Artificial intelligence and economic modelling

Artificial intelligence has emerged from the toy problem world and is being applied to real domains in a more general way, the existence of several large application systems supporting the belief that a generation of smarter and more general systems will be developed. However, a new problem, sometimes referred to as the fusion problem, has been identified, which acts to restrict the development of such systems. This paper explains the nature of the problem, and by examining a proposed expert system in economics (ESE), discussing three approaches to a prototype ESE and the problems associated with them, draws some conclusions with regard to data fusion and expert co‐operation.