《Contextual and Structural Representations of Market-mediated Economic
Value》
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作者:
Bradly Alicea
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最新提交年份:
2014
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英文摘要:
How do we assign value to economic transactions? To answer this question, we must consider whether the value of objects is inherent, is a product of social interaction, or involves other mechanisms. Economic theory predicts that there is an optimal price for any market transaction, and can be observed during auctions or other bidding processes. However, there are also social, cultural, and cognitive components to the assignation of value, which can be observed in both human and non-human Primate societies. While behaviors related to these factors are embedded in market interactions, they also involve a biological substrate for the assignation of value (valuation). To synthesize this diversity of perspectives, we will propose that the process of valuation can be modeled computationally and conceived of as a set of interrelated cultural evolutionary, cognitive, and neural processes. To do this, contextual geometric structures (CGS) will be placed in an agent-based context (minimal and compositional markets). Objects in the form of computational propositions can be acquired and exchanged, which will determine the value of both singletons and linked propositions. Expected results of this model will be evaluated in terms of their contribution to understanding human economic phenomena. The paper will focus on computational representations and how they correspond to real-world concepts. The implications for evolutionary economics and our contemporary understanding of valuation and market dynamics will also be discussed.
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中文摘要:
我们如何为经济交易赋予价值?要回答这个问题,我们必须考虑对象的价值是与生俱来的,是社会互动的产物,还是涉及其他机制。经济理论预测,任何市场交易都有一个最优价格,并且可以在拍卖或其他投标过程中观察到。然而,价值分配也有社会、文化和认知因素,这在人类和非人类灵长类社会中都可以观察到。虽然与这些因素相关的行为嵌入到市场互动中,但它们也涉及价值分配(估值)的生物基础。为了综合这种多样性的观点,我们将提出,估值过程可以通过计算建模,并设想为一组相互关联的文化进化、认知和神经过程。为此,将上下文几何结构(CGS)置于基于代理的上下文(最小市场和组合市场)中。以计算命题形式存在的对象可以被获取和交换,这将决定单个命题和关联命题的价值。该模型的预期结果将根据其对理解人类经济现象的贡献进行评估。本文将重点讨论计算表示以及它们如何与现实世界的概念相对应。本文还将讨论对演化经济学的影响,以及我们对估值和市场动态的当代理解。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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Contextual_and_Structural_Representations_of_Market-mediated_Economic_Value.pdf
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