The Nexus between Artificial Intelligence and Economics

The Nexus between Artificial Intelligence and Economics
Author: Ad J. W. van de Gevel,Charles N. Noussair
Publsiher: Springer Science & Business Media
Total Pages: 115
Release: 2013-04-15
ISBN: 3642336485
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Nexus between Artificial Intelligence and Economics Book Excerpt:

The manuscript reviews some key ideas about artificial intelligence, and relates them to economics. These include its relation to robotics, and the concepts of synthetic emotions, consciousness, and life. The economic implications of the advent of artificial intelligence, such as its effect on prices and wages, appropriate patent policy, and the possibility of accelerating productivity, are discussed. The growing field of artificial economics and the use of artificial agents in experimental economics is considered.​

Political Economic and Legal Effects of Artificial Intelligence

Political  Economic and Legal Effects of Artificial Intelligence
Author: Georgios I. Zekos
Publsiher: Springer Nature
Total Pages: 135
Release: 2022
ISBN: 303094736X
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Political Economic and Legal Effects of Artificial Intelligence Book Excerpt:

Economic and Policy Implications of Artificial Intelligence

Economic and Policy Implications of Artificial Intelligence
Author: Domenico Marino,Melchiorre A. Monaca
Publsiher: Springer Nature
Total Pages: 169
Release: 2020-05-20
ISBN: 3030453405
Category: Technology & Engineering
Language: EN, FR, DE, ES & NL

Economic and Policy Implications of Artificial Intelligence Book Excerpt:

This book presents original research articles addressing various aspects of artificial intelligence as applied to economics, law, management and optimization. The topics discussed include economics, policies, finance, law, resource allocation strategies and information technology. Combining the input of contributing professors and researchers from Italian and international universities, the book will be of interest to students, researchers and practitioners, as well as members of the general public interested in the economic and policy implications of artificial intelligence.

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence
Author: Ajay Agrawal,Joshua Gans,Avi Goldfarb
Publsiher: University of Chicago Press
Total Pages: 642
Release: 2019-05-22
ISBN: 022661333X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Economics of Artificial Intelligence Book Excerpt:

Advances in artificial intelligence (AI) highlight the potential of this technology to affect productivity, growth, inequality, market power, innovation, and employment. This volume seeks to set the agenda for economic research on the impact of AI. It covers four broad themes: AI as a general purpose technology; the relationships between AI, growth, jobs, and inequality; regulatory responses to changes brought on by AI; and the effects of AI on the way economic research is conducted. It explores the economic influence of machine learning, the branch of computational statistics that has driven much of the recent excitement around AI, as well as the economic impact of robotics and automation and the potential economic consequences of a still-hypothetical artificial general intelligence. The volume provides frameworks for understanding the economic impact of AI and identifies a number of open research questions. Contributors: Daron Acemoglu, Massachusetts Institute of Technology Philippe Aghion, Collège de France Ajay Agrawal, University of Toronto Susan Athey, Stanford University James Bessen, Boston University School of Law Erik Brynjolfsson, MIT Sloan School of Management Colin F. Camerer, California Institute of Technology Judith Chevalier, Yale School of Management Iain M. Cockburn, Boston University Tyler Cowen, George Mason University Jason Furman, Harvard Kennedy School Patrick Francois, University of British Columbia Alberto Galasso, University of Toronto Joshua Gans, University of Toronto Avi Goldfarb, University of Toronto Austan Goolsbee, University of Chicago Booth School of Business Rebecca Henderson, Harvard Business School Ginger Zhe Jin, University of Maryland Benjamin F. Jones, Northwestern University Charles I. Jones, Stanford University Daniel Kahneman, Princeton University Anton Korinek, Johns Hopkins University Mara Lederman, University of Toronto Hong Luo, Harvard Business School John McHale, National University of Ireland Paul R. Milgrom, Stanford University Matthew Mitchell, University of Toronto Alexander Oettl, Georgia Institute of Technology Andrea Prat, Columbia Business School Manav Raj, New York University Pascual Restrepo, Boston University Daniel Rock, MIT Sloan School of Management Jeffrey D. Sachs, Columbia University Robert Seamans, New York University Scott Stern, MIT Sloan School of Management Betsey Stevenson, University of Michigan Joseph E. Stiglitz. Columbia University Chad Syverson, University of Chicago Booth School of Business Matt Taddy, University of Chicago Booth School of Business Steven Tadelis, University of California, Berkeley Manuel Trajtenberg, Tel Aviv University Daniel Trefler, University of Toronto Catherine Tucker, MIT Sloan School of Management Hal Varian, University of California, Berkeley

