Decision Economics: Minds, Machines, and their Society
- Length: 296 pages
- Edition: 1
- Language: English
- Publisher: Springer
- Publication Date: 2021-09-17
- ISBN-10: 3030755827
- ISBN-13: 9783030755829
- Sales Rank: #0 (See Top 100 Books)
This book is the result of a multi-year research project led and sponsored by the University of Chieti-Pescara, National Chengchi University, University of Salamanca, and Osaka University. It is the fifth volume to emerge from that international project, held under the aegis of the United Nations Academic Impact in 2020. All the essays in this volume were (virtually) discussed at the University of L’Aquila―as the venue of the 2nd International Conference on Decision Economics, a three-day global gathering of approximately one hundred scholars and practitioners―and were subjected to thorough peer review by leading experts in the field. The essays reflect the extent, diversity, and richness of several research areas, both normative and descriptive, and are an invaluable resource for graduate-level and PhD students, academics, researchers, policymakers and other professionals, especially in the social and cognitive sciences.
Given its interdisciplinary scope, the book subsequently delivers new approaches on how to contribute to the future of economics, providing alternative explanations for various socio-economic issues such as computable humanities; cognitive, behavioural, and experimental perspectives in economics; data analysis and machine learning as well as research areas at the intersection of computer science, artificial intelligence, mathematics, and statistics; agent-based modelling and the related. The editors are grateful to the scientific committee for its continuous support throughout the research project as well as to the many participants for their insightful comments and always probing questions. In any case, the collaboration involved in the project extends far beyond the group of authors published in this volume and is reflected in the quality of the essays published over the years.
Cover Front Matter Part I: Turing Test: Computable Humanities Beyond the Turing Test: A Formalisation of a Decisional Turing Machine Challenges in the Study of Intelligent Machines and Reverse Turing Test on Socio-Economic Decisions Part II: Minds: Cognitive, Behavioural, and Experimental Perspectives The ‘Limits of Pure Reason’ in Decision-Making: Dupré’s and Damasio’s Basic Theses If Economic Theory Met Neurosciences: Examining Damasio’s Cognitive Somatic Marker A Second-Order Adaptive Cognitive and Affective Utility Based Computational Model for Decision Making Approaching Natural Language as a Business Game from the Bottom Up: A Cognitive Real-Effort Lab Experiment Challenging in Conducting Studies of Mathematics Education Research: Analysis of Data Collected Through GEM, a Mathematical User Interface Design Evaluating the Behavioural Impact of Risk Exposure and Quality of Services Attributes on Preferences of Airline Customers: A Choice Behaviour Experiment Lying Behavior of Left-Behind Children in China: Does a Reminder on Honesty Reduce Lying? How the Sibship Size Affects the Risk Tolerance: Evidence from China Understanding Drivers’ Behaviour at Roundabouts: Do Motorists Approach a Bargaining Environment ‘Playing’ a Natural Ultimatum Game? Part III: Machine Learning: Application and Analysis Portfolio Management via Empirical Asset Pricing Powered by Machine Learning Machine Learning and Financial Ratios as an Alternative to Altman’s Z-Score Bankruptcy Model in Spanish Companies Research on Burst Terms Detection Based on Entropy Weight Method A Short Note on Cost of Effort: Beneficial Effects in Complex Decision-Making Situations Stacking Generalization via Machine Learning for Trend Detection in Financial Time Series Bayesian Dialysis of the Evidence in Fraud Detection Comparison of Traditional Econometric Models and Machine Learning Methods in the Context of Travel Decision Making and Perspectives for Synergy Part IV: Agent-Based Modelling and the Related Platform Competition and Consumer’s Decisions: An ABM Simulation of Pricing with Different Behavioral Rules From Individual Decisions to Collective Decisions Changing the World Reaction-Diffusion Equations with Application to the Knowledge Complexity Diffusion in Europe Part V: Miscellaneous Modelling the Integration of Costs and Benefits During Decision Making Informing a Financial Market Working Abductively at the Edge of Economics and Computer Science: Economatics as a Data Processing Economy Understanding the Intertemporal Choice: A Methodological Review Back Matter
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