Matches in SemOpenAlex for { <https://semopenalex.org/work/W2783240911> ?p ?o ?g. }
Showing items 1 to 74 of
74
with 100 items per page.
- W2783240911 endingPage "391" @default.
- W2783240911 startingPage "365" @default.
- W2783240911 abstract "This chapter considers autonomy as an economic concern, meaning as a matter of determining the outcomes from different ways of allocating scarce resources in a social setting. Specifically, it concerns the outcomes from decision-making mechanisms subject to capital rationing - constraints on available resources - under conditions of fundamental uncertainty. This kind of uncertainty has long been a topic of economic study: epistemic uncertainty distinguishes stochastic risk from uncertainty, while ontological uncertainty equates to non-stationarity and non-regularity in a dynamical systems sense. I also argue that this deeper ontological uncertainty is a manifestation of mathematical incompleteness and unsolvability, which are inherent limitations in reasoning due to logical paradox. Given that non-linear dynamics classifies different degrees of uncertainty in different classes, I propose plasticity as the maximum class that an organism, system, organisation or thing may successfully handle, in the sense of surviving in an environment characterised by that class for better than logarithmic time. Machines that manifest plasticity beyond the most benign classes of uncertainty may then be referred to as autonomous, distinguishing them from automations that rely on strong prediction. Economics also studies mechanisms for handling uncertainty and their system-wide as well as individual outcomes. Paradoxically, uncertainty can easily result from the very measures that were intended to deal with uncertainty, so although a strategy might make completely rational sense from the point of view of a single agent, it can just as easily produce dangerously unstable and unpredictable system-wide outcomes. I focus on a certain class of financial strategies in particular, known as ‘barbell’ and ‘dumbbell’ strategies - which divide investment into hedges against intolerable failure and opportunity bets where failure is tolerable - for their apparent applicability across different classes of uncertainty. At the centre of this picture is a requirement for a theory of self by which an agent can determine failure sensitivity and affordable opportunity in high uncertainty environments under partially observable hard resource limits. The limits of self-knowledge together with the complexity of decision-making under hard capital rationing with the possibility of unexpected budget changes appears to imply that autonomous problem solving must be intrinsically social." @default.
- W2783240911 created "2018-01-26" @default.
- W2783240911 creator A5027889811 @default.
- W2783240911 date "2018-01-01" @default.
- W2783240911 modified "2023-09-25" @default.
- W2783240911 title "An Autonomy Interrogative" @default.
- W2783240911 cites W1506373683 @default.
- W2783240911 cites W1579696469 @default.
- W2783240911 cites W1737155582 @default.
- W2783240911 cites W1973504734 @default.
- W2783240911 cites W1974771212 @default.
- W2783240911 cites W1988022649 @default.
- W2783240911 cites W2009445276 @default.
- W2783240911 cites W2009677406 @default.
- W2783240911 cites W2012791896 @default.
- W2783240911 cites W2062368474 @default.
- W2783240911 cites W2111479915 @default.
- W2783240911 cites W2166598069 @default.
- W2783240911 cites W2212812285 @default.
- W2783240911 cites W2333311386 @default.
- W2783240911 cites W3011865677 @default.
- W2783240911 cites W3122370244 @default.
- W2783240911 cites W3122543774 @default.
- W2783240911 cites W3123603441 @default.
- W2783240911 cites W3149832661 @default.
- W2783240911 cites W4232162286 @default.
- W2783240911 cites W4235007239 @default.
- W2783240911 cites W4252543557 @default.
- W2783240911 cites W4292157289 @default.
- W2783240911 cites W4300124000 @default.
- W2783240911 doi "https://doi.org/10.1007/978-3-319-64816-3_21" @default.
- W2783240911 hasPublicationYear "2018" @default.
- W2783240911 type Work @default.
- W2783240911 sameAs 2783240911 @default.
- W2783240911 citedByCount "1" @default.
- W2783240911 countsByYear W27832409112022 @default.
- W2783240911 crossrefType "book-chapter" @default.
- W2783240911 hasAuthorship W2783240911A5027889811 @default.
- W2783240911 hasBestOaLocation W27832409111 @default.
- W2783240911 hasConcept C138885662 @default.
- W2783240911 hasConcept C15744967 @default.
- W2783240911 hasConcept C17744445 @default.
- W2783240911 hasConcept C199539241 @default.
- W2783240911 hasConcept C41008148 @default.
- W2783240911 hasConcept C41895202 @default.
- W2783240911 hasConcept C57098296 @default.
- W2783240911 hasConcept C65414064 @default.
- W2783240911 hasConceptScore W2783240911C138885662 @default.
- W2783240911 hasConceptScore W2783240911C15744967 @default.
- W2783240911 hasConceptScore W2783240911C17744445 @default.
- W2783240911 hasConceptScore W2783240911C199539241 @default.
- W2783240911 hasConceptScore W2783240911C41008148 @default.
- W2783240911 hasConceptScore W2783240911C41895202 @default.
- W2783240911 hasConceptScore W2783240911C57098296 @default.
- W2783240911 hasConceptScore W2783240911C65414064 @default.
- W2783240911 hasLocation W27832409111 @default.
- W2783240911 hasOpenAccess W2783240911 @default.
- W2783240911 hasPrimaryLocation W27832409111 @default.
- W2783240911 hasRelatedWork W1983922296 @default.
- W2783240911 hasRelatedWork W1999183795 @default.
- W2783240911 hasRelatedWork W2017811887 @default.
- W2783240911 hasRelatedWork W2052062090 @default.
- W2783240911 hasRelatedWork W2079248423 @default.
- W2783240911 hasRelatedWork W2094886358 @default.
- W2783240911 hasRelatedWork W2114559905 @default.
- W2783240911 hasRelatedWork W2748952813 @default.
- W2783240911 hasRelatedWork W2899084033 @default.
- W2783240911 hasRelatedWork W2041431173 @default.
- W2783240911 isParatext "false" @default.
- W2783240911 isRetracted "false" @default.
- W2783240911 magId "2783240911" @default.
- W2783240911 workType "book-chapter" @default.