Artificial Intelligence in Economics and Finance Theories

Artificial Intelligence in Economics and Finance Theories
Author: Tankiso Moloi,Tshilidzi Marwala
Publsiher: Springer Nature
Total Pages: 125
Release: 2020-05-07
ISBN: 3030429628
Category: Computers
Language: EN, FR, DE, ES & NL

Artificial Intelligence in Economics and Finance Theories Book Excerpt:

As Artificial Intelligence (AI) seizes all aspects of human life, there is a fundamental shift in the way in which humans are thinking of and doing things. Ordinarily, humans have relied on economics and finance theories to make sense of, and predict concepts such as comparative advantage, long run economic growth, lack or distortion of information and failures, role of labour as a factor of production and the decision making process for the purpose of allocating resources among other theories. Of interest though is that literature has not attempted to utilize these advances in technology in order to modernize economic and finance theories that are fundamental in the decision making process for the purpose of allocating scarce resources among other things. With the simulated intelligence in machines, which allows machines to act like humans and to some extent even anticipate events better than humans, thanks to their ability to handle massive data sets, this book will use artificial intelligence to explain what these economic and finance theories mean in the context of the agent wanting to make a decision. The main feature of finance and economic theories is that they try to eliminate the effects of uncertainties by attempting to bring the future to the present. The fundamentals of this statement is deeply rooted in risk and risk management. In behavioural sciences, economics as a discipline has always provided a well-established foundation for understanding uncertainties and what this means for decision making. Finance and economics have done this through different models which attempt to predict the future. On its part, risk management attempts to hedge or mitigate these uncertainties in order for “the planner” to reach the favourable outcome. This book focuses on how AI is to redefine certain important economic and financial theories that are specifically used for the purpose of eliminating uncertainties so as to allow agents to make informed decisions. In effect, certain aspects of finance and economic theories cannot be understood in their entirety without the incorporation of AI.

Economics and Law of Artificial Intelligence

Economics and Law of Artificial Intelligence
Author: Georgios I. Zekos
Publsiher: Springer Nature
Total Pages: 543
Release: 2021-01-11
ISBN: 3030642542
Category: Law
Language: EN, FR, DE, ES & NL

Economics and Law of Artificial Intelligence Book Excerpt:

This book presents a comprehensive analysis of the alterations and problems caused by new technologies in all fields of the global digital economy. The impact of artificial intelligence (AI) not only on law but also on economics is examined. In the first part, the economics of AI are explored, including topics such as e-globalization and digital economy, corporate governance, risk management, and risk development, followed by a quantitative econometric analysis which utilizes regressions stipulating the scale of the impact. In the second part, the author presents the law of AI, covering topics such as the law of electronic technology, legal issues, AI and intellectual property rights, and legalizing AI. Case studies from different countries are presented, as well as a specific analysis of international law and common law. This book is a must-read for scholars and students of law, economics, and business, as well as policy-makers and practitioners, interested in a better understanding of legal and economic aspects and issues of AI and how to deal with them.

Is Law Computable

Is Law Computable
Author: Simon Deakin,Christopher Markou
Publsiher: Bloomsbury Publishing
Total Pages: 272
Release: 2020-11-26
ISBN: 1509937080
Category: Law
Language: EN, FR, DE, ES & NL

Is Law Computable Book Excerpt:

What does computable law mean for the autonomy, authority, and legitimacy of the legal system? Are we witnessing a shift from Rule of Law to a new Rule of Technology? Should we even build these things in the first place? This unique volume collects original papers by a group of leading international scholars to address some of the fascinating questions raised by the encroachment of Artificial Intelligence (AI) into more aspects of legal process, administration, and culture. Weighing near-term benefits against the longer-term, and potentially path-dependent, implications of replacing human legal authority with computational systems, this volume pushes back against the more uncritical accounts of AI in law and the eagerness of scholars, governments, and LegalTech developers, to overlook the more fundamental - and perhaps 'bigger picture' - ramifications of computable law. With contributions by Simon Deakin, Christopher Markou, Mireille Hildebrandt, Roger Brownsword, Sylvie Delacroix, Lyria Bennet Moses, Ryan Abbott, Jennifer Cobbe, Lily Hands, John Morison, Alex Sarch, and Dilan Thampapillai, as well as a foreword from Frank Pasquale.

