Artificial Intelligence and Economic Theory: Skynet in the Market

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Author :
Publisher : Springer
ISBN 13 : 3319661043
Total Pages : 206 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Artificial Intelligence and Economic Theory: Skynet in the Market by : Tshilidzi Marwala

Download or read book Artificial Intelligence and Economic Theory: Skynet in the Market written by Tshilidzi Marwala and published by Springer. This book was released on 2017-09-18 with total page 206 pages. Available in PDF, EPUB and Kindle. 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.

Artificial Intelligence in Economics and Finance Theories

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Author :
Publisher : Springer Nature
ISBN 13 : 3030429628
Total Pages : 131 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Artificial Intelligence in Economics and Finance Theories by : Tankiso Moloi

Download or read book Artificial Intelligence in Economics and Finance Theories written by Tankiso Moloi and published by Springer Nature. This book was released on 2020-05-07 with total page 131 pages. Available in PDF, EPUB and Kindle. 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.

The Balancing Problem in the Governance of Artificial Intelligence

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Author :
Publisher : Springer Nature
ISBN 13 : 9819792517
Total Pages : 251 pages
Book Rating : 4.8/5 (197 download)

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Book Synopsis The Balancing Problem in the Governance of Artificial Intelligence by : Tshilidzi Marwala

Download or read book The Balancing Problem in the Governance of Artificial Intelligence written by Tshilidzi Marwala and published by Springer Nature. This book was released on with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Artificial Intelligence, Game Theory and Mechanism Design in Politics

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Author :
Publisher : Springer Nature
ISBN 13 : 9819951038
Total Pages : 221 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Artificial Intelligence, Game Theory and Mechanism Design in Politics by : Tshilidzi Marwala

Download or read book Artificial Intelligence, Game Theory and Mechanism Design in Politics written by Tshilidzi Marwala and published by Springer Nature. This book was released on 2023-08-04 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how AI and mechanism design can provide a new framework for international politics. The international political system is all manners in which countries, governments and people relate. Mechanism design in international politics relates to identifying rules that define relationships between people and countries that achieve a particular outcome, e.g., peace or more trade or democracy or economic development. Artificial intelligence is technique of making machines intelligent. This book explores mechanism design and artificial intelligence in international politics and applies these technologies to politics, economy and society. This book will be of interest to scholars of international relations, politics, sustainable development, and artificial intelligence.

Smart Computing Applications in Crowdfunding

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Author :
Publisher : CRC Press
ISBN 13 : 1351265075
Total Pages : 533 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Smart Computing Applications in Crowdfunding by : Bo Xing

Download or read book Smart Computing Applications in Crowdfunding written by Bo Xing and published by CRC Press. This book was released on 2018-12-07 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses on smart computing for crowdfunding usage, looking at the crowdfunding landscape, e.g., reward-, donation-, equity-, P2P-based and the crowdfunding ecosystem, e.g., regulator, asker, backer, investor, and operator. The increased complexity of fund raising scenario, driven by the broad economic environment as well as the need for using alternative funding sources, has sparked research in smart computing techniques. Covering a wide range of detailed topics, the authors of this book offer an outstanding overview of the current state of the art; providing deep insights into smart computing methods, tools, and their applications in crowdfunding; exploring the importance of smart analysis, prediction, and decision-making within the fintech industry. This book is intended to be an authoritative and valuable resource for professional practitioners and researchers alike, as well as finance engineering, and computer science students who are interested in crowdfunding and other emerging fintech topics.

Impact of Smart Technologies and Artificial Intelligence (AI) Paving Path Towards Interdisciplinary Research in the Fields of Engineering, Arts, Humanities, Commerce, Economics, Social Sciences, Law and Management - Challenges and Opportunities

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Author :
Publisher : Shanlax Publications
ISBN 13 : 9391373127
Total Pages : 332 pages
Book Rating : 4.3/5 (913 download)

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Book Synopsis Impact of Smart Technologies and Artificial Intelligence (AI) Paving Path Towards Interdisciplinary Research in the Fields of Engineering, Arts, Humanities, Commerce, Economics, Social Sciences, Law and Management - Challenges and Opportunities by : Dr. Sundari Suresh

