02893nam 22005415 450 991048456000332120251113190744.03-030-49728-310.1007/978-3-030-49728-6(CKB)4100000011372905(MiAaPQ)EBC6281974(DE-He213)978-3-030-49728-6(PPN)25021489X(EXLCZ)99410000001137290520200805d2021 u| 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierBehavioral Predictive Modeling in Economics /edited by Songsak Sriboonchitta, Vladik Kreinovich, Woraphon Yamaka1st ed. 2021.Cham :Springer International Publishing :Imprint: Springer,2021.1 online resource (445 pages)Studies in Computational Intelligence,1860-9503 ;8973-030-49727-5 Introduction -- Behavioral Predictive Modeling in Economics -- Conclusion.This book presents both methodological papers on and examples of applying behavioral predictive models to specific economic problems, with a focus on how to take into account people's behavior when making economic predictions. This is an important issue, since traditional economic models assumed that people make wise economic decisions based on a detailed rational analysis of all the relevant aspects. However, in reality – as Nobel Prize-winning research has shown – people have a limited ability to process information and, as a result, their decisions are not always optimal. Discussing the need for prediction-oriented statistical techniques, since many statistical methods currently used in economics focus more on model fitting and do not always lead to good predictions, the book is a valuable resource for researchers and students interested in the latest results and challenges and for practitioners wanting to learn how to use state-of-the-art techniques. .Studies in Computational Intelligence,1860-9503 ;897Computational intelligenceEconometricsComputational IntelligenceQuantitative EconomicsComputational intelligence.Econometrics.Computational Intelligence.Quantitative Economics.330.015195Songsak Sriboonchittaedthttp://id.loc.gov/vocabulary/relators/edtKreinovich Vladikedthttp://id.loc.gov/vocabulary/relators/edtYamaka Woraphonedthttp://id.loc.gov/vocabulary/relators/edtMiAaPQMiAaPQMiAaPQBOOK9910484560003321Behavioral Predictive Modeling in Economics2842392UNINA