The Leap from Free Markets to Autonomous Markets
The Leap from Free Markets to Autonomous Markets
复制标题
从自由市场到自治市场的飞跃
DOI:
10.1016/j.jebo.2005.12.015
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发表时间:
2007
期刊:
影响因子:
--
通讯作者:
Ross M. Miller
中科院分区:
文献类型:
--
作者:
Ross M. Miller
In the spirit of recent work by Philip Mirowski, this article examines the consequences of extending the concept of free markets to a setting where markets are viewed as evolving computational entities. A mechanized market system that can perform the computational tasks required to allocate resources without interference from either humans or other mechanisms is said to be autonomous. At the present time, no computer-based market system, including those used on financial exchanges, is truly autonomous because various external mechanisms exist to override transactions and suspend trading. This article examines the computational feasibility of making markets autonomous and argues that a properly designed autonomous market would be evolutionarily fit.