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Computer Science > Logic in Computer Science

Title: Dynamic Many Valued Logic Systems in Theoretical Economics

Authors: Daniel Lu
Abstract: This paper is an original attempt to understand the foundations of economic reasoning. It endeavors to rigorously define the relationship between subjective interpretations and objective valuations of such interpretations in the context of theoretical economics. This analysis is substantially expanded through a dynamic approach, where the truth of a valuation results in an updated interpretation or changes in the agent's subjective belief regarding the effectiveness of the selected action as well as the objective reality of the effectiveness of all other possible actions (i.e. consequence realization). Complications arise when the economic agent is presented with a set of actions that render ambiguous preference, or when the effectiveness of an action cannot be perceived upon its selection, thereby necessitating a different theory of choice and consequence realization.
Subjects: Logic in Computer Science (cs.LO); Theoretical Economics (econ.TH)
DOI: 10.2139/ssrn.4798216
Cite as: arXiv:2404.16061 [cs.LO]
  (or arXiv:2404.16061v1 [cs.LO] for this version)

Submission history

From: Daniel Lu [view email]
[v1] Mon, 15 Apr 2024 19:07:20 GMT (18kb)

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