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Quantum Decision Theory and Complexity Modelling in Economics and Public Policy

Quantum Decision Theory and Complexity Modelling in Economics and Public Policy
Author: Anirban Chakraborti
Publisher: Springer Nature
Total Pages: 251
Release: 2023-10-23
Genre: Business & Economics
ISBN: 303138833X

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This book is an outcome of the interdisciplinary conference held at OP Jindal Global University (Quantum Decision-making and Complexity modeling, and their possible applications in social sciences- economics, finance and public policy). The volume builds upon the emerging fields of Econophysics, Complexity theory and Quantum like modelling in cognition and social sciences, and their plausible applications in economics and public policy. There can be deep linkages between the micro, meso and macro scales at which these paradigms operate. In this data-driven age, greater amounts of information, along with the facility to harvest, sort and process said information, have permitted an expansion of the capability to study a society’s various factors to a degree of detail and inclusiveness that has never before been available to researchers. As a result, an increasing number of throughlines is being discovered, revealing heretofore unknown connections between various disciplines and enhancing the study of such societal tropes as finance, language, shared behavior, and many others. As the reader will see, with clearer understanding of the interconnectedness of society’s assorted parts comes a clearer understanding of the society as a whole. We have received critical thoughts from noted experts in social and natural sciences to explore possible interconnections. The editors of this book earnestly hope that the critical reviews presented in this volume will stimulate further scholarly interest, but also interest among policy practitioners for the purpose of exploring possibilities for creating a new paradigm for comprehending pressing issues of deep uncertainty and emergence in social dynamics.


Quantum International Relations

Quantum International Relations
Author: James Der Derian
Publisher: Oxford University Press
Total Pages: 417
Release: 2022-05-03
Genre: Political Science
ISBN: 0197568203

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The contributors to this volume are motivated by a common apprehension and a common hope. The apprehension was first voiced by Einstein, who lamented the inability of humanity, at the individual and social level, to keep up with the increased speed of technological change brought about by the quantum revolution. As quantum science and technology fast forward into the 21st century, the social sciences remain stuck in classical, 19th century ways of thinking. Can such a mechanistic model of the mind and society possibly help us manage the fully realized technological potential of the quantum? That's where the hope appears: that perhaps quantum is not just a physical science, but a human science too. In Quantum International Relations, James Der Derian and Alexander Wendt gather rising scholars and leading experts to make the case for quantum approaches to world politics. As a fundamental theory of reality and enabler of new technologies, quantum now touches everything, with the potential to revolutionize how we conduct diplomacy, wage war, and make wealth. Contributors present the core principles of quantum mechanics--entanglement, uncertainty, superposition, and the wave function--as significant catalysts and superior heuristics for an accelerating quantum future. Facing a reality which no longer corresponds to an outdated Newtonian worldview of states as billiard balls, individuals as rational actors or power as objective interest, Der Derian and Wendt issue an urgent call for a new human science of quantum International Relations. At the centenary of the first quantum thought experiment in the 1920s, this book offers a diversity of explorations, speculations and approaches for understanding geopolitics in the 21st century.


The Routledge Handbook of Research Methods in Spirituality and Contemplative Studies

The Routledge Handbook of Research Methods in Spirituality and Contemplative Studies
Author: Bernadette Flanagan
Publisher: Taylor & Francis
Total Pages: 419
Release: 2024-09-03
Genre: Religion
ISBN: 104011346X

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The Routledge Handbook of Research Methods in Spirituality and Contemplative Studies provides the first authoritative overview of methodology in this growing field. Against the background of the pandemic and other global challenges, spirituality is expanding as an agreed term with which to discuss the efforts people make to be fully present to deeper, invisible dimensions of their personal identity and external reality, but until now there have been few resources exploring the different methodological approaches researchers take. This book explores the primary methodologies emerging: First Person, Second Person, and Third Person, and provides a systematisation of spirituality research in applied contexts for the first time. Comprising 33 chapters by a team of international contributors, the book is divided into seven parts: Foundations Approaches to Contemplative Research Contemplative Research in Education Contemplative Research in Work and Leadership Contemplative Research in Science, Health, and Healing Contemplative Research in Social Sciences Contemplative Research and the Way Forward The Handbook provides readers, practitioners, and policymakers with methods and approaches which can facilitate a spiritual and contemplative stance in research activities. It is an essential resource for researchers and students of Religion, Spirituality, and Research Methods.


Computational Intelligence Aided Systems for Healthcare Domain

Computational Intelligence Aided Systems for Healthcare Domain
Author: Akshansh Gupta
Publisher: CRC Press
Total Pages: 392
Release: 2023-06-14
Genre: Computers
ISBN: 1000884406

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This book covers recent advances in artificial intelligence, smart computing, and their applications in augmenting medical and health care systems. It will serve as an ideal reference text for graduate students and academic researchers in diverse engineering fields including electrical, electronics and communication, computer, and biomedical. This book: Presents architecture, characteristics, and applications of artificial intelligence and smart computing in health care systems Highlights privacy issues faced in health care and health informatics using artificial intelligence and smart computing technologies Discusses nature-inspired computing algorithms for the brain-computer interface Covers graph neural network application in the medical domain Provides insights into the state-of-the-art artificial intelligence and smart computing enabling and emerging technologies This book discusses recent advances and applications of artificial intelligence and smart technologies in the field of healthcare. It highlights privacy issues faced in health care and health informatics using artificial intelligence and smart computing technologies. It covers nature-inspired computing algorithms such as genetic algorithms, particle swarm optimization algorithms, and common scrambling algorithms to study brain-computer interfaces. It will serve as an ideal reference text for graduate students and academic researchers in the fields of electrical engineering, electronics and communication engineering, computer engineering, and biomedical engineering.


