The Nexus between Artificial Intelligence and Economics

• Main Authors: van de Gevel, Ad. J. W. (Author), Noussair, Charles N. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2013.
• Series: SpringerBriefs in Economics,
• Subjects: Economics.; Artificial intelligence.; Microeconomics.; Economics, Mathematical.; Economics/Management Science.; Artificial Intelligence (incl. Robotics).; Game Theory/Mathematical Methods.; Economic Theory.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-33648-5
• Physical Description: VIII, 115 p. 1 illus. online resource.
• ISBN: 9783642336485
• ISSN: 2191-5504

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.