The field of artificial economics (AE) embraces a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The overarching principle of AE is the analysis of aggregate properties of artificial economies populated by...

Introduction -- Technological Progress: Logistic Growth or Singularity -- Artificial Intelligence -- Artificial Happiness -- Issues in Artificial Intelligence -- Artificial Intelligence in Economics: ACE -- Economics of Artificial Intelligence -- State of the Art, Challenges for AGI

This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are “nonlinearity,” “bounded rationality” and “heterogeneity,” which...

Markets and Trading -- Agent’s Minimal Intelligence Calibration for Realistic Market Dynamics -- Trading on Marginal Information -- Stylized Facts Study through a Multi-Agent Based Simulation of an Artificial Stock Market -- Auctions -- A Variable Bid Increment Algorithm for Reverse English...

This book offers valuable insights into the management of uncertainty and business enterprises risk. Propelled by clear construct and communication, Nishimura introduces an innovate model (COLC) that embodies forward-looking, globalized understandings of how managers can exploit profit...

Managing Uncertainty, Mitigating Risk proposes that financial risk management broaden its approach, maintaining quantification where possible, but incorporating uncertainty. The author shows that by using broad quantification techniques, and using reason as the guiding principle, practitioners...

Framing the Risk Challenge -- Understanding the Hidden Risk of Dynamic Complexity -- Understanding the Nature of Risk -- Human Interaction and Perception of Risk -- Risk Evolves as Experience Evolves -- Why the Risk Comes as a Surprise -- Systemic and Systematic Risk -- How Risk is Currently...

The scope of this volume is primarily to analyze from different methodological perspectives similar valuation and optimization problems arising in financial applications, aimed at facilitating a theoretical and computational integration between methods largely regarded as alternatives....

Random Set Theory -- Random Multiple Objective Decision Making -- Bi-random Multiple Objective Decision Making -- Random Fuzzy Multiple Objective Decision Making -- Random Rough Multiple Objective Decision Making -- Methodological System for RLMODM -- Some Mathematical Aids -- Some Procedures