Neural networks have had considerable success in a variety of disciplines including engineering, control, and financial modelling. However a major weakness is the lack of established procedures for testing mis-specified models and the statistical significance of the various parameters which have been estimated. This is particularly important in the majority of financial applications where the data generating processes are dominantly stochastic and only partially deterministic. Based on the latest, most significant developments in estimation theory, model selection and the theory of mis-specified models, this volume develops neural networks into an advanced financial econometrics tool for non-parametric modelling. It provides the theoretical framework required, and displays the efficient use of neural networks for modelling complex financial phenomena. Unlike most other books in this area, this one treats neural networks as statistical devices for non-linear, non-parametric regression analysis.

The two-volume set LNCS 2686 and LNCS 2687 constitute the refereed proceedings of the 7th International Work-Conference on Artificial and Natural Neural Networks, IWANN 2003, held in Maó, Menorca, Spain in June 2003. The 197 revised papers presented were carefully reviewed and selected for inclusion in the book and address the following topics: mathematical and computational methods in neural modelling, neurophysiological data analysis and modelling, structural and functional models of neurons, learning and other plasticity phenomena, complex systems dynamics, cognitive processes and artificial intelligence, methodologies for net design, bio-inspired systems and engineering, and applications in a broad variety of fields.

The 8th Ibero-American Conference on Artificial Intelligence, IBERAMIA 2002, took place in Spain for the second time in 14 years; the first conference was organized in Barcelona in January 1988. The city of Seville hosted this 8th conference, giving the participants the opportunity of enjoying the richness of its historical and cultural atmosphere. Looking back over these 14 years, key aspects of the conference, such as its structure, organization, the quantity and quality of submissions, the publication policy, and the number of attendants, have significantly changed. Some data taken from IBERAMIA’88 and IBERAMIA 2002 may help to illustrate these changes. IBERAMIA’88 was planned as an initiative of three Ibero-American AI associations: the Spanish Association for AI (AEPIA), the Mexican Association for AI (SMIA), and the Portuguese Association for AI (APIA). The conference was organized by the AEPIA staff, including the AEPIA president, José Cuena, the secretary, Felisa Verdejo, and other members of the AEPIA board. The proceedings of IBERAMIA’88 contain 22 full papers grouped into six areas: knowledge representation and reasoning, learning, AI tools, expert systems, language, and vision. Papers were written in the native languages of the participants: Spanish, Portuguese, and Catalan. Twenty extended abstracts describing ongoing projects were also included in the proceedings.

"This book covers the current state-of-the-art theories and applications of neural networks with high-dimensional parameters"--Provided by publisher.

"This book confronts the problem of meaning by fusing together methods specific to different fields and exploring the computational efficiency and scalability of these methods"--Provided by publisher.

Connectionist Models of Learning, Development and Evolution comprises a selection of papers presented at the Sixth Neural Computation and Psychology Workshop - the only international workshop devoted to connectionist models of psychological phenomena. With a main theme of neural network modelling in the areas of evolution, learning, and development, the papers are organized into six sections: The neural basis of cognition Development and category learning Implicit learning Social cognition Evolution Semantics Covering artificial intelligence, mathematics, psychology, neurobiology, and philosophy, it will be an invaluable reference work for researchers and students working on connectionist modelling in computer science and psychology, or in any area related to cognitive science.

This book aims to answer two questions that are fundamental to the study of agent-based economic models: what is agent-based computational economics and why do we need agent-based economic modelling of economy? This book provides a review of the development of agent-based computational economics (ACE) from a perspective on how artificial economic agents are designed under the influences of complex sciences, experimental economics, artificial intelligence, evolutionary biology, psychology, anthropology and neuroscience. This book begins with a historical review of ACE by tracing its origins. From a modelling viewpoint, ACE brings truly decentralized procedures into market analysis, from a single market to the whole economy. This book also reviews how experimental economics and artificial intelligence have shaped the development of ACE. For the former, the book discusses how ACE models can be used to analyse the economic consequences of cognitive capacity, personality and cultural inheritance. For the latter, the book covers the various tools used to construct artificial adaptive agents, including reinforcement learning, fuzzy decision rules, neural networks, and evolutionary computation. This book will be of interest to graduate students researching computational economics, experimental economics, behavioural economics, and research methodology.