Download or read book Impact of Smart Technologies and Artificial Intelligence (AI) Paving Path Towards Interdisciplinary Research in the Fields of Engineering, Arts, Humanities, Commerce, Economics, Social Sciences, Law and Management - Challenges and Opportunities written by Dr. Sundari Suresh and published by Shanlax Publications. This book was released on with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This e-ISBN collection of 34 chapters draws on the diverse insights of the opportunities and emerging challenges, changes in the smart technologies and artificial intelligence{AI} paving path towards interdisciplinary research in the fields of Engineering, Arts, Humanities, Commerce, Economics, Social Sciences, Law and Management. It offers decision-makers a comprehensive picture of the impact of Smart technologies and Artificial Intelligence (AI) expected in the long-term changes, and inspiration to leverage the opportunities that offer to improve the state of education. Academicians must find and establish a new equilibrium and a new normal for learning amid the present challenges.

Rational Machines and Artificial Intelligence

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Publisher : Academic Press
ISBN 13 : 0128209445
Total Pages : 272 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis Rational Machines and Artificial Intelligence by : Tshilidzi Marwala

Download or read book Rational Machines and Artificial Intelligence written by Tshilidzi Marwala and published by Academic Press. This book was released on 2021-03-31 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligent machines are populating our social, economic and political spaces. These intelligent machines are powered by Artificial Intelligence technologies such as deep learning. They are used in decision making. One element of decision making is the issue of rationality. Regulations such as the General Data Protection Regulation (GDPR) require that decisions that are made by these intelligent machines are explainable. Rational Machines and Artificial Intelligence proposes that explainable decisions are good but the explanation must be rational to prevent these decisions from being challenged. Noted author Tshilidzi Marwala studies the concept of machine rationality and compares this to the rationality bounds prescribed by Nobel Laureate Herbert Simon and rationality bounds derived from the work of Nobel Laureates Richard Thaler and Daniel Kahneman. Rational Machines and Artificial Intelligence describes why machine rationality is flexibly bounded due to advances in technology. This effectively means that optimally designed machines are more rational than human beings. Readers will also learn whether machine rationality can be quantified and identify how this can be achieved. Furthermore, the author discusses whether machine rationality is subjective. Finally, the author examines whether a population of intelligent machines collectively make more rational decisions than individual machines. Examples in biomedical engineering, social sciences and the financial sectors are used to illustrate these concepts. - Provides an introduction to the key questions and challenges surrounding Rational Machines, including, When do we rely on decisions made by intelligent machines? What do decisions made by intelligent machines mean? Are these decisions rational or fair? Can we quantify these decisions? and Is rationality subjective? - Introduces for the first time the concept of rational opportunity costs and the concept of flexibly bounded rationality as a rationality of intelligent machines and the implications of these issues on the reliability of machine decisions - Includes coverage of Rational Counterfactuals, group versus individual rationality, and rational markets - Discusses the application of Moore's Law and advancements in Artificial Intelligence, as well as developments in the area of data acquisition and analysis technologies and how they affect the boundaries of intelligent machine rationality

Artificial Intelligence and the Law

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Author :
Publisher : Springer Nature
ISBN 13 : 9819728274
Total Pages : 267 pages
Book Rating : 4.8/5 (197 download)

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Book Synopsis Artificial Intelligence and the Law by : Tshilidzi Marwala

Download or read book Artificial Intelligence and the Law written by Tshilidzi Marwala and published by Springer Nature. This book was released on with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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

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Author :
Publisher : Springer Nature
ISBN 13 : 981336811X
Total Pages : 328 pages
Book Rating : 4.8/5 (133 download)

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Book Synopsis The Impact of Artificial Intelligence on Governance, Economics and Finance, Volume I by : Sezer Bozkuş Kahyaoğlu

Download or read book The Impact of Artificial Intelligence on Governance, Economics and Finance, Volume I written by Sezer Bozkuş Kahyaoğlu and published by Springer Nature. This book was released on 2021-04-26 with total page 328 pages. Available in PDF, EPUB and Kindle. 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.

Handbook Of Machine Learning - Volume 2: Optimization And Decision Making

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Author :
Publisher : World Scientific
ISBN 13 : 981120568X
Total Pages : 321 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Handbook Of Machine Learning - Volume 2: Optimization And Decision Making by : Tshilidzi Marwala

Download or read book Handbook Of Machine Learning - Volume 2: Optimization And Decision Making written by Tshilidzi Marwala and published by World Scientific. This book was released on 2019-11-21 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on , this volume on Optimization and Decision Making covers a range of algorithms and their applications. Like the first volume, it provides a starting point for machine learning enthusiasts as a comprehensive guide on classical optimization methods. It also provides an in-depth overview on how artificial intelligence can be used to define, disprove or validate economic modeling and decision making concepts.

