Question

Why is computer economics important?​

Answer 1

Answer:

Explanation:

Advances in computing power and artificial intelligence will allow economists to test and develop many economic theories which have previously been very difficult to empirically test. In macroeconomics, we often rely on historical data to estimate market responses to recessions and other shocks in the economy since conducting experiments is at best unwieldy, unethical, and often impossible. Building AI which acts kind of human in market conditions and which is capable of adaptive strategies may allow researchers to simulate markets on a macro scale. Attempts have already been made in online video games which have virtual economies.