The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of «search» — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.

Economics of Information

The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray. Part of the problem is due to Smith’s "veil of ignorance": individuals unknowingly pursue society’s interest and, as a result, have no clue as to the macroeconomic effects of their actions: witness the Keynes and Leontief multipliers, the concept of value added, fiat money, Engel’s law and technical progress, to name but a few of the macrofoundations of microeconomics. A good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan’s economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker’s Rule. Very simply, the banks, whose lending determined deposits after Roosevelt, and were a public service became private enterprises whose deposits determine lending. These underlay the great moderation preceding 2006, and the subsequent crash.

The Economic Institutions of Capitalism

An Introduction to MultiAgent Systems.

The autonomic nervous system.

CLINICAL NEUROSURGERY Edited by Barnes Wordall. Vol. 18. (Pp. 557; illustrated; £8 25.) Churchill Livingstone: Edinburgh. 1971. CLINICAL NEUROSURGERY Edited by G. T. Tindall. Vol. 19. (Pp. 598; illustrated; £12.) Churchill Livingstone: Edinburgh. 1972. The Congress of Neurosurgeons began in 1951 on the initiative of a group of younger neurosurgeons. In the last 20 years its membership has grown from 69 to over 1,000, but it has retained its original intentions and virility by a constitution which ensured that the office bearers and organizers were always young men. Residents in training are encouraged to join, financial concessions make it possible for them to attend meetings, and these are organized as an educational exercise, by inviting established authorities to give lectures on selected topics, chosen to provide a balanced programme. As a result Clinical Neurosurgery is a valuable volume which all neurosurgeons look forward to each year; it is in quite a different class from the usual conference tome, full of brief and unconnected papers of widely varying quality. As the title suggests Clinical Neurosurgery includes excellent clinical reviews but the two recent volumes include also a section of seminars on fundamental research-in volume 18 on coma and sleep, in volume 19 on basic mechanisms of memory. It is also the custom to invite a senior neurosurgical citizen as guest of honour and his two or three papers afford an opportunity for historical and philosophical reflections as well as an experienced perspective on clinical and experimental work. Add to this the refreshing presidential address, from one of the (angry?) young men of neurosurgery and it will be clear that these volumes really do include something of interest for every neurosurgeon, whatever his own interests or prejudices. It is a relief to be able so warmly to recommend these books, when the question posed by so many other books is whether anyone would really want to read them. The most recent volume has a more consistent theme than former ones, and that is 'head injury'. It includes papers on mechanisms as revealed by animal experiment and by a pathologist who visited the scene of the accident before examining the brains of head injury fatalities. There are chapters on engineering and socio-psychological aspects of accident prevention, as well as down to earth clinical accounts of metabolic disorders, testing for acoustic vestibular 36 damage, and aspects of prognosis. This is a significant contribution to the literature on head injury.

https://jnnp.bmj.com/content/jnnp/37/3/361.3.full.pdf

The working brain (an introduction to neuropsychology)

Determining a user’s preferences is an important condition for effectively operating automatic recommendation systems. Since personality theory claims that a user’s personality substantially influences preference, I propose a personality-based product recommender (PBPR) framework to analyze social media data in order to predict a user’s personality and to subsequently derive its personality-based product preferences. The PBRS framework will be evaluated as an IT-artefact with a unique online social network XING dataset and a unique coffeemaker preference dataset. My evaluation results show (a) the possibility of predicting a user’s personality from social media data, as I reached a predictive gain between 23.2 and 41.8 percent and (b) the possibility of recommending products based on a user’s personality, as I reached a predictive gain of 45.1 percent.

/pdf/predicting-user-behavior-in-electronic-markets-based-on-3u977vsuo1.pdf

Predicting user behavior in electronic markets based on personality-mining in large online social networks

Additive manufacturing of metal components with laser-powder bed fusion is a very complex process, since powder has to be melted and cooled in each layer to produce a part. Many parameters influence the printing process; however, defects resulting from suboptimal parameter settings are usually detected after the process. To detect these defects during the printing, different process monitoring techniques such as melt pool monitoring or off-axis infrared monitoring have been proposed. In this work, we used a combination of thermographic off-axis imaging as data source and deep learning-based neural network architectures, to detect printing defects. For the network training, a k-fold cross validation and a hold-out cross validation were used. With these techniques, defects such as delamination and splatter can be recognized with an accuracy of 96.80%. In addition, the model was evaluated with computing class activation heatmaps. The architecture is very small and has low computing costs, which means that it is suitable to operate in real time even on less powerful hardware.

/pdf/a-deep-learning-based-model-for-defect-detection-in-laser-42cgswonin.pdf

A deep learning-based model for defect detection in laser-powder bed fusion using in-situ thermographic monitoring

Replying to corresponding research calls I experimentally investigate whether a higher level of artificial intelligence support leads to a lower user cognitive workload. Applying eye-tracking technology I show how the user’s cognitive workload can be measure more objectively by capturing eye movements and pupillary responses. Within a laboratory environment which adequately reflects a realistic working situation, the probands use two distinct systems with similar user interfaces but very different levels of artificial intelligence support. Recording and analyzing objective eye-tracking data (i.e. pupillary diameter mean, pupillary diameter deviation, number of gaze fixations and eye saccade speed of both left and right eyes) – all indicating cognitive workload – I found significant systematic cognitive workload differences between both test systems. My results indicated that a higher AI-support leads to lower user cognitive workload.

Cognitive Workload of Humans Using Artificial Intelligence Systems: Towards Objective Measurement Applying Eye-Tracking Technology

By asking users of career-oriented social networking sites I investigated their job search behavior. For further IS-theorizing I integrated the number of a user's contacts as an own construct into Venkatesh's et al. UTAUT2 model, which substantially rose its predictive quality from 19.0 percent to 80.5 percent concerning the variance of job search success. Besides other interesting results I found a substantial negative relationship between the number of contacts and job search success, which supports the experience of practitioners but contradicts scholarly findings. The results are useful for scholars and practitioners.

Getting a Job via Career-Oriented Social Networking Sites: The Weakness of Ties

From a human resource management perspective I review the crowd sourcing literature included in top peer-reviewed journals and conferences, and build up a comprehensive picture. Based on this I identify empirical and design-oriented research needs.

/pdf/a-systematic-literature-review-of-crowdsourcing-research-tnbnlqdfmi.pdf

Ricardo Buettner

Papers

Predicting user behavior in electronic markets based on personality-mining in large online social networks

A deep learning-based model for defect detection in laser-powder bed fusion using in-situ thermographic monitoring

Cognitive Workload of Humans Using Artificial Intelligence Systems: Towards Objective Measurement Applying Eye-Tracking Technology

Getting a Job via Career-Oriented Social Networking Sites: The Weakness of Ties

A Systematic Literature Review of Crowdsourcing Research from a Human Resource Management Perspective