Thursday, February 10, 2011
Risk Uncertainty & Decision - RUD 2011 Conference
Incoming RUD 2011 site: http://sites.google.com/site/rudconference/
Tuesday, January 4, 2011
STANDING UPON SHOULDERS OF GIANTS- MORGERNSTERN'S LEGACY
Oskar Morgenstern was born in 1902, January 24th, in Görlitz, Germany. The beginning of the century in Europe, mainly in Austria, was remarkable with contest of inflationary, socialism, and fiscal policy problems in an uncertainty and without peace world. The threat and happen of World War I do not brought stabilized environment to economic and political policies.
With 23 years old, Morgenstern concluded his PhD on Political Science from University of Vienna (1925). He was influenced by Austrian School which emphasizes the power of price mechanism in contest with government influence on price system. Also, that School supported an opposition against Marxism Thought and socialist doctrines.
The Vienna Circle gathered philosophers, mathematicians, physicists, economists, and other intellectuals with applied logical positivism drawn from Ludwig Wittgenstein. In that atmosphere Morgenstern concluded his studies with emphasizes in speculation and economic prediction. As a Professor of University of Vienna (1929-38), in 1931 Morgenstern received the incumbency to succeed Friedrich August von Hayek, Nobel Prize in Economics in 1974, as director of Austrian Institute of Business Cycle Research.
Vienna, the capital of Austrian-Hungary Empire, and intellectual capital of Europe supporting different races, religious, political thoughts, musicians, literatures, and so one. The Vienna Colloquium run in 1930s presented many different minds from mathematics, physical sciences, philosophy, politics, statistics, and economics, reviving the general equilibrium theory from Lausanne School. With that perspective Morgenstern employed Abraham Wald in his institute and become one of the critics of Austrian Theory of Capital, even in the Cradle of Austrian School.
Summarizing, Morgenstern received the influence from Austrian School, Vienna Circle and Vienna Colloquium. So he was influenced by academics as Karl Menger, Karl Schlesinger, Abraham Wald, Gustav Bergman, Rudolf Carnap, Herbert Feigl, Philipp Frank, Kurt Gödel, Hans Hahn, Tscha Hung, Victor Kraft, Richard von Mises, Marcel Natkin, Otto Neurath, Olga Hahn-Neurath, Theodor Radakovic, Rose Rand, Friedrich Waismann, Ludwig Wittgenstein, and Edward Cech.
With these theoretical, epistemological and scientific supports we may consider two main points of research:
(i) speculation and economic prediction: from perfect foresight to strategic behavior evolving support to game theory and posterior contributions to finance with spectral analysis and test of the emerging random walk hypothesis; and
(ii) mathematical theory of expanding and contraction of economies and multi-sector growth model as minor field of study.
Morgenstern was found in his three years as a recipient fellowship, financed by Rockefeller Foundation during the Anschluss happened, union of Austria and Germany. Dismissed by nazi regime he joined to Princeton University (1938-1970), latter moved to New York University (1970-77), where he died.
During his period in Princeton he become member of Nassau Club and met intellectuals like Kurt Gödel, Albert Einstein, Niels Bohr, and Oswald Veblen.
Guided by Edward Cech to Zur Theorie der Gesellschaftspiele, written by John von Neumann in 1928, Morgenstern aggregate his knowledge of Frank H. Knight on uncertainty and strategic battle of Sherlock Holmes against Professor Moriarty as an important aspect to be developing von Neumann contribution in 1928.
Amongst his contributions to theory we consider influence and opportunities open to many scientists as Abraham Wald, who developed the Walras-Cassel system, expanded latter by Samuelson, Arrow, and Debreu.
On his collaboration with John von Neumann, read the paper The Collaboration Between Oskar Morgenstern and John von Neumann on the Theory of Games, by Oskar Morgenstern Source: Journal of Economic Literature, Vol. 14, No. 3, (Sep., 1976), pp. 805-816, Morgenstern is considered one of the fathers of Theory of Games.
No less important, Morgenstern invited Clive Granger to be a fellowship in the United States and work with him with spectral analysis in finance.
Although sometimes we attribute him minor role in theory of games this short note reveals us his decisive influence to economic theory. The famous book Theory of Games and Economic Behavior is still a landmark for Game Theorists and could be named Theory of Games and Economic Behavior by Oskar Morgenstern and John von Neumann. Also, call Expected Utility of Morgenstern and von Neumann as M-vN Utility.
STANDING UPON THE SHOULDERS OF GIANTS
Today, January 4th, 2011 we started the section STANDING UPON THE SHOULERS OF GIANTS
Isaac Newton: "If I have seen further [than certain other men] it is by standing upon the shoulders of giants." (substitute 'than certain other men' by 'than certain other scientists')
Galileo Galilei Johannes Kepler
Isaac Newton (1642–1727), Speaking of his dependency on Galileo’s and Kepler’s previous work in physics and astronomy.
