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

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Pricing,zzy logic to model volatility. The last one is the law of demand and supply, and it is found that the advent of AI within the context of online shopping infrastructure results in individualized pricing model.

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Reprise-The Five Phases of Restructuringmore AI agents that are deployed in the market, the less is the volume of trades in the market. This is because of the fact that for trades to occur, asymmetry of information should exist, thereby, creating a sense of arbitrage.

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1610-3947 e 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 optimizatio978-3-319-88177-5978-3-319-66104-9Series ISSN 1610-3947 Series E-ISSN 2197-8441

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Rational Choice and Rational Expectations,consistent if they are made by artificial intelligent machines than if they are made by human beings in that the bias and the variance of the error of the predictions are reduced. Furthermore, the decisions that are made are more rational and thus the marketplace becomes more rational.

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