Why and How Humans Trade, Predict, Aggregate, and Innovate

Why and How Humans Trade, Predict, Aggregate, and Innovate PDF Author: Maurizio Bovi
Publisher: Springer Nature
ISBN: 3030938859
Category : Business & Economics
Languages : en
Pages : 195

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Book Description
Trading, forecasting, aggregating, and innovating (the Four) are key social interactions in human life at both the individual and aggregate levels. They are part of the human fabric because they stem from mankind’s peculiarities—heterogeneity, inclination to forecast, sociality, and inventiveness. But humans have multifaceted behavior, too. They are capable of having contradictory impulses towards one another, integrating and disintegrating as well as cooperating and dominating, and behaving prosocially and anti-socially. Hence, humans need to organize themselves in order to maintain, improve, and extend their social interactions as well as a safe and ordered life. Crucial intersections emerge naturally—the efficiency of humans’ way of tackling the Four is a joint product of economic systems, institutions, and behaviors. All told, the main idea of this book is to include in a single tour a collection of insights on why and how humans implement the Four. The narrative highlights several connections as well as how key these businesses are as the traveler is escorted through some Four-related behavioral problems and institutional solutions that humans have been, respectively, facing and elaborating over time. Economics students may exploit this book by both inserting what they are learning from textbooks into a wider framework and enjoying some of the hints revealed by the grand social theorizing of giants such as A. Smith and J. Schumpeter. But the proposed tour may also attract outsiders to economics who are curious about disparate economic themes linked to the Four but who wish to gain an overview without engaging in longer readings.

Why and How Humans Trade, Predict, Aggregate, and Innovate

Why and How Humans Trade, Predict, Aggregate, and Innovate PDF Author: Maurizio Bovi
Publisher: Springer Nature
ISBN: 3030938859
Category : Business & Economics
Languages : en
Pages : 195

Get Book Here

Book Description
Trading, forecasting, aggregating, and innovating (the Four) are key social interactions in human life at both the individual and aggregate levels. They are part of the human fabric because they stem from mankind’s peculiarities—heterogeneity, inclination to forecast, sociality, and inventiveness. But humans have multifaceted behavior, too. They are capable of having contradictory impulses towards one another, integrating and disintegrating as well as cooperating and dominating, and behaving prosocially and anti-socially. Hence, humans need to organize themselves in order to maintain, improve, and extend their social interactions as well as a safe and ordered life. Crucial intersections emerge naturally—the efficiency of humans’ way of tackling the Four is a joint product of economic systems, institutions, and behaviors. All told, the main idea of this book is to include in a single tour a collection of insights on why and how humans implement the Four. The narrative highlights several connections as well as how key these businesses are as the traveler is escorted through some Four-related behavioral problems and institutional solutions that humans have been, respectively, facing and elaborating over time. Economics students may exploit this book by both inserting what they are learning from textbooks into a wider framework and enjoying some of the hints revealed by the grand social theorizing of giants such as A. Smith and J. Schumpeter. But the proposed tour may also attract outsiders to economics who are curious about disparate economic themes linked to the Four but who wish to gain an overview without engaging in longer readings.

Contemporary Macroeconomics

Contemporary Macroeconomics PDF Author: Vasilii Erokhin
Publisher: Springer Nature
ISBN: 9811995427
Category : Business & Economics
Languages : en
Pages : 945

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Book Description
This book covers a lot of ground in contemporary macroeconomics, from fundamental theories such as market structures and equilibrium to emerging concepts that reflect the most critical challenges of modern times, including economic slowdowns, the resilience of public health systems, digitalization, environmental footprints, and many more. The COVID-19 outbreak has aggravated the recurrent problems of poverty and income inequality between countries, food insecurity and hunger, unemployment, and social disorders that have resulted in the exacerbation of political, economic, and trade tensions between countries. In view of the damaging consequences of the pandemic for the entire global economy, the book examines how existing macroeconomic tools and policies could be adapted to the new normal to ensure sustainable post-pandemic development and growth. The main text is interspersed with real-life illustrations and cases that demonstrate practical implications of the concepts under study. This makes the reading relevant and active. Every chapter starts with learning objectives and ends with a series of questions and quizzes that enable easier reinforcement of the course content. This book is written mainly for students, but it would be much useful to the broader public audience, including postgraduates, researchers, and business people who will be able to learn all recent updates about macroeconomics and the post-pandemic perspectives of the global economy.

Globalization, Economic Growth and Innovation Dynamics

Globalization, Economic Growth and Innovation Dynamics PDF Author: Paul J.J. Welfens
Publisher: Springer Science & Business Media
ISBN: 3662038137
Category : Business & Economics
Languages : en
Pages : 214

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Book Description
In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic catching-up, respectively. Theoretical analysis suggests key ingredients of sustained growth, but there is also a new concept of a long-term equilibrium income gap in which convergence is rather unlikely. The analysis also picks up European and US labor market issues in the context of economic globalization and raises the question of which EU policies in the field of labor market reform and of innovation policies are adequate.

