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AI policy should advance AI innovation by ensuring that its potential benefits are responsibly realized and widely shared. To achieve this, AI policymaking should place a premium on evidence: Scientific understanding and systematic analysis…

In many models in economics or business a dominantly self-interested homo economicus is assumed. Unfortunately (or fortunately), humans are in general not homines economici as e.g. the ultimatum game shows. This leads to the fact that all…

General Economics · Economics 2022-07-08 M. Lunkenheimer , A. Kracklauer , G. Klinkova , M. Grabinski

Disagreement is an essential element of science and life in general. The language of probabilities and statistics is often used to describe disagreements quantitatively. In practice, however, we want much more than that. We want…

General Finance · Quantitative Finance 2020-09-01 Andrei N. Soklakov

This is the English version of my inaugural lecture at Coll\`ege de France in 2021, available at https://www.youtube.com/watch?v=bxktplKMhKU. I reflect on the difficulty of multi-disciplinary research, which often hinges of unexpected…

Physics and Society · Physics 2023-08-08 Jean-Philippe Bouchaud

Data scientists are not mathematicians, but they make heavy use of mathematics in their daily work. While mathematicians can study a mathematical object which is inaccessible to our five senses, data scientists must deal with real-world…

History and Overview · Mathematics 2023-03-22 Collin Joseph Van Cuyk , Liang Hong

Politics today is largely about the art of messaging to influence the public, but the mathematical theory of messaging -- information and communication theory -- can turn this art into a precise analysis, both qualitative and quantitative,…

Physics and Society · Physics 2025-11-25 Dorje C. Brody

Formal logic has often been seen as uniquely placed to analyze mathematical argumentation. While formal logic is certainly necessary for a complete understanding of mathematical practice, it is not sufficient. Important aspects of…

History and Overview · Mathematics 2024-05-06 Andrew Aberdein , Zoe Ashton

We introduce a logic specifically designed to support reasoning about social choice functions. The logic includes operators to capture strategic ability, and operators to capture agent preferences. We establish a correspondence between…

Multiagent Systems · Computer Science 2011-04-29 Nicolas Troquard , Wiebe van der Hoek , Michael Wooldridge

In this paper we provide an exhaustive survey of the current state of the mathematics of filtration enlargement and an interpretation of the key results of the literature from the viewpoint of mathematical finance. The emphasis is on…

Mathematical Finance · Quantitative Finance 2023-03-08 Karen Grigorian , Robert A. Jarrow

Politics is everywhere. In this paper, I propose a simple model to demonstrate political behavior in human society.

Social and Information Networks · Computer Science 2020-12-15 Joey Huang

The quantitative aspirations of economists and financial analysts have for many years been based on the belief that it should be possible to build models of economic systems - and financial markets in particular - that are as predictive as…

Risk Management · Quantitative Finance 2015-03-13 Andrew W. Lo , Mark T. Mueller

This article is a follow-up of a short essay that appeared in Nature 455, 1181 (2008) [arXiv:0810.5306]. It has become increasingly clear that the erratic dynamics of markets is mostly endogenous and not due to the rational processing of…

General Finance · Quantitative Finance 2009-04-07 Jean-Philippe Bouchaud

To adequately model mathematical arguments the analyst must be able to represent the mathematical objects under discussion and the relationships between them, as well as inferences drawn about these objects and relationships as the…

Computation and Language · Computer Science 2018-07-17 Joseph Corneli , Ursula Martin , Dave Murray-Rust , Gabriela Rino Nesin , Alison Pease

Pursuing a scientific idea is often justified by the promise associated with it. Philosophers of science have proposed a variety of approaches to such promise, including more specific indicators. Economic models in particular emphasise the…

History and Philosophy of Physics · Physics 2025-05-13 Patrick M. Duerr , Enno Fischer

This paper discusses serious drawbacks of existing knowledge in macroeconomics and finance in explaining and predicting economic and financial phenomena. Complexity science is proposed as an alternative approach to be used in order to…

General Economics · Economics 2022-01-03 Thitithep Sitthiyot

In this note some philosophical thoughts and observations about mathematics are expressed, arranged as challenges to some common claims.

History and Overview · Mathematics 2016-01-27 Eliahu Levy

Mathematical modelling and ethics have more touching points than most of us would like to admit. Everyday decisions are often reasoned by mathematical arguments. Mathematics teachers belong to those mathematically literate, who must point…

History and Overview · Mathematics 2023-04-11 András Bátkai

Economies and societal structures in general are complex stochastic systems which may not lend themselves well to algebraic analysis. An addition of subjective value criteria to the mechanics of interacting agents will further complicate…

General Finance · Quantitative Finance 2018-12-07 Dmitriy Volinskiy , Lana Cuthbertson , Omid Ardakanian

Datacentric enthusiasm is growing strong across a variety of domains. Whilst data science asks unquestionably exciting scientific questions, we argue that its contributions should not be extrapolated from the scientific context in which…

Physics and Society · Physics 2020-07-09 Hykel Hosni , Angelo Vulpiani

The standard approach to logic in the literature in philosophy and mathematics, which has also been adopted in computer science, is to define a language (the syntax), an appropriate class of models together with an interpretation of…

Artificial Intelligence · Computer Science 2009-09-25 Joseph Y. Halpern