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CFP: Economics in the Era of Natural Computationalism and Big Data

There will be a Cosmos + Taxis sponsored panel so please submit your proposals to C+T’s editor David Emanuel Andersson. agent-based simulationArtificial intelligenceBehavioral economicscomplexitycomputational economicscomputational intelligencecosmos & taxisdata scienceeconometricsEconomicsexperimental economicsFriedrich Hayekhistory of economicsneuroeconomicson- line gaming experimentspolitical economySelf-organization

Risky business

A new article in the latest issue of the PNAS entitled “Predicting risky choices from brain activity patterns“ (h/t to Shannon Selin). This study reminds me of Daniel Kahneman and Amos Tversky’s work: Prospect theory concerns the psychophysics of wealth utility: that is, the perceived tradeoffs between potential outcomes and the probability of some outcome occurring. Kahneman…