Artificial intelligence in economics truth and dare

Research output: Contribution to journalArticle

4 Scopus citations

Abstract

Economics has been slow to yield to artificial intelligence techniques, although the potential value of these techniques has been recognized repeatedly. This potential is examined in the case of advanced symbolic and visual techniques for qualitatively reasoning about complex dynamic systems. Application of these techniques to the study of dynamic economic systems however requires their adaptation to economics problems so as to take account of the significant contribution that mathematical economics has made to the study of dynamics, especially through exploitation of the idiosyncratic structure of many economic systems. Possible implications of using these techniques in related areas, such econometrics, are outlined as well.

Original languageEnglish (US)
Pages (from-to)601-605
Number of pages5
JournalJournal of Economic Dynamics and Control
Volume20
Issue number4
DOIs
StatePublished - Apr 1996

Keywords

  • Artificial intelligence
  • Dynamic economics
  • Econometrics
  • Qualitative economics
  • Qualitative reasoning

ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics

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