Competition, Strategy, and Innovation

Competition, Strategy, and Innovation PDF Author: Rafał Śliwiński
Publisher: Routledge
ISBN: 1000476995
Category : Business & Economics
Languages : en
Pages : 149

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Book Description
Understanding the latest trends and technologies and their impact on enterprises, organizations or state administrations is essential to successfully develop a business in the age of Industry 4.0. This book presents a unique selection of topics and offers the reader an understanding of the implications of the newest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Augmented Reality (AR) and new trends like social media and sustainable competitiveness in business. It presents the impact of the newest trends on businesses, consumers, and the result on the economy. Contributions showcase the technical perspective of new technologies and provides an innovative and enriching perspective on the implementation of AI in e-commerce and the developmental barriers it can create, modern social media usage in enterprises, the newest trends in innovation management, sustainable competitiveness in the business context, the influence and effect of augmented reality, and the privacy problem of Internet of Things to consumers. This book illustrates how to develop innovation cooperation between business, academia and public institutions through the example of biopharmaceutical industry. It will be of value to researchers, academics, professionals, and students in the fields of economics, management, international business.

Handbook of Research on Artificial Intelligence, Innovation and Entrepreneurship

Handbook of Research on Artificial Intelligence, Innovation and Entrepreneurship PDF Author: Elias G Carayannis
Publisher: Edward Elgar Publishing
ISBN: 1839106751
Category : Business & Economics
Languages : en
Pages : 475

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Book Description
The Handbook of Research on Artificial Intelligence, Innovation and Entrepreneurship focuses on theories, policies, practices, and politics of technology innovation and entrepreneurship based on Artificial Intelligence (AI). It examines when, where, how, and why AI triggers, catalyzes, and accelerates the development, exploration, exploitation, and invention feeding into entrepreneurial actions that result in innovation success.

Innovation Networks

Innovation Networks PDF Author: Andreas Pyka
Publisher: Springer Science & Business Media
ISBN: 3540922679
Category : Business & Economics
Languages : en
Pages : 333

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Book Description
The science of graphs and networks is now an established tool for modeling and analyzing systems with a large number of interacting components. The contributions to this anthology address different aspects of the relationship between innovation and networks.

The Fourth Industrial Revolution

The Fourth Industrial Revolution PDF Author: Klaus Schwab
Publisher: Crown Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 194

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Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

Leveraging Digital Innovation

Leveraging Digital Innovation PDF Author: Christoph Burger
Publisher: Ubiquity Press
ISBN: 1914481534
Category : Business & Economics
Languages : en
Pages : 139

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Book Description
Digital technologies offer unprecedented opportunities for organizations to realize efficiency gains and explore new lines of business. However, their integration into existing corporate structures and routines hardly materializes without frictions and the need for organizational adaptation. This collection of corporate narratives assembles best practice cases of companies – ranging from startups to multinational players and Hidden Champions – that have successfully managed to implement and leverage these innovations. Ten distinct use cases focus on three disruptive technologies, Artificial Intelligence, Blockchain and Robotic Process Automation. Interviews with practitioners address hurdles they encountered, and ways how to gain strategic support of key stakeholders within the organization. The ambition of this compilation is to describe concrete initiatives and derive insights from the experience of implementing disruptive technologies in a given corporate context. It highlights the advantages and potential pitfalls of differing pathways of implementation, including an internal setup with centers of excellence sharing their expertise with business units, the move towards an ambidextrous organization, and joint ventures with niche players in the larger innovation ecosystem. Based on their aggregated experience, this book provides a roadmap for executives how to become agents of change and implement digital transformation in their organizations. For the academic audience, the testimonials of practitioners offer ethnographic insights that depict the complexity of actual corporate change initiatives within a context of uncertainty and mimetic isomorphism.

International Trade

International Trade PDF Author: Jitendralal Borkakoti
Publisher: Bloomsbury Publishing
ISBN: 1349270148
Category : Business & Economics
Languages : en
Pages : 617

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Book Description
A rigorous and comprehensive text dealing primarily with the determinants of the pattern of trade gains from trade and trade policy. Spanning the old theories (the Ricardian hypothesis, the static and dynamic Heckscher-Ohlin model, the neofactor proportions and the neotechnology theories) it also contains the new theories (including various models of intra-industry trade and the dynamic models of endogenous growth and trade). Gains from trade and trade policy issues are comprehensively analysed. The various theories are presented verbally, geometrically and mathematically.

Innovation and Growth in the Global Economy

Innovation and Growth in the Global Economy PDF Author: Gene M. Grossman
Publisher: MIT Press
ISBN: 9780262570978
Category : Business & Economics
Languages : en
Pages : 380

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Book Description
Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents. Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.