CAMREC: Could we propose an 'Economic Turing Test'?

From: the Campaign for Real Economics (camrec@mmu.ac.uk)
Date: Tue Jul 06 1999 - 16:39:29 BST


Date: Tue, 06 Jul 1999 16:39:29 +0100
Message-Id: <199907061539.QAA18809@alpheratz.cpm.aca.mmu.ac.uk>
To: bogus
From: camrec@mmu.ac.uk (the Campaign for Real Economics)
Subject: CAMREC: Could we propose an 'Economic Turing Test'?
In-Reply-To: <CAMREC: GAs and NNs are just as bad as optimisation!>


Message-Id: <199907061539.QAA18809@alpheratz.cpm.aca.mmu.ac.uk>
To: CAMREC list members <camrec@mmu.ac.uk>
From: the Campaign for Real Economics <camrec@mmu.ac.uk>
Date: Tue, 06 Jul 1999 16:39:29 +0100
Subject: CAMREC: Could we propose an 'Economic Turing Test'?

Just a thought, could we devise some task with a prize for the best
model that would pass an economic version of a Turing Test?

e.g. Humans have to distinguish whether the entity they are interacting
with (economically) is a human or a computer model - the task could be
acting as a trader in something (shares, gold, futures?). A successful
model woudl have to fool 80% of the people interacting with it that it
was human.

This would be great for focussing attention away from models of ideally
rational agents (in different ways) and towards descriptively accurate
models of (a particular case of) human economic rationality.

Any ideas?

Regards.

--------------------------------------------------
Bruce Edmonds,
Centre for Policy Modelling,
Manchester Metropolitan University, Aytoun Bldg.,
Aytoun St., Manchester, M1 3GH. UK.
Tel: +44 161 247 6479 Fax: +44 161 247 6802
http://www.cpm.mmu.ac.uk/~bruce



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