Artificial intelligence and economic theory : Skynet in the market /: Skynet in the market. (2017)

• Record Type: Book
• Further Information: Note: Tshilidzi Marwala, Evan Hurwitz.
• Authors: Marwala, Tshilidzi, 1971-; Hurwitz, Evan
• Contents: Preface; Contents; About the Authors; 1 Introduction to Man and Machines; Abstract; 1.1 Introduction; 1.2 Economics and Economic Theory; 1.3 Artificial Intelligence; 1.4 Conclusion; References; 2 Supply and Demand; Abstract; 2.1 Introduction; 2.2 Scarcity; 2.3 Utilitarianism; 2.4 Supply and Demand; 2.5 Factors Influencing Demand and Supply; 2.6 Artificial Intelligence (AI) and Demand and Supply; 2.7 Conclusion; References; 3 Rational Choice and Rational Expectations; Abstract; 3.1 Introduction; 3.2 Adaptive and Rational Expectations; 3.3 What Is Rational Choice?; 3.4 Information; 3.5 Choices. 3.6 Optimization3.7 Rational Choice; 3.8 Rational Choice and Opportunity Cost; 3.9 Rational Choice and Artificial Intelligence; 3.10 Interstate Conflict and Rational Choice; 3.11 Conclusion; References; 4 Bounded Rationality; Abstract; 4.1 Introduction; 4.2 Rational Decision Making: A Causal Approach; 4.3 Rational Decision Making Process; 4.4 Bounded-Rational Decision Making; 4.5 Credit Scoring; 4.6 Conclusions; References; 5 Behavioral Economics; Abstract; 5.1 Introduction; 5.2 Behavioural Economics; 5.3 Behavioural Economics and Demand and Supply. 5.4 Behavioural Economics and Rational Expectations5.5 Behavioural Economics and Bounded Rationality; 5.6 Artificial Intelligence and Behavioural Economics; 5.7 Moore's Law; 5.8 Conclusions; References; 6 Information Asymmetry; Abstract; 6.1 Introduction; 6.2 Asymmetric Information; 6.3 Artificial Intelligence Makes Us Wiser; 6.4 Asymmetric Information and Market Efficiency; 6.5 Information Asymmetry and Trading Volumes; 6.6 Conclusion; References; 7 Game Theory; Abstract; 7.1 Introduction; 7.2 Game-Theory Artefacts; 7.3 Multi-agent Modelling; 7.3.1 Complexity Modelling; 7.3.2 Economics. 7.3.3 Social Sciences7.4 Intelligent Agents; 7.5 The Road Ahead; 7.6 Conclusions; References; 8 Pricing; Abstract; 8.1 Introduction; 8.2 Pricing; 8.3 Value Theory; 8.4 Game Theory; 8.5 Rational Pricing; 8.6 Capital Asset Pricing Model; 8.7 Black-Scholes Equation; 8.8 Demand and Supply; 8.9 Conclusions; References; 9 Efficient Market Hypothesis; Abstract; 9.1 Introduction; 9.2 Efficient Market Hypothesis; 9.3 Rational Expectations; 9.4 Rational Choice; 9.5 Bounded Rationality; 9.6 Information Asymmetry; 9.7 Behavioral Economics; 9.8 Game Theory; 9.9 Demand and Supply; 9.10 Pricing. 9.11 Artificial Intelligence9.12 Conclusions; References; 10 Mechanism Design; Abstract; 10.1 Introduction; 10.2 The Players; 10.3 Efficiency and Equilibria; 10.4 Incentive Compatibility and the Revelation Principle; 10.5 Goalposts; 10.6 So What?; 10.7 Through the Looking Glass; 10.8 Application to Market Design; 10.9 Conclusions; References; 11 Portfolio Theory; Abstract; 11.1 Introduction; 11.2 Assumptions and Limitations; 11.3 The Trading Machine; 11.4 The Emerging Trading Machine; 11.5 Intelligence; 11.6 Evolutionary Programming; 11.7 Results Analysis; 11.8 Conclusion; References.
• Publisher Details: Cham : Springer
• Publication Date: 2017
• Extent: 1 online resource
• Subjects: 330.01/13; Computer science; Economics -- Computer simulation; Economics -- Data processing; Artificial intelligence; BUSINESS & ECONOMICS -- Economics -- General; BUSINESS & ECONOMICS -- Reference; Artificial intelligence; Economics -- Computer simulation; Economics -- Data processing; Computers -- Online Services -- General; Business & Economics -- Economics -- Theory; Computer science; Economic theory & philosophy; Economic theory; Computers -- Intelligence (AI) & Semantics; Artificial intelligence; Electronic books
• Languages: English
• ISBNs: 9783319661049; 3319661043
• Related ISBNs: 9783319661032; 3319661035
• Notes: Note: Includes bibliographical references and index.; Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.