Related papers: Excertos da Historia Keynesiana
I expand on some ideas from my recent review "String theory to the rescue," I discuss my use of Bayesian reasoning. I argue that it can be useful but that it is very far from the central point of the discussion. I then review my own…
A popular scientific contribution should not contradict any established facts and ought to be understandable. I complied with both these requirements and am offering a sufficiently full introduction to probability theory. Furthermore, I…
Production theory, defined as the study of the economic process of transforming inputs into outputs, consists of two simultaneous economic forces: cost minimization and profit maximization. The cost minimization problem involves deriving…
A theoretical self-sustainable economic model is established based on the fundamental factors of production, consumption, reservation and reinvestment, where currency is set as a unconditional credit symbol serving as transaction equivalent…
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…
The following three sections and appendices are taken from my thesis "The Foundations of Inference and its Application to Fundamental Physics" from 2021, in which I construct a theory of entropic inference from first principles. The…
Essentially being an extended abstract of the author's 1998 PhD thesis, this paper introduces an extension of the language of linear logic with a semantics which treats sentences as tasks rather than true/false statements. A resource is…
This paper proposes a framework for categorizing economic policies in a form of a tree taxonomy. The purpose of this approach is to construct an exhaustive and standardized list of actions that a governing authority has access to and can…
Physics and economics are two disciplines that share the common challenge of linking microscopic and macroscopic behaviors. However, while physics is based on collective dynamics, economics is based on individual choices. This conceptual…
Economies are complex man-made systems where organisms and markets interact according to motivations and principles not entirely understood yet. The increasing dissatisfaction with the postulates of traditional economics i.e. perfectly…
The concept of time mostly plays a subordinate role in finance and economics. The assumption is that time flows continuously and that time series data should be analyzed at regular, equidistant intervals. Nonetheless, already nearly 60…
We present a general logical framework for reasoning about agents' cognitive attitudes of both epistemic type and motivational type. We show that it allows us to express a variety of relevant concepts for qualitative decision theory…
The institution of money can be seen as a foundational social mechanism, enabling communities to quantify collectively regulate economic processes. Money can be said, indeed, to constitute the micro-macro link in economics. This paper…
The analogies between economics and classical mechanics can be extended from constrained optimization to constrained dynamics by formalizing economic (constraint) forces and economic power in analogy to physical (constraint) forces in…
This article provides a selective review on the recent literature on econometric models of network formation. The survey starts with a brief exposition on basic concepts and tools for the statistical description of networks. I then offer a…
The rather unintuitive nature of quantum theory has led numerous people to develop sets of (physically motivated) principles that can be used to derive quantum mechanics from the ground up, in order to better understand where the structure…
Accuracy of economic theories and efficiency of economic policy strictly depend on the choice of the economic variables and processes mostly liable for description of economic reality. That states the general problem of assessment of any…
Since its inception, many physicists have seen in quantum mechanics the possibility, if not the necessity, of bringing cognitive aspects into the play, which were instead absent, or unnoticed, in the previous classical theories. In this…
In recent years, the full text of papers are increasingly available electronically which opens up the possibility of quantitatively investigating citation contexts in more detail. In this study, we introduce a new form of citation analysis,…
We present a representation of partial confidence in belief and preference that is consistent with the tenets of decision-theory. The fundamental insight underlying the representation is that if a person is not completely confident in a…