Computational Model of Collective Intelligence for Meta-level Analysis and Prediction of Free or Quasi-free Market Economy

Authors

  • Tadeusz Szuba AGH University of Science and Technology
  • Stanisław Szydło AGH University of Science and Technology
  • Paweł Skrzyński AGH University of Science and Technology

DOI:

https://doi.org/10.7494/dmms.2012.6.1.41

Keywords:

collective intelligence, computational model, free (quasi-free) market, economics, human behavior, simulation model

Abstract

This paper encourages the use of a computational model of Collective Intelligence as a major (meta-level) tool to analyze and predict behavior of socio-economical systems like free (or quasi-free) markets are. Researchers are aware, that economics is a study of human behavior, but lack of a proper formal tool has shifted research in economics into the language of money, production, consumption, etc. From an economic point of view, when analyzing free (quasi-free) markets, more important is group behavior than individual behavior because they result in changes of market indexes. Group behavior leads in specific cases to the emergence of “group intelligence” with the most famous case named “A. Smith invisible hand of market”. A computational model of Collective Intelligence allows for the formal extraction of the “system of inference processes” which run in an unconscious way in socio-economic structures. The construction of a proper formal and simulation model of such Collective Intelligence inferences allows us to take an attempt to predict outcomes in terms of economical results. The paper will present a formal basis, methodology of constructing Collective Intelligence systems for given socio-economic structures.

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Published

2012-12-23

How to Cite

Szuba, T., Szydło, S., & Skrzyński, P. (2012). Computational Model of Collective Intelligence for Meta-level Analysis and Prediction of Free or Quasi-free Market Economy. Decision Making in Manufacturing and Services, 6(1), 41–51. https://doi.org/10.7494/dmms.2012.6.1.41

Issue

Section

Articles
Received 2013-08-19
Accepted 2013-08-19
Published 2012-12-23