Decision Theory and Choices

Decision Theory and Choices
Author: Marisa Faggini
Publisher: Springer
Total Pages: 270
Release: 2016-05-01
Genre:
ISBN: 9788847058170

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In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the complexity theory tries to give a scientific basis to the way in which individuals really choose, showing that those models of human nature is routinely falsified by experiments since people are neither selfish nor rational. Thus inductive rules of thumb are usually implemented in order to make decisions in the presence of incomplete and heterogeneous information sets; errors and biases are the natural counterpart of learning and adapting processes. The papers collected in this volume show that economic agents, individual or aggregate, do not conform to standard economic models, highlighting how a different framework complexity theory - could help to explain and understand the choice and decision process of economic agent."


Quantum Governance

Quantum Governance
Author: Fadi Farra
Publisher: Emerald Group Publishing
Total Pages: 231
Release: 2023-09-15
Genre: Political Science
ISBN: 1837537801

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Old systems of governance are struggling to cope with the pressures placed on them by the accelerating development of modern society. There is a desperate need for change. Quantum Governance offers a new way of thinking about policy implementation and has profound ramifications for policymakers.


How Labor Powers the Global Economy

How Labor Powers the Global Economy
Author: Emmanuel D. Farjoun
Publisher: Springer Nature
Total Pages: 155
Release: 2022-04-12
Genre: Political Science
ISBN: 3030933210

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This book presents a probabilistic approach to studying the fundamental role of labor in capitalist economies and develops a non-deterministic theoretical framework for the foundations of political economy. By applying the framework to real-world data, the authors offer new insights into the dynamics of growth, wages, and accumulation in capitalist development around the globe. The book demonstrates that a probabilistic political economy based on labor inputs enables us to describe central organizing principles in modern capitalism. Starting from a few basic assumptions, it shows that the working time of employees is the main regulating variable for determining strict numerical limits on the rate of economic growth, the range of wages, and the pace of accumulation under the present global economic system. This book will appeal to anyone interested in how the capitalist mode of production works and its inherent limitations; in particular, it will be useful to scholars and students of Marxian economics. “Emmanuel Farjoun and Moshé Machover, follow up their pathbreaking work on the application of statistical physics methods to political economy in this book with David Zachariah, in which they develop methods for making educated and structured estimates of stylized facts applicable to capitalist economies. There’s a lot for economists and anyone interested in the political economy of capitalism to learn from their reasoning on these issues, including their novel and challenging suggestion of bounds on the rates of increase of use-value productivity of labor, and on the range of variation of the wage share.” Duncan K. Foley, Leo Model Professor of Economics, New School for Social Research


Quantum Models of Cognition and Decision

Quantum Models of Cognition and Decision
Author: Jerome R. Busemeyer
Publisher: Cambridge University Press
Total Pages: 425
Release: 2012-07-26
Genre: Business & Economics
ISBN: 110701199X

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Introduces principles drawn from quantum theory to present a new framework for modeling human cognition and decision.


Complex Decision Making

Complex Decision Making
Author: Hassan Qudrat-Ullah
Publisher: Springer
Total Pages: 337
Release: 2007-09-22
Genre: Business & Economics
ISBN: 3540736654

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Today's ever more complex world creates challenges for decision makers. This volume reviews the principles underlying complex decision making, the handling of uncertainties in dynamic environments, and the various modeling approaches. Beginning with a discussion of the underlying concepts, theories and empirical evidence, the book gives you a range of practical tools and techniques for decision making in complex environments and systems.


The Palgrave Handbook of Quantum Models in Social Science

The Palgrave Handbook of Quantum Models in Social Science
Author: Emmanuel Haven
Publisher: Springer
Total Pages: 377
Release: 2017-02-06
Genre: Business & Economics
ISBN: 1137492767

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It is not intuitive to accept that there exists a link between quantum physical systems and cognitive systems. However, recent research has shown that cognitive systems and collective (social) systems, including biology, exhibit uncertainty which can be successfully modelled with quantum probability. The use of such probability allows for the modelling of situations which typically violate the laws of classical probability. The Palgrave Handbook of Quantum Models in Social Science is is a unique volume that brings together contributions from leading experts on key topics in this new and emerging field. Completely self-contained, it begins with an introductory section which gathers all the fundamental notions required to be able to understand later chapters. The handbook then moves on to address some of the latest research and applications for quantum methods in social science disciplines, including economics, politics and psychology. It begins with the issue of how the quantum mechanical framework can be applied to economics. Chapters devoted to this topic range from how Fisher information can be argued to play a role in economics, to the foundations and application of quantum game theory. The handbook then progresses in considering how belief states can be updated with the theory of quantum measurements (and also with more general methods). The practical use of the Hilbert space (and Fock space) in decision theory is then introduced, and open quantum systems are also considered. The handbook also treats a model of neural oscillators that reproduces some of the features of quantum cognition. Other contributions delve into causal reasoning using quantum Bayes nets and the role of quantum probability in modelling so called affective evaluation. The handbook is rounded off with two chapters which discuss the grand challenges which lie ahead of us. How can the quantum formalism be justified in social science and is the traditional quantum formalism too restrictive? Finally, a question is posed: whether there is a necessary role for quantum mathematical models to go beyond physics. This book will bring the latest and most cutting edge research on quantum theory to social science disciplines. Students and researchers across the discipline, as well as those in the fields of physics and mathematics will welcome this important addition to the literature.