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Computable Economics : The Arne Ryde Memorial Lectures - K. Velupillai

Computable Economics

The Arne Ryde Memorial Lectures

Hardcover Published: 1st February 1999
ISBN: 9780198295273
Number Of Pages: 240

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In the field of economic analysis, computability in the formation of economic hypotheses is seen as the way forward. In this book, Professor Velupillai implements a theoretical research program along these lines. Choice theory, learning rational expectations equlibria, the persistence of adaptive behaviour, arithmetical games, aspects of production theory, and economic dynamics are given recursion theoretic (i.e. computable) interpretations. These interpretations lead to new kinds of questions being posed by the economic theorist. In particular, recurison theoretic decision problems replace standard optimisation paradigms in economic analysis. Economic theoretic questions, posed recursion-theoretically, lead to answers that are ambiguous: undecidable choices, uncomputable learning processes, and algorithmically unplayable games become standard answers. Professor Velupillai argues that a recursion theoretic formalisation of economic analysisComputable Economicsmakes the subject intrinsically inductive and computational.

Industry Reviews

... rich in ideas and problems and may inspire research work of specialists in mathematical economics. Zentralblatt MATH This fascinating book is based on the lexctures delivered by Kumaraswamy Velupillai in memory of Arne Ryde. Economic Systems Research, volume 15, issue 4, 2003, Paola Antonello Velupillai's Lund lectures and his book represents a major contribution in the field of economic dynamic analysis. Dynamics is the author's lifelong research programme. Economic Systems Research, volume 15, issue 4, 2003, Paola Antonello

1: Introduction and Outline 2: Computable Economics: Pioneers and Precursors 3: Computable Rationality 4: Adaptive Behaviour 5: The Modern Theory of Induction 6: Learning in a Computable Setting 7: Effective Playability in Arithmetical Games 8: Notes on Computational Complexity 9: Explorations in Computable Economics 10: Concluding Reflections Appendix: A Child's Guide to Computability

ISBN: 9780198295273
ISBN-10: 0198295278
Series: Arne Ryde Memorial Lectures
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 240
Published: 1st February 1999
Country of Publication: GB
Dimensions (cm): 22.3 x 14.35  x 2.03
Weight (kg): 0.4