Search Results - subject:"computational"

Economics and Computation : An Introduction to Algorithmic Game Theory, Computational Social Choice, and Fair Division

Rothe, Jörg (ed.); Rothe, Irene (illustration) - 2024 - Second edition

theory, computational social choice, and fair division. It thus offers an interdisciplinary treatment of collective decision … making from an economic and computational perspective. Part I introduces to algorithmic game theory, focusing on both … noncooperative and cooperative game theory. Part II introduces to computational social choice, focusing on both preference …

Persistent link: https://www.econbiz.de/10014565987

Artificial Inventors

Gervais, Daniel J. - 2023

This short chapter reviews the application of patent incentives to inventions made by AI machines. It discusses two policy goals of patents in this space, namely acceleration of innovation with the help of AI but also the need to continue human progress. It reviews decisions by several courts,...

Persistent link: https://www.econbiz.de/10014344853

Dynamic Programming on a Quantum Annealer : Solving the RBC Model

Fernández-Villaverde, Jesús; Hull, Isaiah - 2023

We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a quantum annealer, a specialized device that performs combinatorial optimization. Quantum annealers attempt to solve an NP-hard problem by starting in a quantum superposition of all...

Persistent link: https://www.econbiz.de/10014347831

Machine learning simulates agent-based model towards optimal policy : a surrogate model for public policy assessment

Furtado, Bernardo Alves; Andreão, Gustavo Onofore - 2023

different recipients. Methodologically, computational modeling enables the application of a combination of multiple influences … reduces the computational burden, whereas allowing for a much larger variation among model parameters. The coherence of …

Persistent link: https://www.econbiz.de/10014428794

Explaining the stylized facts of foreign exchange markets with a simple agent-based version of Paul de Grauwe's chaotic exchange rate model

Mignot, Sarah; Westerhoff, Frank H. - 2023

We propose a simple agent-based version of Paul de Grauwe's chaotic exchange rate model. In particular, we assume that each speculator follows his own technical and fundamental trading rule. Moreover, a speculator's choice between these two trading philosophies depends on his individual...

Persistent link: https://www.econbiz.de/10014384489

FABLES: Framework for Autonomous Behaviour-rich Language-driven Emotion-enabled Synthetic populations : modelling autonomous emotional AI-driven agents in their spatiotemporal context

Hradec, Jiri; Ostlaender, Nicole; Bernini, Alba - Europäische Kommission / Gemeinsame Forschungsstelle - 2023

The research presented in this Technical Report investigates how large language models (LLMs), through their extensive training and transcend linguistic capabilities, emerge as reservoirs of a vast array of human experiences, behaviours, and emotions. Building upon prior work of the JRC on...

Persistent link: https://www.econbiz.de/10015273733