterfactual thought experiments are also introduced, which help transcend the limits posed by traditional mathematical and statistical tools. The book also includes discussions on methodology, epistemology, history and issues concerning prediction, validation, and inference, all of which have become pertinent with the increasing use of computational approaches in economic analysis.

Engineering Interrelated Electricity Markets
Engineering Interrelated Electricity Markets

Author: Anke Weidlich

Publisher: Springer Science & Business Media

Published: 2008-10-08

Total Pages: 181

ISBN-13: 3790820687

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Due to the characteristics of electricity, power markets rank among the most complex markets operated at present. The requirements of an environmentally sustainable, economically efficient, and secure energy supply have resulted in the emergence of several interrelated markets that have to be carefully engineered in order to ensure efficient market outcomes. This book presents an agent-based simulation model that facilitates electricity market research. Simulation outcomes from this model are validated against price data from German power markets. The results significantly contribute to existing research in agent-based simulation and electricity market modeling, and provide insights into the impact of the market structure and market design on electricity prices. The book addresses researchers, lecturers and students who are interested in applying agent-based simulation to power markets. It provides a thorough discussion of the methodology and helpful details for model implementation.

Agent-Based Computational Economics
Agent-Based Computational Economics

Author: Shu-Heng Chen

Publisher: Routledge

Published: 2017-09-19

Total Pages: 543

ISBN-13: 1317560922

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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 tracing its origins. From a modelling viewpoint, ACE brings truly decentralized procedures into market analysis, from a single market to the whole economy. This book also reviews how experimental economics and artificial intelligence have shaped the development of ACE. For the former, the book discusses how ACE models can be used to analyse the economic consequences of cognitive capacity, personality and cultural inheritance. For the latter, the book covers the various tools used to construct artificial adaptive agents, including reinforcement learning, fuzzy decision rules, neural networks, and evolutionary computation. This book will be of interest to graduate students researching computational economics, experimental economics, behavioural economics, and research methodology.

Computational Logic: Logic Programming and Beyond
Computational Logic: Logic Programming and Beyond

Author: A.C. Kakas

Publisher: Springer

Published: 2003-08-02

Total Pages: 688

ISBN-13: 3540456287

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Alan Robinson This set of essays pays tribute to Bob Kowalski on his 60th birthday, an anniversary which gives his friends and colleagues an excuse to celebrate his career as an original thinker, a charismatic communicator, and a forceful intellectual leader. The logic programming community hereby and herein conveys its respect and thanks to him for his pivotal role in creating and fostering the conceptual paradigm which is its raison d’Œtre. The diversity of interests covered here reflects the variety of Bob’s concerns. Read on. It is an intellectual feast. Before you begin, permit me to send him a brief personal, but public, message: Bob, how right you were, and how wrong I was. I should explain. When Bob arrived in Edinburgh in 1967 resolution was as yet fairly new, having taken several years to become at all widely known. Research groups to investigate various aspects of resolution sprang up at several institutions, the one organized by Bernard Meltzer at Edinburgh University being among the first. For the half-dozen years that Bob was a leading member of Bernard’s group, I was a frequent visitor to it, and I saw a lot of him. We had many discussions about logic, computation, and language.

Behavioral Computational Social Science
Behavioral Computational Social Science

Author: Riccardo Boero

Publisher: John Wiley & Sons

Published: 2015-07-21

Total Pages: 198

ISBN-13: 111910615X

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This book is organized in two parts: the first part introduces the reader to all the concepts, tools and references that are required to start conducting research in behavioral computational social science. The methodological reasons for integrating the two approaches are also presented from the individual and separated viewpoints of the two approaches.The second part of the book, presents all the advanced methodological and technical aspects that are relevant for the proposed integration. Several contributions which effectively merge the computational and the behavioral approaches are presented and discussed throughout

Computational Logic: Logic Programming and Beyond
Computational Logic: Logic Programming and Beyond

Author: Robert Kowalski

Publisher: Springer Science & Business Media

Published: 2002-07-12

Total Pages: 688

ISBN-13: 3540439595

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The book contains the proceedings of the 12th European Testis Workshop and gives an excellent overview of the state of the art in testicular research. The chapters are written by leading scientists in the field of male reproduction, who were selceted on the basis of their specific area of research. The book covers all important aspects of testicular functioning, for example, Sertoli and Leydig cell functioning, spermatogonial development and transplantation, meiosis and spermiogenesis. Even for those investigators who were not present at the workshop, this volume provides a clear impression of the topics discussed during that meeting.

Handbook of Computational Economics
Handbook of Computational Economics

Author: Leigh Tesfatsion

Publisher: Elsevier

Published: 2006-05-15

Total Pages: 905

ISBN-13: 0080459870

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The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues.*Every volume contains contributions from leading researchers*Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys