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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 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.
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 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)
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.
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.
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.
This book integrates the theories of complex self-organizing systems with the rich body of discourse and literature developed in what might be called ‘social theory of cities and urbanism’. It uses techniques from dynamical complexity and synergetics to successfully tackle open social science questions.
The widespread interest this book has found among professors, scientists and stu dents working in a variety of fields has made a new edition necessary. I have used this opportunity to add three new chapters on recent developments. One of the most fascinating fields of modern science is cognitive science which has become a meet ing place of many disciplines ranging from mathematics over physics and computer science to psychology. Here, one of the important links between these fields is the concept of information which, however, appears in various disguises, be it as Shan non information or as semantic information (or as something still different). So far, meaning seemed to be exorcised from Shannon information, whereas meaning plays a central role in semantic (or as it is sometimes called "pragmatic") information. In the new chapter 13 it will be shown, however, that there is an important interplay between Shannon and semantic information and that, in particular, the latter plays a decisive role in the fixation of Shannon information and, in cognitive processes, al lows a drastic reduction of that information. A second, equally fascinating and rapidly developing field for mathematicians, computer scientists and physicists is quantum information and quantum computa tion. The inclusion of these topics is a must for any modern treatise dealing with in formation. It becomes more and more evident that the abstract concept of informa tion is inseparably tied up with its realizations in the physical world.