Abstract
The papers in this special section focus on the use of fuzzy techniques and logic for use in financial modeling and simulation. Computational intelligence has attracted a significant and increasing interest from the financial engineering community, and an emerging interest from analytical economics groups. The bar has been raised with the revision of regulations, and the required compliance and risk management. The new rules should be implemented through new processes and supported by developing new computational tools. Computational systems, capturing sentiments, preferences, behavior, and beliefs, are becoming indispensable in financial applications and desirable in economic analysis. They address problems in the classification of credit worthiness and fraud detection, contribute to the analysis and pricing of financial instruments, and effectively support portfolio optimization and investment analysis. They are instrumental in the design of market mechanisms and contagion mechanisms, and are contributing to the simulation of micro- and macro-economic processes. The armory of fuzzy techniques is capable of addressing challenges encountered in financial engineering and analytical economics. Fuzzy logic can effectively describe and incorporate expertsź intuition, market participantsź preferences, and economic agentsź behavior, thus reaching beyond the capabilities of probabilistic models. The objective of this special issue is to bring together the most recent advances in the design and application of fuzzy approaches to real problems in financial engineering and analytical economics.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.