Volatility in financial market has become increasingly important in today's globalized economic and financial world, especially in areas such as investment, risk management, option pricing and financial market regulation. Forecasting volatility attracts great attentions of academicians and practitioners over the last two decades. For example, risk managers should measure market risk exposure of portfolio's asset position, financial institutions should optimize capital reserve of value-at-risk, option holders need to know the volatility of the underlying asset from the present to the expiration of the option, foreign exchange traders pre-estimate volatility of exchange rate for arbitrage, and so on and so forth. The computational intelligence has been intensively applied to improve the quality of the economical/financial decisions. The focus of this special session is not merely to illustrate the superior performance of new computational methods, but also to demonstrate how it can be used effectively in forecasting volatilities to improve and facilitate decision making. Hence, submissions which address the use of models of computational intelligence (e.g. Artificial Neural Networks, Genetic Algorithm, Particle Swarm Optimization, Fuzzy Logics, etc.) to develop intelligent and/or comprehensible economical/financial information systems are all welcome. Relevant topics include, but not limited to:

• Individual Asset or Portfolio Value at Risk.
• Credit Risk Management.
• Volatility of Derivative Pricing.
• Foreign Exchange Volatility and Arbitrage.
• Co-movement across International Financial Markets.
• Asset Prices and Monetary Policy
• Security Valuation.

IMPORTANT DATES
Paper due: April 1, 2005
Notification of acceptance: April 15, 2005
Camera-ready paper due: April 25, 2005

PAPER SUBMISSION
All papers must be in Word or PDF format and may not exceed 4 pages in length, including figures, tables and references. Details can be found at http://www.jcis.org/pages/call4paper.aspx. Please send your electronic version of paper (MS-Word or PDF format) to the session organizer Professor Ping-Chen Lin (email: lety@cc.kuas.edu.tw).

Session Chair
Prof. Ping-Chen Lin
Institute of Finance and Information
National Kaohsiung University of Applied Sciences
Kaohsiung, Taiwan
Tel: 886-7-38145263 ext 6309
email: lety@cc.kuas.edu.tw

Interactive Evolutionary Computation (IEC) is an evolutionary computation whose fitness function is replaced by a human. IEC combines the optimization capability of EC and the subjective evaluation capability of human for creative design, and has been applied to commercial product designs for years. Since 1990's its application domains have been expanded from daily products to entertainments and financial products as well. The notion of interaction between human and machine in IEC has to be extended now. One possible extension is to allow human directly interact with the genome, the genetic operators or the evolution processes, such as Human Based Genetic Algorithms (HBGA); another possible extension is to allow human cooperate with computational intelligence.

We solicit research papers addressing issues concerning the integrating human and computational intelligence (IHCI), in commercial product design, including future directions of development, evaluations, and applications of the IEC. Papers that focus on discussing human activities in IEC, increasing performance of IEC, and developing IHCI-based mechanism to consolidate “the design of innovation” are especially encouraged. Possible topics include, but not limited to:

• Applications of IEC in business, economics and finance
• Applications of HBGA in business, economics and finance
• IEC user's fatigue problem
• Accelerating convergence of IEC
• New IHCI frameworks for commercial product designs
• Theoretical or experimental research on IHCI

IMPORTANT DATES
Paper due: April 1, 2005
Notification of acceptance: April 8, 2005
Camera-ready paper due: April 25, 2005

PAPER SUBMISSION
All papers must be in Word or PDF format and may not exceed 4 pages in length, including figures, tables and references. Details can be found at http://www.jcis.org/pages/call4paper.aspx. Please send your electronic version of paper (MS-Word or PDF format) to the session organizer Professor Chao-Fu Hong (cfhong@email.au.edu.tw).

Session Chair
Chao-Fu Hong
Department of Information Management
Aletheia University
Tamsui 251, Taiwan
Tel: +886-2-26212121 Ext. 5531
email: cfhong@email.au.edu.tw