Artificial Economics and Self Organization

Artificial Economics and Self Organization
Author: Stephan Leitner
Publisher: Springer Science & Business Media
Total Pages: 258
Release: 2013-08-16
Genre: Business & Economics
ISBN: 3319009125

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This volume presents recent advances in the dynamic field of Artificial Economics and its various applications. Artificial Economics provides a structured approach to model and investigate economic and social systems. In particular, this approach is based on the use of agent-based simulations and further computational techniques. The main aim is to analyze the outcomes at the overall systems’ level as results from the agents’ behavior at the micro-level. These emergent characteristics of complex economic and social systems can neither be foreseen nor are they intended. The emergence rather makes these systems function. Artificial Economics especially facilitates the investigation of this emergent systems’ behavior. ​

The Self Organizing Economy

The Self Organizing Economy
Author: Paul Krugman
Publisher: John Wiley & Sons
Total Pages: 133
Release: 1996-04-11
Genre: Business & Economics
ISBN: 1557866988

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The Self-Organizing Economy In the last few years the concept of self-organizing systems—complex systems in which randomness and chaos seem spontaneously to evolve into unexpected order—has linked together researchers in many fields, from artificial intelligence to chemistry, from evolution to geology. Now leading economist Paul Krugman shows how principles that explain the growth of hurricanes and embryos can also explain the formation of cities and business cycles; how the same principles of “order from random growth” can explain the strangely simple rules that describe the sizes of earthquakes, meteorites, and metropolitan areas. Weaving together strands from many disciplines, from location theory to biology, The Self-Organizing Economy offers a surprising new view of how the economy structures itself in space and time.

Artificial Economics and Self Organization

Artificial Economics and Self Organization
Author: Stephan Leitner
Publisher: Springer
Total Pages: 256
Release: 2013-08-27
Genre: Business & Economics
ISBN: 9783319009117

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This volume presents recent advances in the dynamic field of Artificial Economics and its various applications. Artificial Economics provides a structured approach to model and investigate economic and social systems. In particular, this approach is based on the use of agent-based simulations and further computational techniques. The main aim is to analyze the outcomes at the overall systems’ level as results from the agents’ behavior at the micro-level. These emergent characteristics of complex economic and social systems can neither be foreseen nor are they intended. The emergence rather makes these systems function. Artificial Economics especially facilitates the investigation of this emergent systems’ behavior. ​

Discovering Artificial Economics

Discovering Artificial Economics
Author: David F. Batten
Publisher: Routledge
Total Pages: 284
Release: 2019-03-01
Genre: Political Science
ISBN: 0429723989

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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.

The Self-organizing Economy

The Self-organizing Economy
Author: Paul R. Krugman
Publisher: Wiley-Blackwell
Total Pages: 122
Release: 1996-01
Genre: Business & Economics
ISBN: 9781557866998

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Written in an informal and conversational style, " The Self-Organizing Economy shows how models of self-organization, "order from stability," can be applied to economic phenomenon. This concept, which has become increasingly influential in the last few years, can explain the formation of cities and business cycles. The book includes powerful insights of conventional economic analysis and strands from many disciplines, from location theory to biology, to create a surprising new view of how the economy forms structures in space and time.

Self-organising Multi-agent Systems: Algorithmic Foundations Of Cyber-anarcho-socialism

Self-organising Multi-agent Systems: Algorithmic Foundations Of Cyber-anarcho-socialism
Author: Jeremy Pitt
Publisher: World Scientific
Total Pages: 400
Release: 2021-09-21
Genre: Computers
ISBN: 1800610440

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The paradigm of self-organisation is fundamental to theories of collective action in economic science and democratic governance in political science. Self-organisation in these social systems critically depends on voluntary compliance with conventional rules: that is, rules which are made up, mutually agreed, and modifiable 'on the fly'. How, then, can we use the self-organisation observed in such social systems as an inspiration for decentralised computer systems, which can face similar problems of coordination, cooperation and collaboration between autonomous peers?Self-Organising Multi-Agent Systems presents an innovative and systematic approach to transforming theories of economics and politics (and elements of philosophy, psychology, and jurisprudence) into an executable logical specification of conventional rules. It shows how sets of such rules, called institutions, provide an algorithmic basis for designing and implementing cyber-physical systems, enabling intelligent software processes (called agents) to manage themselves in the face of competition for scarce resources. It also provides a basis for implementing socio-technical systems with interacting human and computational intelligences in a way that is sustainable, fair and legitimate.This interdisciplinary book is essential reading for anyone interested in the 'planned emergence' of global properties, commonly-shared values or successful collective action, especially as a product of social construction, knowledge management and political arrangements. For those studying both computer science and social sciences, this book offers a radically new gateway to a transformative understanding of complex system development and social system modelling.Understanding how a computational representation of qualitative values like justice and democracy can lead to stability and legitimacy of socio-technical systems is among the most pressing software engineering challenges of modern times. This book can be read as an invitation to make the Digital Society better.Related Link(s)