Advances in Artificial Intelligence and Security

Advances in Artificial Intelligence and Security
Author: Xingming Sun,Xiaorui Zhang,Zhihua Xia,Elisa Bertino
Publsiher: Springer Nature
Total Pages: 730
Release: 2022-07-08
ISBN: 3031067673
Category: Computers
Language: EN, FR, DE, ES & NL

Advances in Artificial Intelligence and Security Book Excerpt:

The 3-volume set CCIS 1586, CCIS 1587 and CCIS 1588 constitutes the refereed proceedings of the 8th International Conference on Artificial Intelligence and Security, ICAIS 2022, which was held in Qinghai, China, in July 2022. The total of 115 full papers and 53 short papers presented in this 3-volume proceedings was carefully reviewed and selected from 1124 submissions. The papers were organized in topical sections as follows: Part I: artificial intelligence; Part II: artificial intelligence; big data; cloud computing and security; multimedia forensics; Part III: encryption and cybersecurity; information hiding; IoT security.

Productivity Relationship Between Artificial Intelligence and Economic Growth

Productivity Relationship Between Artificial Intelligence and Economic Growth
Author: Johnny Ch LOK
Publsiher: Unknown
Total Pages: 89
Release: 2017-11
ISBN: 9781973201755
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Productivity Relationship Between Artificial Intelligence and Economic Growth Book Excerpt:

This book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future.In chapter one, I shall explain what the (AI) functions are benefited to human and I shall indicate whether how it can impact human job nature as well as I shall explain whether (AI) can influence to change to human job market to be better or worse in future global labor market.In chapter two, I shall indicate how (AI) will influence global economic technology productivity change as well as I shall indicate whether (AI) technology can impact global service management industry development.In chapter three, I shall indicate whether (AI) technology will influence digital industry economic change as well as I shall indicate whether (AI) technology can influence developing countries' economic change and health and manufacturing change , even global economic change in our future life. This book is suitable to any students who expect to make personal judgement and analysis to concern whether how (AI) technology will impact our life and it can influence global economic change in our future.

Productivity Relationship Between Artificial Intelligence and Economic Growth

Productivity Relationship Between Artificial Intelligence and Economic Growth
Author: Johnny C. H. Lok
Publsiher: Createspace Independent Publishing Platform
Total Pages: 90
Release: 2017-11-22
ISBN: 9781979980425
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Productivity Relationship Between Artificial Intelligence and Economic Growth Book Excerpt:

This book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future. In chapter one, I shall explain what the (AI) functions are benefited to human and I shall indicate whether how it can impact human job nature as well as I shall explain whether (AI) can influence to change to human job market to be better or worse in future global labor market. In chapter two, I shall indicate how (AI) will influence global economic technology productivity change as well as I shall indicate whether (AI) technology can impact global service management industry development. In chapter three, I shall indicate whether (AI) technology will influence digital industry economic change as well as I shall indicate whether (AI) technology can influence developing countries' economic change and health and manufacturing change, even global economic change in our future life. This book is suitable to any students who expect to make personal judgement and analysis to concern whether how (AI) technology will impact our life and it can influence global economic change in our future.

Machine Learning and Artificial Intelligence for Agricultural Economics

Machine Learning and Artificial Intelligence for Agricultural Economics
Author: Chandrasekar Vuppalapati
Publsiher: Springer Nature
Total Pages: 135
Release: 2022
ISBN: 3030774856
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Machine Learning and Artificial Intelligence for Agricultural Economics Book Excerpt:

Artificial Intelligence and International Economic Law

Artificial Intelligence and International Economic Law
Author: Shin-yi Peng,Ching-Fu Lin,Thomas Streinz
Publsiher: Cambridge University Press
Total Pages: 135
Release: 2021-10-14
ISBN: 1108957153
Category: Law
Language: EN, FR, DE, ES & NL

Artificial Intelligence and International Economic Law Book Excerpt:

Artificial intelligence (AI) technologies are transforming economies, societies, and geopolitics. Enabled by the exponential increase of data that is collected, transmitted, and processed transnationally, these changes have important implications for international economic law (IEL). This volume examines the dynamic interplay between AI and IEL by addressing an array of critical new questions, including: How to conceptualize, categorize, and analyze AI for purposes of IEL? How is AI affecting established concepts and rubrics of IEL? Is there a need to reconfigure IEL, and if so, how? Contributors also respond to other cross-cutting issues, including digital inequality, data protection, algorithms and ethics, the regulation of AI-use cases (autonomous vehicles), and systemic shifts in e-commerce (digital trade) and industrial production (fourth industrial revolution). This title is also available as Open Access on Cambridge Core.

