Research Questions

• What changes when algorithms become economic actors?

• Which economic and financial results survive under explicit computational assumptions?

• How do prices, information, liquidity, efficiency, and volatility change in machine markets?

• What happens when algorithms generate the states that other algorithms model?

• Can AI overcome the knowledge and calculation problems, or does it reveal new versions of them?

• When does centralized computation outperform decentralized discovery—and when can it not replace it?

• How should risk be understood when it is endogenous, adaptive, and reflexive?

• Which organizational decisions can be delegated without destroying accountability or expertise?

• Does AI centralize economic power, or can open systems preserve competition and discovery?

• Where is AI investment economically durable, and where does it rest on unsupported assumptions?

• How do HyperPrices and HyperMarkets change the relationship between models, signals, and market reality?