Comprehensive Review of Deep Reinforcement Learning Methods and Applications in Economics

Comprehensive Review of Deep Reinforcement Learning Methods and Applications in Economics PDF Author: Amir Mosavi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The popularity of deep reinforcement learning (DRL) methods in economics have been exponentially increased. DRL, through a wide range of capabilities from reinforcement learning (RL) to deep learning (DL), offers vast opportunities for handling sophisticated economics dynamic systems. DRL is characterized by scalability with the potential to be applied to high-dimensional problems in conjunction with noisy and nonlinear patterns of economic data. In this paper, we initially consider a brief review of DL, RL, and deep RL methods in diverse applications in economics, providing an in-depth insight into state of the art. Furthermore, the architecture of DRL applied to economic applications is investigated in order to highlight the complexity, robustness, accuracy, performance, computational tasks, risk constraints, and profitability. The survey results indicate that DRL can provide better performance and higher efficiency as compared to the traditional algorithms while facing real economic problems at the presence of risk parameters and the ever-increasing uncertainties.

Comprehensive Review of Deep Reinforcement Learning Methods and Applications in Economics

Comprehensive Review of Deep Reinforcement Learning Methods and Applications in Economics PDF Author: Amir Mosavi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description
The popularity of deep reinforcement learning (DRL) methods in economics have been exponentially increased. DRL, through a wide range of capabilities from reinforcement learning (RL) to deep learning (DL), offers vast opportunities for handling sophisticated economics dynamic systems. DRL is characterized by scalability with the potential to be applied to high-dimensional problems in conjunction with noisy and nonlinear patterns of economic data. In this paper, we initially consider a brief review of DL, RL, and deep RL methods in diverse applications in economics, providing an in-depth insight into state of the art. Furthermore, the architecture of DRL applied to economic applications is investigated in order to highlight the complexity, robustness, accuracy, performance, computational tasks, risk constraints, and profitability. The survey results indicate that DRL can provide better performance and higher efficiency as compared to the traditional algorithms while facing real economic problems at the presence of risk parameters and the ever-increasing uncertainties.

Data Science for Economics and Finance

Data Science for Economics and Finance PDF Author: Sergio Consoli
Publisher: Springer Nature
ISBN: 3030668916
Category : Application software
Languages : en
Pages : 357

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Book Description
This open access book covers the use of data science, including advanced machine learning, big data analytics, Semantic Web technologies, natural language processing, social media analysis, time series analysis, among others, for applications in economics and finance. In addition, it shows some successful applications of advanced data science solutions used to extract new knowledge from data in order to improve economic forecasting models. The book starts with an introduction on the use of data science technologies in economics and finance and is followed by thirteen chapters showing success stories of the application of specific data science methodologies, touching on particular topics related to novel big data sources and technologies for economic analysis (e.g. social media and news); big data models leveraging on supervised/unsupervised (deep) machine learning; natural language processing to build economic and financial indicators; and forecasting and nowcasting of economic variables through time series analysis. This book is relevant to all stakeholders involved in digital and data-intensive research in economics and finance, helping them to understand the main opportunities and challenges, become familiar with the latest methodological findings, and learn how to use and evaluate the performances of novel tools and frameworks. It primarily targets data scientists and business analysts exploiting data science technologies, and it will also be a useful resource to research students in disciplines and courses related to these topics. Overall, readers will learn modern and effective data science solutions to create tangible innovations for economic and financial applications.

Reinforcement Learning Algorithms: Analysis and Applications

Reinforcement Learning Algorithms: Analysis and Applications PDF Author: Boris Belousov
Publisher: Springer Nature
ISBN: 3030411885
Category : Technology & Engineering
Languages : en
Pages : 197

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Book Description
This book reviews research developments in diverse areas of reinforcement learning such as model-free actor-critic methods, model-based learning and control, information geometry of policy searches, reward design, and exploration in biology and the behavioral sciences. Special emphasis is placed on advanced ideas, algorithms, methods, and applications. The contributed papers gathered here grew out of a lecture course on reinforcement learning held by Prof. Jan Peters in the winter semester 2018/2019 at Technische Universität Darmstadt. The book is intended for reinforcement learning students and researchers with a firm grasp of linear algebra, statistics, and optimization. Nevertheless, all key concepts are introduced in each chapter, making the content self-contained and accessible to a broader audience.

Deep Reinforcement Learning: Emerging Trends in Macroeconomics and Future Prospects

Deep Reinforcement Learning: Emerging Trends in Macroeconomics and Future Prospects PDF Author: Tohid Atashbar
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 32

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Book Description
The application of Deep Reinforcement Learning (DRL) in economics has been an area of active research in recent years. A number of recent works have shown how deep reinforcement learning can be used to study a variety of economic problems, including optimal policy-making, game theory, and bounded rationality. In this paper, after a theoretical introduction to deep reinforcement learning and various DRL algorithms, we provide an overview of the literature on deep reinforcement learning in economics, with a focus on the main applications of deep reinforcement learning in macromodeling. Then, we analyze the potentials and limitations of deep reinforcement learning in macroeconomics and identify a number of issues that need to be addressed in order for deep reinforcement learning to be more widely used in macro modeling.

