Muller, Daniel (AI researcher)
On rationality, artificial intelligence and economics [electronic resource] / Daniel Muller, Fernando Buarque, Tshildizi Marwala. - Singapore : World Scientific, [2022] - 1 online resource (252 p.).
Includes bibliographical references and index.
Foreword -- Preface -- Acknowledgments -- About the authors -- Introduction -- Decision-making and rationality -- Artificial intelligence - Optimization -- Cost-value and utility dimensions and dynamics -- Relative net utility and the St. Petersburg paradox -- Value rational planning -- Inference of net-utility polarity of actions in oversubscription planning -- Conclusion -- Bibliography - Index.
"The world we live in presents plenty of tricky, impactful, and hard-to make decisions to be taken. Sometimes the available options are ample, at other times they are apparently binary, either way, they often confront us with dilemmas, paradoxes, and even denial of values. In the dawn of the age of intelligence, when robots are gradually taking over most decision making from humans, this book sheds a bit of light on decision rationale. It delves into the limits of these decision processes (for both humans and machines), and it does so by providing a new perspective that is somehow opposed to orthodox economics. All Economics reflections in this book are underlined and linked to Artificial Intelligence. The authors hope that this comprehensive and modern analysis, firmly grounded in the opinions of various ground-breaking Nobel laureate economists, may be helpful to a broad audience interested in how decisions may lead us all to flourishing societies. That is, societies in which economic blunders (caused by over simplification of problems and super estimation of tools) are reduced substantially"--
Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.
9789811255120 9811255121
2022010465
Economics--Mathematical models.
Artificial intelligence.
Decision making.
Planning.
Electronic books.
HB135 / .M857 2022
330.01/51
On rationality, artificial intelligence and economics [electronic resource] / Daniel Muller, Fernando Buarque, Tshildizi Marwala. - Singapore : World Scientific, [2022] - 1 online resource (252 p.).
Includes bibliographical references and index.
Foreword -- Preface -- Acknowledgments -- About the authors -- Introduction -- Decision-making and rationality -- Artificial intelligence - Optimization -- Cost-value and utility dimensions and dynamics -- Relative net utility and the St. Petersburg paradox -- Value rational planning -- Inference of net-utility polarity of actions in oversubscription planning -- Conclusion -- Bibliography - Index.
"The world we live in presents plenty of tricky, impactful, and hard-to make decisions to be taken. Sometimes the available options are ample, at other times they are apparently binary, either way, they often confront us with dilemmas, paradoxes, and even denial of values. In the dawn of the age of intelligence, when robots are gradually taking over most decision making from humans, this book sheds a bit of light on decision rationale. It delves into the limits of these decision processes (for both humans and machines), and it does so by providing a new perspective that is somehow opposed to orthodox economics. All Economics reflections in this book are underlined and linked to Artificial Intelligence. The authors hope that this comprehensive and modern analysis, firmly grounded in the opinions of various ground-breaking Nobel laureate economists, may be helpful to a broad audience interested in how decisions may lead us all to flourishing societies. That is, societies in which economic blunders (caused by over simplification of problems and super estimation of tools) are reduced substantially"--
Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.
9789811255120 9811255121
2022010465
Economics--Mathematical models.
Artificial intelligence.
Decision making.
Planning.
Electronic books.
HB135 / .M857 2022
330.01/51