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ARTIFICIAL INTELLIGENCE (in economics) Research and Development Department @ 1/25/2012 AI in Economics / R&D Department / One of Three LLC 1

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 models in predicting of market, economy, and social development and behavior.

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Page 1: AI in Economics

ARTIFICIAL INTELLIGENCE (in

economics)

Research and Development Department @1/25/2012

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

Page 2: AI in Economics

General

1/25/2012AI in Economics / R&D Department / One of Three LLC

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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.

Page 3: AI in Economics

1/25/2012AI in Economics / R&D Department / One of Three LLC

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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.

Idea

Page 4: AI in Economics

Objectives

1/25/2012AI in Economics / R&D Department / One of Three LLC

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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

Page 5: AI in Economics

Products

1/25/2012AI in Economics / R&D Department / One of Three LLC

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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

Page 6: AI in Economics

Modules for predicting market behavior

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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.

Page 7: AI in Economics

Modules for predicting economy

behavior

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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)

Page 8: AI in Economics

Modules for predicting behavior in

designated socioeconomic settings

1/25/2012AI in Economics / R&D Department / One of Three LLC

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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).

Page 9: AI in Economics

Modules for generating new economy

infrastructures, economies and

systems

1/25/2012AI in Economics / R&D Department / One of Three LLC

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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).

Page 10: AI in Economics

Process

1/25/2012AI in Economics / R&D Department / One of Three LLC

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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.

Page 11: AI in Economics

Research (e.g.)

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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.

Page 12: AI in Economics

Theory

1/25/2012AI in Economics / R&D Department / One of Three LLC

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Governing dynamics

Dynamical systems

Neuroeconomics

Behavioral economics

Fluid dynamics

Chaos theory

String theory

System theory

Quantum entanglement

Entropy

Thermodynamics

...

Page 13: AI in Economics

Business model

1/25/2012AI in Economics / R&D Department / One of Three LLC

13Licensing

Consulting

All new models that can derive from the research

Page 14: AI in Economics

Biz & Financ plan

1/25/2012AI in Economics / R&D Department / One of Three LLC

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Biz & financ plan of the project could be retrieved upon a request.

Page 15: AI in Economics

Contact

1/25/2012AI in Economics / R&D Department / One of Three LLC

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One of three LLC / Jedna od tri d.o.o. /

Ana Soric / MA in Communications / CEO / +385 91 9080666 /

/ [email protected] / www.oneofthree.biz