IAES International Journal of Artificial Intelligence (IJ-AI)
Vol 11, No 4: December 2022

Simulated trial and error experiments on productivity

Karn Thamprasert (Chiang Mai University)
Ahmad Yahya Dawod (Chiang Mai University)
Nopasit Chakpitak (Chiang Mai University)



Article Info

Publish Date
01 Dec 2022

Abstract

Trial and error experiments in socioeconomics were proved to be beneficial by Nobel prize laureates. However, replication is challenging and costly in term of time and money. The approach required interventions on human society, and moral issues have to be carefully considered in research designs. This work tried to make the approach more feasible by developing virtual economic environment to allow simulated trial and error experiments to take place. This research demonstrated the framework using 19 macroeconomic indicators in 6 interested categories to study the effect on productivity if each indicator value grew by 5 percent for each of 65 countries. Seven predictive models including some machine learning (ML) models were compared. Neural network dominated in accurateness and was selected as the core of the simulator. Experimented results are in full of surprises, and the framework acted as expected to be a data-driven guide toward country-specific policy making.

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Journal Info

Abbrev

IJAI

Publisher

Subject

Computer Science & IT Engineering

Description

IAES International Journal of Artificial Intelligence (IJ-AI) publishes articles in the field of artificial intelligence (AI). The scope covers all artificial intelligence area and its application in the following topics: neural networks; fuzzy logic; simulated biological evolution algorithms (like ...