The Economics of Artificial Intelligence

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Publisher : University of Chicago Press
ISBN 13 : 0226833127
Total Pages : 172 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Handbook Of Machine Learning - Volume 1: Foundation Of Artificial Intelligence

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Author :
Publisher : World Scientific
ISBN 13 : 9813271248
Total Pages : 329 pages
Book Rating : 4.8/5 (132 download)

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Book Synopsis Handbook Of Machine Learning - Volume 1: Foundation Of Artificial Intelligence by : Tshilidzi Marwala

Download or read book Handbook Of Machine Learning - Volume 1: Foundation Of Artificial Intelligence written by Tshilidzi Marwala and published by World Scientific. This book was released on 2018-10-22 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive book on the theories of artificial intelligence with an emphasis on their applications. It combines fuzzy logic and neural networks, as well as hidden Markov models and genetic algorithm, describes advancements and applications of these machine learning techniques and describes the problem of causality. This book should serves as a useful reference for practitioners in artificial intelligence.

Birth of Modern Facts

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Publisher : Rowman & Littlefield
ISBN 13 : 1538173913
Total Pages : 462 pages
Book Rating : 4.5/5 (381 download)

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Book Synopsis Birth of Modern Facts by : James W. Cortada

Download or read book Birth of Modern Facts written by James W. Cortada and published by Rowman & Littlefield. This book was released on 2023-01-09 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: For over twenty years, James W. Cortada has pioneered research into how information shapes society. In this book he tells the story of how information evolved since the mid-nineteenth century. Cortada argues that information increased in quantity, became more specialized by discipline (e.g., mathematics, science, political science), and more organized. Information increased in volume due to a series of innovations, such as the electrification of communications and the development of computers, but also due to the organization of facts and knowledge by discipline, making it easier to manage and access. He looks at what major disciplines have done to shape the nature of modern information, devoting chapters to the most obvious ones. Cortada argues that understanding how some features of information evolved is useful for those who work in subjects that deal with their very construct and application, such as computer scientists and those exploring social media and, most recently, history. The Birth of Modern Facts builds on Cortada’s prior books examining how information became a central feature of modern society, most notably as a sequel to All the Facts: A History of Information in the United States since 1870 (OUP, 2016) and Building Blocks of Society: History, Information Ecosystems, and Infrastructures (R&L, 2021).

New Foundation Of Artificial Intelligence

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Author :
Publisher : World Scientific
ISBN 13 : 9811232229
Total Pages : 403 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis New Foundation Of Artificial Intelligence by : Ming Xie

Download or read book New Foundation Of Artificial Intelligence written by Ming Xie and published by World Scientific. This book was released on 2020-12-22 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book lays a new foundation toward achieving artificial self-intelligence by future machines such as intelligent vehicles. Its chapters provide a broad coverage to the three key modules behind the design and development of intelligent vehicles for the ultimate purpose of actively ensuring driving safety as well as preventing accidents from all possible causes. Self-contained and unified in presentation, the book explains in details the fundamental solutions of vehicle's perception, vehicle's decision-making, and vehicle's action-taking in a pedagogic order.Besides the fundamental knowledge and concepts of intelligent vehicle's perception, decision and action, this book includes a comprehensive set of real-life application scenarios in which intelligent vehicles will play a major role or contribution. These case studies of real-life applications will help motivate students to learn this exciting subject. With concise and simple explanations, and boasting a rich set of graphical illustrations, the book is an invaluable source for both undergraduate and postgraduate courses, on artificial intelligence, intelligent vehicle, and robotics, which are offered in automotive engineering, computer engineering, electronic engineering, and mechanical engineering. In addition, the book will help strengthen the knowledge and skills of young researchers who want to venture into the research and development of artificial self-intelligence for intelligent vehicles of the future.Related Link(s)

Data Mining and Knowledge Discovery with Evolutionary Algorithms

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3662049236
Total Pages : 272 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis Data Mining and Knowledge Discovery with Evolutionary Algorithms by : Alex A. Freitas

