Decision Economics: In the Tradition of Herbert A. Simon's Heritage: Distributed Computing and Artificial Intelligence, 14th International Conference
by Edgardo Bucciarelli (Editor), Shu-Heng Chen (Editor), Juan M. Corchado (Editor)

About the editor
Edgardo Bucciarelli, Department of Philosophical, Pedagogical, and Economic-Quantitative Sciences, Section of Economics and Quantitative Methods, University of Chieti-Pescara, Pescara, Italy
Shu-Heng Chen, Department of Economics, National Chengchi University
Juan M. Corchado, Departamento de Informática y Automática, Universidad de Salamanca, Salamanca, Spain

About this book
The special session on Decision Economics (DECON) is a scientific forum held annually and intended to share ideas, projects, research results, models and experiences associated with the complexity of behavioural decision processes and socio‐economic phenomena. DECON 2017 was held at the Polytechnic of Porto, ISEP, Portugal, as part of the 14th International Conference on Distributed Computing and Artificial Intelligence.
For the second consecutive year, the Editors of this book have drawn inspiration from Herbert A. Simon’s immense body of work and argue that Simon precipitated something akin to a revolution in microeconomics focused on the concept of decision‐making. Further, it is worth noting that the recognition of relevant decision‐making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, small and international business management, operations, and production. Therefore, decision‐making issues are of fundamental importance in all branches of economics addressed both deductively and inductively.
Not surprisingly, the study of decision‐making has seen growing empirical research efforts in the economic literature over the last sixty years and, more recently, a variety of insightful cutting‐edge experimental, behavioural and computational approaches. Additionally, the awareness regarding generalizations and reductions to express economic concepts has led, on the one hand, to an increasing risk of spreading the language of mathematics as a rhetorical tool and, on the other hand, to an oversimplification and overlooking of some crucial details, especially when it comes to human decisions and, hence, economic behaviour. That awareness, however, has helped to produce an extraordinary volume of empirical research aimed at discovering how economic agents cope with complex decisions.
In this sense, the international scientific community acknowledges Herbert A. Simon’s research endeavours to understand the processes involved in economic decision‐making and their implications for the advancement of economic professions. Within the field of decision‐making, indeed, Simon’s rejection of the standard decision‐making models used in neoclassical economics inspired social scientists worldwide to develop research programmes in order to study decision‐making empirically. The main achievements concern decision‐making for individuals, firms, markets, governments, institutions, and, last but not least, science and research.

Table of contents

• The Bayesian Cost–Effectiveness Decision Problem
• Evaluation of Scientific Production Without Using Bibliometric Indicators: Decision-Making on a Priori Criteria
• Information Aggregation in Big Data: Wisdom of Crowds or Stupidity of Herds
• Designing and Programming a Graphical Interface to Evaluate Treatments in Economics Experiments
• A Decision Framework for Understanding Data-Aware Business Process Models
• Cluster Analysis as a Decision-Making Tool: A Methodological Review
• Similar Patterns of Cultural and Creative Industries. A Preliminary Analysis Based on Self-Organized-Map to the Italian Case
• Understanding Bruno de Finetti’s Decision Theory: A Basic Algorithm to Support Decision-Making Behaviour
• FOREX Trading Strategy Optimization
• Looking for Regional Convergence: Evidence from the Italian Case with Multivariate Adaptive Regression Splines
• Information Manipulation and Web Credibility
• A Data Mining Analysis of the Chinese Inland-Coastal Inequality
• The Cognitive Determinants of Social Capital. Does Culture Matter?
• A Unified Framework for Multicriteria Evaluation of Intangible Capital Assets Inside Organizations
• Processing and Analysing Experimental Data Using a Tensor-Based Method: Evidence from an Ultimatum Game Study
• The Mediating Effect of the Absorptive Capacity in the International Entrepreneurial Orientation of Family Firms
  

Series: Advances in Intelligent Systems and Computing (Book 618)
Length: 143 pages
Publisher: Springer; 1st ed. 2018 edition (July 31, 2017)
Language: English
ISBN-10: 3319608819
ISBN-13: 978-3319608815