,

Artificial Intelligence and Economic Theory: Skynet in the Market

Paperback Engels 2018 9783319881775
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

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.

Specificaties

ISBN13:9783319881775
Taal:Engels
Bindwijze:paperback
Uitgever:Springer International Publishing

Lezersrecensies

Wees de eerste die een lezersrecensie schrijft!

Inhoudsopgave

<p>Introduction to Man and Machines.- Supply and Demand.- Rational Choice and Rational Expectations.- Bounded Rationality.- Behavioral Economics.- Information Asymmetry.- Game Theory.- Pricing.- Efficient Market Hypothesis.- Mechanism Design.- Portfolio Theory.- Counterfactuals.- Financial Engineering.- Causality.- Future Work.- Appendices.- Index.</p>

Managementboek Top 100

Rubrieken

Populaire producten

    Personen

      Trefwoorden

        Artificial Intelligence and Economic Theory: Skynet in the Market