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Agentic Economic: Validated?

Agentic AI represents a significant evolution from static language models to autonomous systems capable of perception, reasoning, and executing complex multi-step workflows with minimal human oversight.

In the fields of economics and finance, these agents are transforming research by automating tasks like data analysis and code generation, while facilitating sophisticated Agent-Based Modeling (ABM) to simulate complex, non-linear market dynamics and heterogeneous behaviors.

While these systems offer enterprises substantial value through operational efficiency and strategic agility, they introduce systemic risks such as market manipulation, algorithmic collusion, and "hallucinations" that can destabilize financial systems.

Consequently, researchers emphasize the necessity of rigorous empirical validation methods, including docking and sensitivity analysis, to ensure these models accurately reflect real-world phenomena.

Furthermore, the deployment of autonomous agents requires robust governance frameworks and regulatory oversight to address critical challenges related to accountability, security, and alignment with human values.

Ultimately, successfully leveraging agentic AI depends on balancing its transformative economic potential with the need for dynamic safeguards against emergent behaviors and coordination failures.

Agentic Economic: Validated?

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Podcast Breakdown

1

Defining agents and bottom-up emergence

2

Shift to autonomous AI agents

3

Bounded rationality and imperfect decisions

4

Explaining market shocks and volatility

5

Public health and psychological drivers

6

Simulating the 2008 housing crisis

7

Opaque agents as incomplete contracts

8

Fiduciary duty for AI alignment

9

Protocols for multi-agent collaboration

10

Four hurdles to model validation

11

Evaluating costs and systemic risks

12

Liability and future historical analysis