By Ad. J. W. van de Gevel, Charles N. Noussair (auth.)
The manuscript experiences a few key principles approximately synthetic intelligence, and relates them to economics. those contain its relation to robotics, and the innovations of artificial feelings, recognition, and existence. the commercial implications of the arrival of synthetic intelligence, akin to its impression on costs and wages, applicable patent coverage, and the potential for accelerating productiveness, are mentioned. The transforming into box of synthetic economics and using synthetic brokers in experimental economics is considered.
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Extra info for The Nexus between Artificial Intelligence and Economics
This involves a search from a population of solutions, in which a competitive selection weeds out poor solutions. The solutions with high fitness are recombined with other solutions by swapping parts of a solution with another one. This process continues until some convergence criteria are satisfied. Focusing on the automated creation of networks/meshworks using AI probably means that it will be hard, if not impossible, for humans to understand exactly what goes on in the AI. But using the correct tools it should be possible to steer the development of AI systems.
Whenever an apparently mundane problem was solved, such as building a system that could land an aircraft unattended, or read handwritten postcodes to speed mail sorting, the problem was deemed by some not to have been AI in the first place. If it works, it can not be AI, was the saying. The effect of repeatedly moving the goal-posts in this way was that AI came to refer to blue-sky research that was still years away from commercialization. Researchers joked that AI stood for ‘Almost Implemented’.
Human analogies are dangerous, both because they assume far too much built-in positive functionality, and because they do not warn against possible negative outcomes resulting from human behaviors, which may not be shared by an AI. The appropriate response to the threat posed by such superintelligence is to attempt to ensure that such intelligent minds specifically feel motivated to not harm other intelligent minds and will deploy their resources towards devising better methods of keeping them from harm.
The Nexus between Artificial Intelligence and Economics by Ad. J. W. van de Gevel, Charles N. Noussair (auth.)