Handbook of Production Economics

Handbook of Production Economics PDF Author: Subhash C. Ray
Publisher: Springer Nature
ISBN: 9811034559
Category : Business & Economics
Languages : en
Pages : 1797

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Book Description
This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.

Deep Reinforcement Learning

Deep Reinforcement Learning PDF Author: Hao Dong
Publisher: Springer Nature
ISBN: 9811540950
Category : Computers
Languages : en
Pages : 526

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Book Description
Deep reinforcement learning (DRL) is the combination of reinforcement learning (RL) and deep learning. It has been able to solve a wide range of complex decision-making tasks that were previously out of reach for a machine, and famously contributed to the success of AlphaGo. Furthermore, it opens up numerous new applications in domains such as healthcare, robotics, smart grids and finance. Divided into three main parts, this book provides a comprehensive and self-contained introduction to DRL. The first part introduces the foundations of deep learning, reinforcement learning (RL) and widely used deep RL methods and discusses their implementation. The second part covers selected DRL research topics, which are useful for those wanting to specialize in DRL research. To help readers gain a deep understanding of DRL and quickly apply the techniques in practice, the third part presents mass applications, such as the intelligent transportation system and learning to run, with detailed explanations. The book is intended for computer science students, both undergraduate and postgraduate, who would like to learn DRL from scratch, practice its implementation, and explore the research topics. It also appeals to engineers and practitioners who do not have strong machine learning background, but want to quickly understand how DRL works and use the techniques in their applications.

Business Intelligence

Business Intelligence PDF Author: Mohamed Fakir
Publisher: Springer Nature
ISBN: 3031064585
Category : Computers
Languages : en
Pages : 301

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Book Description
This book constitutes the proceedings of the 7th International Conference on Business Intelligence, CBI 2022, which took place in Khouribga, Morocco, during May 26-28, 2022. The 23 full papers included in this book were carefully reviewed and selected from a total of 68 submissions. They were organized in topical sections as follows: decision support and artificial intelligence; business intelligence and database; and optimization and dynamic programming.

A Review of Recent Advancements in Deep Reinforcement Learning

A Review of Recent Advancements in Deep Reinforcement Learning PDF Author: Artur Sahakjan
Publisher: GRIN Verlag
ISBN: 3668765006
Category : Computers
Languages : en
Pages : 84

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Book Description
Bachelor Thesis from the year 2018 in the subject Computer Science - Commercial Information Technology, grade: 1.0, University of Duisburg-Essen, language: English, abstract: Reinforcement learning is a learning problem in which an actor has to behave optimally in its environment. Deep learning methods, on the other hand, are a subclass of representation learning, which in turn focuses on extracting the necessary features for the task (e.g. classification or detection). As such, they serve as powerful function approximators. The combination of those two paradigm results in deep reinforcement learning. This thesis gives an overview of the recent advancement in the field. The results are divided into two broad research directions: value-based and policy-based approaches. This research shows several algorithms from those directions and how they perform. Finally, multiple open research questions are addressed and new research directions are proposed.

Artificial Intelligent Techniques for Wireless Communication and Networking

Artificial Intelligent Techniques for Wireless Communication and Networking PDF Author: R. Kanthavel
Publisher: John Wiley & Sons
ISBN: 1119821789
Category : Computers
Languages : en
Pages : 388

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Book Description
ARTIFICIAL INTELLIGENT TECHNIQUES FOR WIRELESS COMMUNICATION AND NETWORKING The 20 chapters address AI principles and techniques used in wireless communication and networking and outline their benefit, function, and future role in the field. Wireless communication and networking based on AI concepts and techniques are explored in this book, specifically focusing on the current research in the field by highlighting empirical results along with theoretical concepts. The possibility of applying AI mechanisms towards security aspects in the communication domain is elaborated; also explored is the application side of integrated technologies that enhance AI-based innovations, insights, intelligent predictions, cost optimization, inventory management, identification processes, classification mechanisms, cooperative spectrum sensing techniques, ad-hoc network architecture, and protocol and simulation-based environments. Audience Researchers, industry IT engineers, and graduate students working on and implementing AI-based wireless sensor networks, 5G, IoT, deep learning, reinforcement learning, and robotics in WSN, and related technologies.

Analytics in Finance and Risk Management

Analytics in Finance and Risk Management PDF Author: Nga Thi Hong Nguyen
Publisher: CRC Press
ISBN: 1003808581
Category : Technology & Engineering
Languages : en
Pages : 397

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Book Description
This book presents contemporary issues and challenges in finance and risk management in a time of rapid transformation due to technological advancements. It includes research articles based on financial and economic data and intends to cover the emerging role of analytics in financial management, asset management, and risk management. Analytics in Finance and Risk Management covers statistical techniques for data analysis in finance It explores applications in finance and risk management, covering empirical properties of financial systems. It addresses data science involving the study of statistical and computational models and includes basic and advanced concepts. The chapters incorporate the latest methodologies and challenges facing financial and risk management and illustrate related issues and their implications in the real world. The primary users of this book will include researchers, academicians, postgraduate students, professionals in engineering and business analytics, managers, consultants, and advisors in IT firms, financial markets, and services domains.