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AI in Economics

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Research project in AI in economics. The idea is to use Cognitive modeling, Cognitive architecture, 3D business model and ABM as a research in AI (artificial intelligence) and applying simulation …

Research project in AI in economics. The idea is to use Cognitive modeling, Cognitive architecture, 3D business model and ABM as a research in AI (artificial intelligence) and applying simulation models in predicting of market, economy, and social development and behavior.

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  • 1. AI in Economics / R&D Department / One of Three LLC 1ARTIFICIAL INTELLIGENCE (ineconomics)1/25/2012 Research and Development Department @
  • 2. General2 Cognitive modeling is an area of computer science that deals with simulating human problem solving and mental task processes in a computerized model. Such a model can be used to simulate or predict human behavior or performance on tasks similar to the ones modeled. Cognitive modeling is used in numerous artificial intelligence (AI) applications, such as expert systems, natural language programming, neural networks, robotics and virtual reality applications. In agent-based modeling (ABM), a system is modeled as a collection of autonomous decision-making entities called agents. Each agent individually assesses its situation and makes decisions on the basis of a set of rules. Agents may execute various behaviors appropriate for the system they represent—for example, producing, consuming, or selling. AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 3. The idea is to use Cognitive modeling, Cognitive architecture, 3D business model and ABM as a research in AI3 (artificial intelligence) and applying simulation models in predicting of market, economy, and social development and behavior. Idea AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 4. Objectives 4 To be able to make a standard of computation in economics To produce modules that would make complex predictions routine To be able to render new markets To be able to generate new economies and system(s) To be able to create new systems for distribution of resources and balances of values AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 5. 5 Products Modules for predicting market behavior Modules for predicting economy behavior Modules for predicting behavior in designated socioeconomic settings Modules for generating new economy infrastructures, economies and systems AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 6. Modules for predicting market behavior6 The idea is to go beyond simple supply and demand or similar equations by bringing more variables in the model to be able to create intelligent 3D model and complex simulation of any market thus deciphering its dynamics with greater precision, covering details that couldnt be seen before, respectively discovering complex infrastructures and environments. AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 7. Modules for predicting economy7 behavior These product(s) or modules will be dedicated to analyze or compute the equilibrium between labor, capital, allocation of resources, basic economic conditions, specific economic conditions, financial markets and expected results in order to serve:  Crisis solution  Generate new socioeconomic environments  Optimize existing system(s)  Create complex superior system(s) AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 8. Modules for predicting behavior in8 designated socioeconomic settings These product(s) or modules will be dedicated to analyze or compute the change in basic and specific economic conditions and its influence on general or specific social setting, behavior and development. From small groups to global community and their environments; which would provide thorough understanding of social engineering, socio-economic conditions, and could even predict path of a human evolution through mapping complex environments and rendering superior system(s). AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 9. Modules for generating new economy infrastructures, economies and9 systems These product(s) or modules will be dedicated to generate new economy infrastructures and to test in which basic and special conditions new economies could be generated as well as to analyze their impact on social behavior, development and environment. Furthermore it will enable to create complex environments in order to generate superior system(s). AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 10. 10 Process The Variables of each the model will be determined. The modules will be produced using Agent Based Model or/and Cognitive Model of the intended system. The system would be tested for accuracy via VOMAS (Virtual Overlay Multi-Agent System), which would be developed parallel to the model and modules. The system would additionally be tested via theorems/theory. Some modules or part of them would be packaged in the user friendly interface/application and licensed as a software. AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 11. Research (e.g.)11 Agent-based models have been used since the mid-1990s to solve a variety of business and technology problems. Examples of applications include supply chain optimization and logistics, modeling of consumer behavior, including word of mouth, social network effects, distributed computing, workforce management, and portfolio management. AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 12. Theory Governing dynamics Dynamical systems Neuroeconomics12 Behavioral economics Fluid dynamics Chaos theory String theory System theory Quantum entanglement Entropy Thermodynamics ... AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 13. Business model13 Licensing Consulting All new models that can derive from the research AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 14. Biz & Financ plan14 Biz & financ plan of the project could be retrieved upon a request. AI in Economics / R&D Department / One of Three LLC 1/25/2012
  • 15. Contact15 One of three LLC / Jedna od tri d.o.o. / Ana Soric / MA in Communications / CEO / +385 91 9080666 / / CEO@oneofthree.biz / www.oneofthree.biz AI in Economics / R&D Department / One of Three LLC 1/25/2012

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