Artificial Intelligence And Economics The Key To The Future

This book aims to deal with the main advances in the study of artificial intelligence, the digital and circular economy and innovation from a multidisciplinary perspective. Whoever governs the artificial intelligence will hold the keys to the world and the future. This consideration explains the growing role of artificial intelligence in our lives and the need to understand its mechanisms. This book presents original research articles addressing various aspects of artificial intelligence applied to economics, law, management, and optimization. The topics discussed include, economics, territorial policies, law, resource allocation strategies, information technology, and learning for inclusion. Combining the input of contributing professors and researchers from Italian and other foreign universities, the book is of interest to students, researchers, and practitioners, as well as members of the public in general, interested in the world of the artificial intelligence and economics.

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.

The book aims to deal with the main advances in the study of artificial intelligence, the digital and circular economy, and innovation from a multidisciplinary perspective. Whoever governs the artificial intelligence will hold the keys to the world and the future. This book explains the growing role of artificial intelligence in our lives and the need to understand its mechanisms. The book presents original research articles addressing various aspects of artificial intelligence applied to economics, law, management, and optimization. The topics discussed include economics, territorial policies, law, resource allocation strategies, information technology, and learning for inclusion. Combining the input of contributing professors and researchers from Italian and other foreign universities, the book is of interest to students, researchers, and practitioners, as well as members of the public in general, interested in the world of the artificial intelligence and economics.

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 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.​

Gold winner in Business Technology category, 2020 Axiom Business Book Awards Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future. Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future.

Prepare for the coming convergence of AI and quantum computing A collection of essays from 20 renowned, international authors working in industry, academia, and government, Convergence: Artificial Intelligence and Quantum Computing explains the impending convergence of artificial intelligence and quantum computing. A diversity of viewpoints is presented, each offering their view of this coming watershed event. In the book, you’ll discover that we’re on the cusp of seeing the stuff of science fiction become reality, with huge implications for ripping up the existing social fabric, global economy, and current geopolitical order. Along with an incisive foreword by Hugo- and Nebula-award winning author David Brin, you’ll also find: Explorations of the increasing pace of technological development Explanations of why seemingly unusual and surprising breakthroughs might be just around the corner Maps to navigate the potential minefields that await us as AI and quantum computing come together A fascinating and thought-provoking compilation of insights from some of the leading technological voices in the world, Convergence convincingly argues that we should prepare for a world in which very little will remain the same and shows us how to get ready.