Vortrag des Gastwissenschaftlers Professor Mengov

28. Oktober 2025

Gastwissenschaftler, Herr Professor George Mengov, PhD wird einen Vortrag zum Thema „Socioeconomic Forecasting in Turbulent Times: A Neurocomputational Approach“ am 11. November 2025 um 15.00 Uhr im Raum 2.16, Welckerstraße 8 halten. Die Vortragssprache ist Englisch.

Abstract zum Vortrag:

The advent of versatile big data, powerful computing capabilities, and machine learning algorithms created new opportunities for analysis and understanding of the socioeconomic reality. Neural networks have been at the forefront of this progress. Their ability to deal with noisy and imprecise data, and their modelling flexibility, made them quite useful in forecasting business, economic, and social processes.

This talk presents a set of neural models, successfully applied in problems of macroeconomics, international trade, economic choice predictability, and human work motivation. They are based on mathematical neuroscience and are closer to the actual brain mechanisms than some widely used deep neural networks. With their help, a variety of new findings emerged: (1) When people take economic decisions in a virtual social network, they become more predictable; (2) Under economic shocks, neurocomputational forecasting is as good as the state-of-the-art econometric models; (3) In turbulent times, human work characteristics, attitudes, and dispositions remain stable, yet the employees rethink unpredictably their commitment, loyalty, and overall relationship with their organization. For some of these results a new computationally efficient, explainable, and novelty-detecting neural network was used for the first time.

Weitere Informationen finden Sie auf der Website des Fachbereiches Sozialökonomie.