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AI in Economics / R&D Department / One of Three LLC   1




ARTIFICIAL INTELLIGENCE (in
economics)




1/25/2012   Research and Development Department @
General
2




    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
The idea is to use Cognitive
                                                           modeling, Cognitive
                                                  architecture, 3D business model
                                                    and ABM as a research in AI
3
                                                 (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
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
               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
Modules for predicting market behavior
6




    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 couldn't be seen before, respectively discovering complex
    infrastructures and environments.




            AI in Economics / R&D Department / One of Three LLC   1/25/2012
Modules for predicting economy
7   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
Modules for predicting behavior in
8
    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
Modules for generating new economy
     infrastructures, economies and
9
     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                                                            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
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
Theory                                           Governing dynamics
                                                 Dynamical systems
                                                 Neuroeconomics
12
                                                 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
Business model
13    Licensing
      Consulting
      All new models that can derive from the research




            AI in Economics / R&D Department / One of Three LLC   1/25/2012
Biz & Financ plan
14




     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
Contact
15
      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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AI in Economics

  • 1. AI in Economics / R&D Department / One of Three LLC 1 ARTIFICIAL INTELLIGENCE (in economics) 1/25/2012 Research and Development Department @
  • 2. General 2 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 AI 3 (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 behavior 6 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 couldn't 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 economy 7 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 in 8 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 and 9 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 Neuroeconomics 12 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 model 13 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 plan 14 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. Contact 15 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