Download or read book Data Mining and Knowledge Discovery with Evolutionary Algorithms written by Alex A. Freitas and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book integrates two areas of computer science, namely data mining and evolutionary algorithms. Both these areas have become increasingly popular in the last few years, and their integration is currently an active research area. In general, data mining consists of extracting knowledge from data. The motivation for applying evolutionary algorithms to data mining is that evolutionary algorithms are robust search methods which perform a global search in the space of candidate solutions. This book emphasizes the importance of discovering comprehensible, interesting knowledge, which is potentially useful for intelligent decision making. The text explains both basic concepts and advanced topics

Intelligent Connectivity

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Publisher : John Wiley & Sons
ISBN 13 : 1119685214
Total Pages : 352 pages
Book Rating : 4.1/5 (196 download)

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Book Synopsis Intelligent Connectivity by : Abdulrahman Yarali

Download or read book Intelligent Connectivity written by Abdulrahman Yarali and published by John Wiley & Sons. This book was released on 2021-09-28 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: INTELLIGENT CONNECTIVITY AI, IOT, AND 5G Explore the economics and technology of AI, IOT, and 5G integration Intelligent Connectivity: AI, IoT, and 5G delivers a comprehensive technological and economic analysis of intelligent connectivity and the integration of artificial intelligence, Internet of Things (IoT), and 5G. It covers a broad range of topics, including Machine-to-Machine (M2M) architectures, edge computing, cybersecurity, privacy, risk management, IoT architectures, and more. The book offers readers robust statistical data in the form of tables, schematic diagrams, and figures that provide a clear understanding of the topic, along with real-world examples of applications and services of intelligent connectivity in different sectors of the economy. Intelligent Connectivity describes key aspects of the digital transformation coming with the 4th industrial revolution that will touch on industries as disparate as transportation, education, healthcare, logistics, entertainment, security, and manufacturing. Readers will also get access to: A thorough introduction to technology adoption and emerging trends in technology, including business trends and disruptive new applications Comprehensive explorations of telecommunications transformation and intelligent connectivity, including learning algorithms, machine learning, and deep learning Practical discussions of the Internet of Things, including its potential for disruption and future trends for technological development In-depth examinations of 5G wireless technology, including discussions of the first five generations of wireless tech Ideal for telecom and information technology managers, directors, and engineers, Intelligent Connectivity: AI, IoT, and 5G is also an indispensable resource for senior undergraduate and graduate students in telecom and computer science programs.

Mechanism Design, Behavioral Science and Artificial Intelligence in International Relations

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Author :
Publisher : Elsevier
ISBN 13 : 0443239835
Total Pages : 314 pages
Book Rating : 4.4/5 (432 download)

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Book Synopsis Mechanism Design, Behavioral Science and Artificial Intelligence in International Relations by : Tshilidzi Marwala

Download or read book Mechanism Design, Behavioral Science and Artificial Intelligence in International Relations written by Tshilidzi Marwala and published by Elsevier. This book was released on 2024-07-23 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent advances in AI and Mechanism Design provide a vital tool for solving collective action problems, common in international relations. By using AI to optimize mechanisms for cooperation and coordination, we can better address issues such as climate change, trade, and security. Mechanism Design, Behavioral Science and Artificial Intelligence in International Relations shows readers how the intersection of Mechanism Design and Artificial Intelligence is revolutionizing the way we approach international relations. By using AI to optimize mechanisms, we can design better institutions, policies, and agreements that are more effective and efficient. Dr. Tshilidzi Marwala, United Nations University Rector and UN Under-Secretary General, presents the essential technologies used in Game Theory, Mechanism Design and AI and applies these to significant global issues such as interstate conflict, cybersecurity, and energy. International relations are a complex field, with many different actors and interests in play. By incorporating AI into our analysis and decision-making processes, we can better understand and predict the behavior of multiple actors and design mechanisms that take these behaviors into account, thereby producing more desirable and creative interdisciplinary approaches. The book presents real-world applications of these rapidly evolving technologies in crucial research fields such as Interstate Conflict, International Trade, Climate Change, Water management, Energy, cybersecurity, and global finance. - Provides insights for computer scientists, researchers, practitioners, and policymakers on how to develop practical tools to solve many complex problems in international relations, such as climate change, cybersecurity, and interstate conflict - Presents the necessary computer science, mathematical methods, and techniques in AI, game theory, mechanism design, and algorithm development - Includes real-world applications of AI and mechanism design in a wide variety of research topics, such as international conflict, international trade, climate change, water management, energy management, cybersecurity, and global finance