{"title":"Economic interactions that are beyond simulation","authors":"Shaun Gallagher, Antonio Mastrogiorgio","doi":"10.1007/s11403-024-00410-6","DOIUrl":null,"url":null,"abstract":"<p>In this paper, we argue that not all economic interactions can be simulated. Specific types of interactions, instantiated in and instantiating of institutional structures, are embodied in ways that do not admit entailing laws and cannot be expressed in a computational model. Our arguments have two implications: (i) zero intelligence is not merely a computational phenomenon but requires an “embodied” coupling with the environment (theoretical implication); and (ii) some interactions, on which collective phenomena are based, are unprestatable and generate emerging phenomena which cannot be entailed by computation (methodological implication).</p>","PeriodicalId":45479,"journal":{"name":"Journal of Economic Interaction and Coordination","volume":"107 1","pages":""},"PeriodicalIF":0.8000,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Interaction and Coordination","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s11403-024-00410-6","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In this paper, we argue that not all economic interactions can be simulated. Specific types of interactions, instantiated in and instantiating of institutional structures, are embodied in ways that do not admit entailing laws and cannot be expressed in a computational model. Our arguments have two implications: (i) zero intelligence is not merely a computational phenomenon but requires an “embodied” coupling with the environment (theoretical implication); and (ii) some interactions, on which collective phenomena are based, are unprestatable and generate emerging phenomena which cannot be entailed by computation (methodological implication).
期刊介绍：
Journal of Economic Interaction and Coordination addresses the vibrant and interdisciplinary field of agent-based approaches to economics and social sciences.
It focuses on simulating and synthesizing emergent phenomena and collective behavior in order to understand economic and social systems. Relevant topics include, but are not limited to, the following: markets as complex adaptive systems, multi-agents in economics, artificial markets with heterogeneous agents, financial markets with heterogeneous agents, theory and simulation of agent-based models, adaptive agents with artificial intelligence, interacting particle systems in economics, social and complex networks, econophysics, non-linear economic dynamics, evolutionary games, market mechanisms in distributed computing systems, experimental economics, collective decisions.
Contributions are mostly from economics, physics, computer science and related fields and are typically based on sound theoretical models and supported by experimental validation. Survey papers are also welcome.
Journal of Economic Interaction and Coordination is the official journal of the Association of Economic Science with Heterogeneous Interacting Agents.
Officially cited as: J Econ Interact Coord
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