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Application of Artificial Intelligence Methods for Analysis of Material and Non-material Determinants of Functioning of Young Europeans in Times of Crisis in the Eurozone

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  • Gawlik, Remigiusz

Abstract

The study presents an analysis of possible applications of artificial intelligence methods for understanding, structuring and supporting the decision-making processes of European Youth in times of crisis in the Eurozone. Its main purpose is selecting a research method suitable for grasping and explaining the relations between social, economic and psychological premises when taking important life decisions by young Europeans at the beginning of their adult life. The interdisciplinary approach to science, assuming inclusion of economic phenomena in the analysis of issues belonging to other domains of science, contributes to further development of economics. Thus, the foundations of the economy are being redefined, whereas the dogma of rationality of consumer behaviour no longer binds. The researchers depart from their former deliberations on mass production , they also no longer claim that they understand the character of consumers’ preferences. The increased interest of economists in research instruments which employ artificial intelligence encourages them to use mathematical and IT tools to explain decision-making processes. This group of methods, based on fuzzy logic methodology offers the possibility of including into their research factors of a qualitative character (in addition to quantitative ones). It is equally important to identify possible fields of implementation of the results of qualitative – quantitative analysis in economic and social practice. A benefit for the business could be the possibility of better adjustments to new trends and consumers’ preferences. Social effects of the implementation should stem from supporting decision-making processes until facilitating professional and personal development of young people. Broadening of knowledge in this sphere will allow the responders to perform individual valuation of the material and non-material determinants of the quality of their life, which will eventually contribute to the growth of their life satisfaction. It will indirectly contribute to the increase of the overall level of satisfaction in the society.

Suggested Citation

  • Gawlik, Remigiusz, 2014. "Application of Artificial Intelligence Methods for Analysis of Material and Non-material Determinants of Functioning of Young Europeans in Times of Crisis in the Eurozone," MPRA Paper 62444, University Library of Munich, Germany, revised 2014.
    • Handle: RePEc:pra:mprapa:62444
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    File URL: https://mpra.ub.uni-muenchen.de/62444/1/MPRA_paper_62444.pdf
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    References listed on IDEAS

    as
    1. Gawlik, Remigiusz, 2009. "Strategic Decision Making in Times of Global Financial Crisis," MPRA Paper 45407, University Library of Munich, Germany.
    2. Jerry Zoffer & Asma Bahurmoz & Mohammed K. Hamid & Marcel Minutolo & Thomas Saaty, 2008. "Synthesis of Complex Criteria Decision Making: A Case Towards a Consensus Agreement for a Middle East Conflict Resolution," Group Decision and Negotiation, Springer, vol. 17(5), pages 363-385, September.
    3. Gawlik, Remigiusz, 2008. "Preliminary Criteria Reduction for the Application of Analytic Hierarchy Process Method," MPRA Paper 45348, University Library of Munich, Germany.
    4. Gawlik, Remigiusz & Teczke, Janusz, 2007. "The Influence of Non - Governmental Organizations on Main Determinants of the Open Systems Model with Application of the Correlation Analysis Method," MPRA Paper 45344, University Library of Munich, Germany.
    5. Gawlik, Remigiusz, 2014. "Zastosowanie metody analitycznego procesu sieciowego do wspierania racjonalnych wyborów młodych Europejczyków [Enhancing Rational Choices of Young Europeans with use of Analytic Network Process]," MPRA Paper 62442, University Library of Munich, Germany.
    6. Gawlik, Remigiusz, 2007. "The Influence of Intergovernmental Organizations on Main Determinants of the Open Systems Model with Correlation Analysis Method Application," MPRA Paper 45347, University Library of Munich, Germany.
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    Cited by:

    1. Gawlik, Remigiusz, 2017. "Wybory młodych Europejczyków w pokryzysowej rzeczywistości - propozycja modelu decyzyjnego opartego na metodzie AHP [Choices of young Europeans in a post-crisis reality - Proposal of an AHP-based d," MPRA Paper 78838, University Library of Munich, Germany.

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    More about this item

    Keywords

    Artificial Intelligence; determinants of decision-making; European Youth;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • D6 - Microeconomics - - Welfare Economics

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