Galileo Galilei Johannes Kepler
Springerlink: Advances in Mathematical Economics
A new book of Advances in Mathematical Economics book series edited by Shigeo KUSUOKA and Toru MARUYAMA.
LINK: http://www.springerlink.com/content/1866-2226/
LINK: http://www.springerlink.com/content/1866-2226/
Wednesday, December 29, 2010
Mathematics Taxonomy
1.0 Numbers and Computation
1.1 Number Concepts
1.2 Arithmetic
1.3 Patterns and Sequences
1.4 Measurement
2.0 Logic and Foundations
2.1 Logic
2.2 Set Theory
2.3 Computability and Decidability
2.4 Model Theory
3.0 Algebra and Number Theory
3.1 Algebra
3.2 Linear Algebra
3.3 Abstract Algebra
3.4 Number Theory
3.5 Category Theory
3.6 K-Theory
3.7 Homological Algebra
3.8 Modular Arithmetic
4.0 Discrete Mathematics
4.1 Cellular Automata
4.2 Combinatorics
4.3 Game Theory
4.4 Algorithms
4.5 Recursion
4.6 Graph Theory
4.7 Linear Programming
4.8 Order and Lattices
4.9 Theory of Computation
4.10 Chaos
5.0 Geometry and Topology
5.1 Geometric Proof
5.2 Plane Geometry
5.3 Solid Geometry
5.4 Analytic Geometry
5.5 Projective Geometry
5.6 Differential Geometry
5.7 Algebraic Geometry
5.8 Topology
5.9 Trigonometry
5.10 Fractal Geometry
6.0 Calculus
6.1 Single Variable
6.2 Several Variables
6.3 Advanced Calculus
6.4 Tensor Calculus
6.5 Calculus of Variations
6.6 Operational Calculus
7.0 Analysis
7.1 Real Analysis
7.2 Complex Analysis
7.3 Numerical Analysis
7.4 Integral Transforms
7.5 Signal Analysis
7.6 Functional Analysis
7.7 Harmonic Analysis
7.8 Global Analysis
8.0 Differential and Difference Equations
8.1 Ordinary Differential Equations
8.2 Partial Differential Equations
8.3 Difference Equations
8.4 Dynamical Systems
9.0 Statistics and Probability
9.1. Data Collection
9.2. Data Summary and Presentation
9.3. Statistical Inference and Techniques
9.4. Probability
10.0 Applied Mathematics
10.1 Mathematical Physics
10.2 Mathematical Economics
10.3 Mathematical Biology
10.4 Mathematics for Business
10.5 Engineering Mathematics
10.6 Mathematical Sociology
10.7 Mathematics for Social Sciences
10.8 Mathematics for Computer Science
10.9 Mathematics for Humanities
10.10 Consumer Mathematics
11.0 Mathematics History
11.1 General
11.2 Famous Problems
11.3 Biographies of Mathematicians
Economics Taxonomy
A - General Economics and Teaching
A1 - General Economics
A2 - Economic Education and Teaching of Economics
A3 - Collective Works
B - History of Economic Thought, Methodology, and Heterodox Approaches
B0 - General
B1 - History of Economic Thought through 1925
B2 - History of Economic Thought since 1925
B3 - History of Economic Thought: Individuals
B4 - Economic Methodology
B5 - Current Heterodox Approaches
C - Mathematical and Quantitative Methods
C0 - General
C1 - Econometric and Statistical Methods and Methodology: General
C2 - Single Equation Models; Single Variables
C3 - Multiple or Simultaneous Equation Models; Multiple Variables
C4 - Econometric and Statistical Methods: Special Topics
C5 - Econometric Modeling
C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
C7 - Game Theory and Bargaining Theory
C8 - Data Collection and Data Estimation Methodology; Computer Programs
C9 - Design of Experiments
D - Microeconomics
D0 - General
D1 - Household Behavior and Family Economics
D2 - Production and Organizations
D3 - Distribution
D4 - Market Structure and Pricing
D5 - General Equilibrium and Disequilibrium
D6 - Welfare Economics
D7 - Analysis of Collective Decision-Making
D8 - Information, Knowledge, and Uncertainty
D9 - Intertemporal Choice and Growth
E - Macroeconomics and Monetary Economics
E0 - General
E1 - General Aggregative Models
E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment
E3 - Prices, Business Fluctuations, and Cycles
E4 - Money and Interest Rates
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
F0 - General
F1 - Trade
F2 - International Factor Movements and International Business
F3 - International Finance
F4 - Macroeconomic Aspects of International Trade and Finance
F5 - International Relations and International Political Economy
G0 - General
G1 - General Financial Markets
G2 - Financial Institutions and Services
G3 - Corporate Finance and Governance
H0 - General
H1 - Structure and Scope of Government
H2 - Taxation, Subsidies, and Revenue
H3 - Fiscal Policies and Behavior of Economic Agents
H4 - Publicly Provided Goods
H5 - National Government Expenditures and Related Policies
