Artificial economics : methods, models, and interdisciplinary links / Ruben Mercado.

Format:

Book

Author/Creator:

Mercado, P. Ruben, author.

Language:

English

Subjects (All):

Economics.

Cognitive science--Economic aspects.

Cognitive science.

Artificial intelligence--Economic aspects.

Artificial intelligence.

Economics--Mathematical models.

Physical Description:

1 online resource (xv, 180 pages) : digital, PDF file(s).

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2022.

Summary:

This introductory overview explores the methods, models and interdisciplinary links of artificial economics, a new way of doing economics in which the interactions of artificial economic agents are computationally simulated to study their individual and group behavior patterns. Conceptually and intuitively, and with simple examples, Mercado addresses the differences between the basic assumptions and methods of artificial economics and those of mainstream economics. He goes on to explore various disciplines from which the concepts and methods of artificial economics originate; for example cognitive science, neuroscience, artificial intelligence, evolutionary science and complexity science. Introductory discussions on several controversial issues are offered, such as the application of the concepts of evolution and complexity in economics and the relationship between artificial intelligence and the philosophies of mind. This is one of the first books to fully address artificial economics, emphasizing its interdisciplinary links and presenting in a balanced way its occasionally controversial aspects.

Contents:

Cover

Half-title page

Title page

Copyright page

Dedication

Contents

List of Figures

List of Tables

Preface

Introduction

Part I Artificial Economics and Mainstream Economics

1 The Artificial Agent

1.1 The Agent in Mainstream Economics

1.2 The Agent in Artificial Economics

1.3 Cognitive Science and Neuroscience

1.3.1 Cognitive Science

1.3.2 Neuroscience

1.4 Emotion, Reason, and Social Links: Integrated Agents

2 Artificial Markets

2.1 A Model of Artificial Economics with Movement

2.2 A Model of Artificial Economics with Movement and Trade

2.3 A Mainstream Economics Static Exchange Model

2.4 A Mainstream Economics Dynamic Model of Production and Consumption

2.5 Contrasts

3 Artificial Games

3.1 A Classic Game

3.2 An Artificial Evolutionary Game

3.3 Contrasts

4 Artificial Economics versus Mathematics?

4.1 Methods and Instruments: Artificial Economics versus Mainstream Economics

4.2 Computers versus Mathematics?

Part II Complementary Topics and Discussions

5 Artificial Intelligence

5.1 Machine Learning Methods

5.2 Unsupervised Learning

5.3 Supervised Learning

5.4 Reinforcement Learning

5.5 Artificial Agents and Philosophy of Mind

6 Artificial Evolution

6.1 Genetic Algorithms and Extrinsic Adaptation

6.2 Artificial Markets and Intrinsic Adaptation

6.3 Evolution and Economics

7 Artificial Complexity

7.1 Cellular Automata

7.1.1 A One-Dimensional Cellular Automaton

7.1.2 A Two-Dimensional Cellular Automaton

7.2 Complexity and Economics

8 Artificial Economics and the Agent/Structure Problem

8.1 Individualism, Structuralism, and Intermediate Postures

8.2 Artificial Economics and Agent/Structure Feedback

Annexes

Annex A Notions about Object-Oriented Programming.

Annex B Mainstream Economics: A Brief on Its Theoretical Core

Annex C General Equilibrium: Static and Dynamic Models

Annex D Artificial Neural Networks: A Brief on Models and Learning

Annex E Uncertainty, Dynamic Programming, and Stochastic Control

References

Index.

Notes:

Title from publisher's bibliographic system (viewed on 28 Oct 2021).

ISBN:

9781009041027

1009041029

9781009036719

1009036718

OCLC:

1481791145