Self-organising Software

Self-organising Software
Author: Giovanna Di Marzo Serugendo
Publisher: Springer Science & Business Media
Total Pages: 465
Release: 2011-09-15
Genre: Computers
ISBN: 3642173489

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Self-organisation, self-regulation, self-repair and self-maintenance are promising conceptual approaches for dealing with complex distributed interactive software and information-handling systems. Self-organising applications dynamically change their functionality and structure without direct user intervention, responding to changes in requirements and the environment. This is the first book to offer an integrated view of self-organisation technologies applied to distributed systems, particularly focusing on multiagent systems. The editors developed this integrated book with three aims: to explain self-organisation concepts and principles, using clear definitions and a strong theoretical background; to examine how self-organising behaviour can be modelled, analysed and systematically engineered into agent behaviour; and to assess the types of problems that can be solved using self-organising multiagent systems. The book comprises chapters covering all three dimensions, synthesising up-to-date research work and the latest technologies and applications. The book offers dedicated chapters on concepts such as self-organisation, emergence in natural systems, software agents, stigmergy, gossip, cooperation and immune systems. The book then explains how to engineer artificial self-organising software, in particular it examines methodologies and middleware infrastructures. Finally, the book presents diverse applications of self-organising software, such as constraint satisfaction, trust management, image recognition and networking. The book will be of interest to researchers working on emergent phenomena and adaptive systems. It will also be suitable for use as a graduate textbook, with chapter summaries and exercises, and an accompanying website that includes teaching slides, exercise solutions and research project outlines. Self-organisation, self-regulation, self-repair and self-maintenance are promising conceptual approaches for dealing with complex distributed interactive software and information-handling systems. Self-organising applications dynamically change their functionality and structure without direct user intervention, responding to changes in requirements and the environment. This is the first book to offer an integrated view of self-organisation technologies applied to distributed systems, particularly focusing on multiagent systems. The editors developed this integrated book with three aims: to explain self-organisation concepts and principles, using clear definitions and a strong theoretical background; to examine how self-organising behaviour can be modelled, analysed and systematically engineered into agent behaviour; and to assess the types of problems that can be solved using self-organising multiagent systems. The book comprises chapters covering all three dimensions, synthesising up-to-date research work and the latest technologies and applications. The book offers dedicated chapters on concepts such as self-organisation, emergence in natural systems, software agents, stigmergy, gossip, cooperation and immune systems. The book then explains how to engineer artificial self-organising software, in particular it examines methodologies and middleware infrastructures. Finally, the book presents diverse applications of self-organising software, such as constraint satisfaction, trust management, image recognition and networking. The book will be of interest to researchers working on emergent phenomena and adaptive systems. It will also be suitable for use as a graduate textbook, with chapter summaries and exercises, and an accompanying website that includes teaching slides, exercise solutions and research project outlines.

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

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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.

Social Self-Organization

Social Self-Organization
Author: Dirk Helbing
Publisher: Springer
Total Pages: 343
Release: 2012-05-05
Genre: Science
ISBN: 3642240046

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What are the principles that keep our society together? This question is even more difficult to answer than the long-standing question, what are the forces that keep our world together. However, the social challenges of humanity in the 21st century ranging from the financial crises to the impacts of globalization, require us to make fast progress in our understanding of how society works, and how our future can be managed in a resilient and sustainable way. This book can present only a few very first steps towards this ambitious goal. However, based on simple models of social interactions, one can already gain some surprising insights into the social, ``macro-level'' outcomes and dynamics that is implied by individual, ``micro-level'' interactions. Depending on the nature of these interactions, they may imply the spontaneous formation of social conventions or the birth of social cooperation, but also their sudden breakdown. This can end in deadly crowd disasters or tragedies of the commons (such as financial crises or environmental destruction). Furthermore, we demonstrate that classical modeling approaches (such as representative agent models) do not provide a sufficient understanding of the self-organization in social systems resulting from individual interactions. The consideration of randomness, spatial or network interdependencies, and nonlinear feedback effects turns out to be crucial to get fundamental insights into how social patterns and dynamics emerge. Given the explanation of sometimes counter-intuitive phenomena resulting from these features and their combination, our evolutionary modeling approach appears to be powerful and insightful. The chapters of this book range from a discussion of the modeling strategy for socio-economic systems over experimental issues up the right way of doing agent-based modeling. We furthermore discuss applications ranging from pedestrian and crowd dynamics over opinion formation, coordination, and cooperation up to conflict, and also address the response to information, issues of systemic risks in society and economics, and new approaches to manage complexity in socio-economic systems. Selected parts of this book had been previously published in peer reviewed journals.