H6 - National Budget, Deficit, and Debt
H7 - State and Local Government; Intergovernmental Relations
H8 - Miscellaneous Issues
I - Health, Education, and Welfare
I0 - General
I1 - Health
I2 - Education and Research Institutions
I3 - Welfare and Poverty
J0 - General
J1 - Demographic Economics
J2 - Demand and Supply of Labor
J3 - Wages, Compensation, and Labor Costs
J4 - Particular Labor Markets
J5 - Labor–Management Relations, Trade Unions, and Collective Bargaining
J6 - Mobility, Unemployment, and Vacancies
J7 - Labor Discrimination
J8 - Labor Standards: National and International
K - Law and Economics
K0 - General
K1 - Basic Areas of Law
K2 - Regulation and Business Law
K3 - Other Substantive Areas of Law
K4 - Legal Procedure, the Legal System, and Illegal Behavior
L0 - General
L1 - Market Structure, Firm Strategy, and Market Performance
L2 - Firm Objectives, Organization, and Behavior
L3 - Nonprofit Organizations and Public Enterprise
L4 - Antitrust Issues and Policies
L5 - Regulation and Industrial Policy
L6 - Industry Studies: Manufacturing
L7 - Industry Studies: Primary Products and Construction
L8 - Industry Studies: Services
L9 - Industry Studies: Transportation and Utilities
M0 - General
M1 - Business Administration
M2 - Business Economics
M3 - Marketing and Advertising
M4 - Accounting and Auditing
M5 - Personnel Economics
N - Economic History
N0 - General
N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations
N2 - Financial Markets and Institutions
N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
N4 - Government, War, Law, International Relations, and Regulation
N5 - Agriculture, Natural Resources, Environment, and Extractive Industries
N6 - Manufacturing and Construction
N7 - Transport, Trade, Energy, Technology, and Other Services
N8 - Micro-Business History
N9 - Regional and Urban History
O1 - Economic Development
O2 - Development Planning and Policy
O3 - Technological Change; Research and Development
O4 - Economic Growth and Aggregate Productivity
O5 - Economywide Country Studies
P0 - General
P1 - Capitalist Systems
P2 - Socialist Systems and Transitional Economies
P3 - Socialist Institutions and Their Transitions
P4 - Other Economic Systems
P5 - Comparative Economic Systems
Q0 - General
Q1 - Agriculture
Q2 - Renewable Resources and Conservation
Q3 - Nonrenewable Resources and Conservation
Q4 - Energy
Q5 - Environmental Economics
R0 - General
R1 - General Regional Economics
R2 - Household Analysis
R3 - Housing Markets, Production Analysis, and Firm Location
R4 - Transportation Systems
R5 - Regional Government Analysis
Y - Miscellaneous Categories
Y1 - Data: Tables and Charts
Y2 - Introductory Material
Y3 - Book Reviews (unclassified)
Y4 - Dissertations (unclassified)
Y5 - Further Reading (unclassified)
Y6 - Excerpts
Y7 - No Author General Discussions
Y8 - Related Disciplines
Y9 - Other
Z0 - General
Z1 - Cultural Economics; Economic Sociology; Economic Anthropology
Tuesday, December 28, 2010
INCOMING CONFERENCES FROM INOMICS
Posted: 12/22/2010 Start date: 05/30/2011 Deadline for paper submissions: 02/15/2011
Industrial Organization: Theory, Empirics and Experiments on June 23, 2011 in Otranto (Lecce), Italy
Posted: 12/15/2010 Start date: 06/23/2011 Deadline for paper submissions: 02/28/2011
Posted: 12/14/2010 Start date: 06/14/2011 Deadline for paper submissions: 03/30/2011
Posted: 12/13/2010 Start date: 09/29/2011 Deadline for paper submissions: 04/30/2011
Posted: 12/09/2010 Start date: 07/13/2011 Deadline for paper submissions: 03/04/2011
Posted: 11/24/2010 Start date: 07/18/2011 Deadline for paper submissions: 01/31/2011
Posted: 11/24/2010 Start date: 06/29/2011 Deadline for paper submissions: 01/31/2011
Posted: 11/23/2010 Start date: 06/02/2011 Deadline for paper submissions: 04/30/2011
Posted: 11/20/2010 Start date: 06/28/2011 Deadline for paper submissions: 04/15/2011
Posted: 11/19/2010 Start date: 04/14/2011 Deadline for paper submissions: 02/13/2011
Posted: 11/17/2010 Start date: 06/26/2011 Deadline for paper submissions: 02/01/2011
Posted: 11/09/2010 Start date: 05/26/2011 Deadline for paper submissions: 02/15/2011
Posted: 11/02/2010 Start date: 05/12/2011 Deadline for paper submissions: 02/18/2011
Posted: 10/30/2010 Start date: 05/26/2011 Deadline for paper submissions: 02/06/2011
Posted: 10/27/2010 Start date: 01/28/2011 Deadline for paper submissions: 01/28/2011
Subscribe to:
Posts (Atom)