Titlebook: Limits of Economic and Social Knowledge; Stephen J. DeCanio Book 2014 Palgrave Macmillan, a division of Macmillan Publishers Limited 2014

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Stephen J. DeCaniocertain analytical tasks, but their lack of explanation continues to breed distrust. Because the majority of existing AI systems are incomprehensible and opaque, it is unlikely that AI technologies will be properly exploited and incorporated into standard clinical practice. We begin by discussing th

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Stephen J. DeCaniolts and output produced by machine learning (ML) approaches. XAI is employed for describing the AI model, its expected impact, and potential biases. At the same time, Internet of Healthcare Things (IoHT) has become a hot research topic in the healthcare sector which assist in the disease diagnostic

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Materialism, Determinism, and Economics: An Overview,other social sciences have taken a wrong turn. The world of inanimate matter is the purview of the natural sciences, but carrying a materialist orientation over to the study of the human and social realms sets off a cascading series of oversimplifications, misconceptions, and outright fallacies that

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Consequences of Computational Limits,nomics is the most concerned with the activities and institutions that influence the material aspects of human culture: the standard of living, production, investment, innovation, consumption, prices, and markets. In addition, more than any of the other social sciences, economics has emulated the na

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Simulating Simple Societies,nces for what we can aspire to understand about individual behavior, this insight has implications for how we approach the study of human society. Like formal axiomatic systems, human behavior and human societies will exhibit both regularities and regions that are epis-temologically inaccessible. At

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Economics, Behaviorism, and Utilitarianism,storical and methodological. To be described mathematically, individual behavior has to be expressed through a functional form that converts the consumption or uses of ‘goods’ to a numerical measure of satisfaction — well-being or ‘utility.’ Cognitive processes are reduced to calculations of how to

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A Case Study and Cautionary Tale: Climate Policy,ouched largely in economic terms, economic arguments have not been sufficient to bring about a consensus. The Kyoto Protocol is winding down without any successor agreement. Kyoto itself has been a failure — the most significant signatories have not fulfilled the commitments agreed to under it, the

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Politics and Governance,in constrained maximization. For example, making a decision between current consumption and current investment (i.e., between current and future consumption) leads to the Hamiltonian formalism of capital theory as described in detail by Weitzman (2003).. Single-agent economies (or societies) can be