Titlebook: Artificial Intelligence and Economic Theory: Skynet in the Market; Tshilidzi Marwala,Evan Hurwitz Book 2017 Springer International Publish

Confound

Upsurge in Antibiotic-Resistant Infectionsn beings, we have perceived causality through correlation. Because of this fact, causality has often been confused for correlation. This chapter studies the evolution of causality including the influential work of David Hume and its relevance to economics and finance. It studies various concepts and

abduction

自由职业者

Introduction to Man and Machines, that have concerned economics and finance in the last 300 years. These ideas include Marxist thinking, the theory of invisible hand, the theory of equilibrium and the theory of comparative advantage. It, furthermore, describes methods in artificial intelligence such as learning, optimization and sw

ROOF

Supply and Demand,elationship between price and quantity of goods. For example, if the price of a good is low the customer will buy more goods and services than if the price is high. The relationship between price and the willingness of the customers to buy goods and services is called the demand curve. The other asp

同时发生

Rational Choice and Rational Expectations,y ought to use all the information available and consider all the options available to select an optimal choice. This chapter investigates what happens when decisions are made by artificial intelligent machines in the market rather than human beings. Firstly, the expectations of the future are more

柱廊

Bounded Rationality,it is a human being is inconsistent in making a decision that maximizes utility. Since the world is not perfect and decisions are made irrespective of the fact that the information to be used is incomplete and imperfect, these decisions are rationally limited (bounded). Recent advances in artificial

Aerophagia

Behavioral Economics, work he did with Tversky, Kahneman describes human thought as being divided into two systems i.e. System 1 which is fast, intuitive and emotional, and System 2, which is slow, rational and calculating. He further described these systems as being the basis for human reasoning, or the lack thereof, a

Vasoconstrictor

灯丝

esoteric