Abstract
Discusses the growing role of financial bubbles in the digital economy, which is characterized by the use of artificial intelligence (AI) and the Internet for decision-making on the basis of raw data. It is shown that the classical market paradigm, according to which supply and demand are balanced through price, does not work. Proposed a new paradigm based on the theory of equilibrium stochastic processes (ESP), which argues that economic agents are guided by their risks. The classical paradigm is a special case of the new paradigm. Under the new paradigm offers ways of measuring financial bubbles and management by it.
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Ross, G., Liechtenstein, V. (2018). Management of Financial Bubbles as Control Technology of Digital Economy. In: Antipova, T., Rocha, Á. (eds) Information Technology Science. MOSITS 2017. Advances in Intelligent Systems and Computing, vol 724. Springer, Cham. https://doi.org/10.1007/978-3-319-74980-8_9
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DOI: https://doi.org/10.1007/978-3-319-74980-8_9
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