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Decision Economics: In the Tradition of Herbert A. Simon's Heritage - Distributed Computing and Artificial Intelligence, 14th International Conference (Paperback, 1st ed. 2018)
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Decision Economics: In the Tradition of Herbert A. Simon's Heritage - Distributed Computing and Artificial Intelligence, 14th International Conference (Paperback, 1st ed. 2018)
Series: Advances in Intelligent Systems and Computing, 618
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Total price: R3,227
Discovery Miles: 32 270
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The special session on Decision Economics (DECON) is a scientific
forum held annually and intended to share ideas, projects, research
results, models and experiences associated with the complexity of
behavioural decision processes and socio-economic phenomena. DECON
2017 was held at the Polytechnic of Porto, ISEP, Portugal, as part
of the 14th International Conference on Distributed Computing and
Artificial Intelligence. For the second consecutive year, the
Editors of this book have drawn inspiration from Herbert A. Simon's
immense body of work and argue that Simon precipitated something
akin to a revolution in microeconomics focused on the concept of
decision-making. Further, it is worth noting that the recognition
of relevant decision-making takes place in a range of critical
subject areas and research fields, including economics, finance,
information systems, small and international business management,
operations, and production. Therefore, decision-making issues are
of fundamental importance in all branches of economics addressed
both deductively and inductively. Not surprisingly, the study of
decision-making has seen growing empirical research efforts in the
economic literature over the last sixty years and, more recently, a
variety of insightful cutting-edge experimental, behavioural and
computational approaches. Additionally, the awareness regarding
generalizations and reductions to express economic concepts has
led, on the one hand, to an increasing risk of spreading the
language of mathematics as a rhetorical tool and, on the other
hand, to an oversimplification and overlooking of some crucial
details, especially when it comes to human decisions and, hence,
economic behaviour. That awareness, however, has helped to produce
an extraordinary volume of empirical research aimed at discovering
how economic agents cope with complex decisions. In this sense, the
international scientific community acknowledges Herbert A. Simon's
research endeavours to understand the processes involved in
economic decision-making and their implications for the advancement
of economic professions. Within the field of decision-making,
indeed, Simon's rejection of the standard decision-making models
used in neoclassical economics inspired social scientists worldwide
to develop research programmes in order to study decision-making
empirically. The main achievements concern decision-making for
individuals, firms, markets, governments, institutions, and, last
but not least, science and research.
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