Artificial Intelligence and Economic Theory Skynet in the Market

Artificial Intelligence and Economic Theory  Skynet in the Market
Author: Tshilidzi Marwala,Evan Hurwitz
Publsiher: Springer
Total Pages: 204
Release: 2017-09-18
ISBN: 3319661043
Category: Computers
Language: EN, FR, DE, ES & NL

Artificial Intelligence and Economic Theory Skynet in the Market Book Excerpt:

This book theoretically and practically updates major economic ideas such as demand and supply, rational choice and expectations, bounded rationality, behavioral economics, information asymmetry, pricing, efficient market hypothesis, game theory, mechanism design, portfolio theory, causality and financial engineering in the age of significant advances in man-machine systems. The advent of artificial intelligence has changed many disciplines such as engineering, social science and economics. Artificial intelligence is a computational technique which is inspired by natural intelligence concepts such as the swarming of birds, the working of the brain and the pathfinding of the ants. Artificial Intelligence and Economic Theory: Skynet in the Market analyses the impact of artificial intelligence on economic theories, a subject that has not been studied. It also introduces new economic theories and these are rational counterfactuals and rational opportunity costs. These ideas are applied to diverse areas such as modelling of the stock market, credit scoring, HIV and interstate conflict. Artificial intelligence ideas used in this book include neural networks, particle swarm optimization, simulated annealing, fuzzy logic and genetic algorithms. It, furthermore, explores ideas in causality including Granger as well as the Pearl causality models.

The Impact of Artificial Intelligence on Governance Economics and Finance Volume I

The Impact of Artificial Intelligence on Governance  Economics and Finance  Volume I
Author: Sezer Bozkuş Kahyaoğlu
Publsiher: Springer Nature
Total Pages: 328
Release: 2021-04-26
ISBN: 981336811X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Impact of Artificial Intelligence on Governance Economics and Finance Volume I Book Excerpt:

The book discusses the effects of artificial intelligence in terms of economics and finance. In particular, the book focuses on the effects of the change in the structure of financial markets, institutions and central banks, along with digitalization analyzed based on fintech ecosystems. In addition to finance sectors, other sectors, such as health, logistics, and industry 4.0, all of which are undergoing an artificial intelligence induced rapid transformation, are addressed in this book. Readers will receive an understanding of an integrated approach towards the use of artificial intelligence across various industries and disciplines with a vision to address the strategic issues and priorities in the dynamic business environment in order to facilitate decision-making processes. Economists, board members of central banks, bankers, financial analysts, regulatory authorities, accounting and finance professionals, chief executive officers, chief audit officers and chief financial officers, chief financial officers, as well as business and management academic researchers, will benefit from reading this book.

Artificial Economics

Artificial Economics
Author: Ruben Mercado
Publsiher: Cambridge University Press
Total Pages: 196
Release: 2021-10-31
ISBN: 1316517098
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Artificial Economics Book Excerpt:

An introductory overview of the methods, models and interdisciplinary links of artificial economics. Addresses the differences between the assumptions and methods of artificial economics and those of mainstream economics. This is one of the first books to fully address, in an intuitive and conceptual form, this new way of doing economics.

The Impact of Artificial Intelligence on Governance Economics and Finance Volume 2

The Impact of Artificial Intelligence on Governance  Economics and Finance  Volume 2
Author: Sezer Bozkuş Kahyaoğlu
Publsiher: Springer Nature
Total Pages: 135
Release: 2022
ISBN: 9811689970
Category: Electronic Book
Language: EN, FR, DE, ES & NL

The Impact of Artificial Intelligence on Governance Economics and Finance Volume 2 Book Excerpt:

Economics of the Fourth Industrial Revolution

Economics of the Fourth Industrial Revolution
Author: Nicholas Johnson,Brendan Markey-Towler
Publsiher: Routledge
Total Pages: 198
Release: 2020-10-25
ISBN: 0429771703
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Economics of the Fourth Industrial Revolution Book Excerpt:

