The document discusses the era of Hellenism following Alexander the Great's conquests. It lasted from Alexander's reign until 146 BC when Rome annexed Greece. Alexander's campaigns opened vast areas to world trade and economic development, sparking profitable industries. Huge amounts of money entered circulation when Alexander began minting Persian treasure, fueling an early global economic boom. The trade system developed under Alexander would remain unchanged for over 2000 years.

1. β employee of the month

2. 235 A.C.

5. Hellenism - After Alexander The centuries after Alexander's death are known as the era of Hellenism. One might argue Hellenism lasted from the years of Alexander's reign until 146 BC, when Greece was annexed by the Roman empire; or even until 30 BC, when the famous Greek-Egyptian Queen Cleopatra died, the last Hellenistic ruler. In any case, Hellenism was the new world order shaped by Alexander's conquests. Trade The campaigns of Alexander had opened up gigantic areas to world trade and economic development. The conquering Greeks had aroused the sleeping masses of the east and profitable industries and agricultural enterprises sprung up everywhere. Because Alexander had started to mint the gold reserves of the Persian kings, huge amounts of money came into circulation. For centuries the Persian dynasts had safeguarded the treasures stored in their palaces. Alexander tried to spend them all within a matter of years. These factors combined, Hellenism can be seen as the world's first major economic boom. The system of economics and trade that developed after Alexander's death would remain basically unchanged for over two thousand years, until the industrial revolution of the 19th century. When the Romans began to expand their empire around 200 BC they inherited a world of florishing trade contacts for which Alexander had laid the foundations. http://www.pothos.co.uk/alexander.asp?ParaID=67

13. The Pillars of Rationality

15. What? Artificial Intelligence AND Economics?!? Never mind… These people are crazy.

16. Pillars of rationality Management Science Economics Artificial Intelligence Search Symbols Enumeration Logic Expected Utility Transitive ordering of alternatives Invariance Continuity Maximizing & satisficing Game theory Mathematical programming Equilibrium Inference reasoning

17. Historical Momentum

20. Scientists usually fall for the attractor of “rigorous scientific results”

21. Economics Artificial Intelligence Management Science Pillars of rationality Search Symbols Enumeration Logic Expected Utility Transitive ordering of alternatives Invariance Continuity Maximizing & satisficing Game theory Mathematical programming Equilibrium Inference reasoning

22. Symbols, logic, and search

24. Bongard problems

30. RF4: Symbols, logic, and search

35. The structure of management science

39. Knapsack problem of a truck driver ? Capacity: 10 meters 9 meters, $111/m 3 meters, $100/m 5 meters, $100/m 2 meters, $100/m

40. Mystery #1 How many possibilities for a 100 item knapsack problem? Be the mind!

42. The Rabaul-Lae Convoy (1943)

44. The Rabaul-Lae convoy (1943)

48. Expected Utility Theory

49. Legal Disclaimer: This talk will not teach you how to predict the stock market or get rich quick.

50. What is a stock? Owning stock in a company indicates ownership of the assets and the future earnings of that company. A company’s stock is divided into many small pieces called shares.

51. Example: Microsoft (MSFT) The total market value of Microsoft’s assets and potential future earnings is about $272,000,000,000. (2003) There are about 11,000,000,000 shares of Microsoft stock available to buy. Therefore, the price of one share is about $25. (By the way, Bill Gates owns more than a billion shares of Microsoft stock!)

52. Bulls

53. Price of one share of Microsoft Jan 1996 to Dec 1999

54. Bears

55. Price of one share of Microsoft Jan 2000 to Nov 2003

58. Mystery #2 How much should we pay to enter the St. Petersburg paradox? Be the mind!

61. If you could some how measure happiness, the average person would likely be much happier to win $1,000 than $1. On the other hand, that same person would probably be equally happy to win $1,001,000 and $1,000,000. That is, happiness generally does not increase linearly with wealth.

68. Economics Artificial Intelligence Management Science Pillars of rationality Search Symbols Enumeration Logic Expected Utility Transitive ordering of alternatives Invariance Continuity Maximizing & satisficing Game theory Mathematical programming Equilibrium Inference reasoning

75. 1 Trident Submarine (10) 24 Megatons 1 Poseidon Submarine (41) 9 Megatons 2 a World War (3 Megatons) Planet Earth, 1981: 18,000 MEGATONS