This book applies cutting-edge economic analysis and social science to unpack the rich complexities and paradoxes of the Fourth Industrial Revolution. The book takes the reader on a bold, refreshing, and informative tour through its technological drivers, its profound impact on human ecosystems, and its potential for sustainable human development. The overarching message to the reader is that the Fourth Industrial Revolution is not merely something to be feared or survived; rather, this dramatic collision of technologies, disciplines, and ideas presents a magnificent opportunity for a generation of new pioneers to rewrite "accepted rules" and find new avenues to empower billions of people to thrive. This book will help readers to discern the difference between disruption and transformation. The reader will come away from this book with a deeply intuitive and highly contextual understanding of the core technological advances transforming the world as we know it. Beyond this, the reader will clearly appreciate the future impacts on our economies and social structures. Most importantly, the reader will receive an insightful and actionable set of guidelines to assist them in harnessing the Fourth Industrial Revolution so that both they and their communities may flourish. The authors do not primarily seek to make prescriptions for government policy, but rather to speak directly to people about what they can do for themselves, their families, and their communities to be future-proofed and ready to adapt to life in a rapidly evolving world ecosystem.

Applications of Artificial Intelligence in Business Education and Healthcare

Applications of Artificial Intelligence in Business  Education and Healthcare
Author: Allam Hamdan,Aboul Ella Hassanien,Reem Khamis,Bahaaeddin Alareeni,Anjum Razzaque,Bahaa Awwad
Publsiher: Springer Nature
Total Pages: 511
Release: 2021-07-12
ISBN: 3030720802
Category: Technology & Engineering
Language: EN, FR, DE, ES & NL

Applications of Artificial Intelligence in Business Education and Healthcare Book Excerpt:

This book focuses on the implementation of Artificial Intelligence in Business, Education and Healthcare, It includes research articles and expository papers on the applications of Artificial Intelligence on Decision Making, Entrepreneurship, Social Media, Healthcare, Education, Public Sector, FinTech, and RegTech. It also discusses the role of Artificial Intelligence in the current COVID-19 pandemic, in the health sector, education, and others. It also discusses the impact of Artificial Intelligence on decision-making in vital sectors of the economy.

Towards an International Political Economy of Artificial Intelligence

Towards an International Political Economy of Artificial Intelligence
Author: Tugrul Keskin,Ryan David Kiggins
Publsiher: Springer Nature
Total Pages: 258
Release: 2021-07-01
ISBN: 3030744205
Category: Political Science
Language: EN, FR, DE, ES & NL

Towards an International Political Economy of Artificial Intelligence Book Excerpt:

This volume seeks to leverage academic interdisciplinarity to develop insight into how Artificial intelligence (AI), the latest GPT to emerge, may influence or radically change socio-political norms, practices, and institutions. AI may best be understood as a predictive technology. “Prediction is the process of filling in missing information. Prediction takes information you have, often called ‘data’, and uses it to generate information you don’t have” (Agrawal, Gans, and Goldfarb 2018, 13; also see Mayer-Schonberger and Ramge 2018). AI makes prediction cheap because the cost of information is now close to zero. Cheap prediction through AI technologies are radically altering how we govern ourselves, interact with each other, and sustain society. Contributors to this volume represent the academic disciplines of Sociology and Political Science working within a diverse set of intra-disciplinary fields that when combined, yield novel insights into the following questions guiding this volume: How might AI transform people? How might AI transform socio-political practices? How might AI transform socio-political institutions?

Inside the Global Economy

Inside the Global Economy
Author: Andrew Vonnegut
Publsiher: Rowman & Littlefield
Total Pages: 332
Release: 2017-09-05
ISBN: 1442277300
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Inside the Global Economy Book Excerpt:

This comprehensive and informed text offers a practical introduction to the workings of the global economy. Drawing on his hands-on experience in international finance and economic policy, Andrew Vonnegut clearly explains economic concepts and illustrates them with cogent case studies. He describes the global economy by combining principles of economics with investment finance, decision theory, economic history, behavioral psychology, and accounting. Within a rigorous framework that sheds light on the reasons behind international economic events and trends, he brings the people, institutions, incentives, and money flows of the global economy to life. Oriented toward professionals and students, working or intending to work in the global economy, this book fills an important void. It will be invaluable for practitioners in business, investment finance, public policy, consulting, global studies, and journalism. Providing the tools needed to understand international economics, Vonnegut enlightens readers on the people, behaviors, and institutions behind trade and investment flows in today’s globalized economies, and how they all contribute to the volatile and dynamic world we are experiencing.