000 | 04605nam a22005655i 4500 | ||
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001 | 978-3-030-42962-1 | ||
003 | DE-He213 | ||
005 | 20240423125042.0 | ||
007 | cr nn 008mamaa | ||
008 | 200507s2020 sz | s |||| 0|eng d | ||
020 |
_a9783030429621 _9978-3-030-42962-1 |
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024 | 7 |
_a10.1007/978-3-030-42962-1 _2doi |
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050 | 4 | _aQ334-342 | |
050 | 4 | _aTA347.A78 | |
072 | 7 |
_aUYQ _2bicssc |
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072 | 7 |
_aCOM004000 _2bisacsh |
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072 | 7 |
_aUYQ _2thema |
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082 | 0 | 4 |
_a006.3 _223 |
100 | 1 |
_aMoloi, Tankiso. _eauthor. _4aut _4http://id.loc.gov/vocabulary/relators/aut |
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245 | 1 | 0 |
_aArtificial Intelligence in Economics and Finance Theories _h[electronic resource] / _cby Tankiso Moloi, Tshilidzi Marwala. |
250 | _a1st ed. 2020. | ||
264 | 1 |
_aCham : _bSpringer International Publishing : _bImprint: Springer, _c2020. |
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300 |
_aX, 125 p. 22 illus., 18 illus. in color. _bonline resource. |
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336 |
_atext _btxt _2rdacontent |
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337 |
_acomputer _bc _2rdamedia |
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338 |
_aonline resource _bcr _2rdacarrier |
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_atext file _bPDF _2rda |
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490 | 1 |
_aAdvanced Information and Knowledge Processing, _x2197-8441 |
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505 | 0 | _aIntroduction to Artificial Intelligence in Economics and Finance Theories -- The Growth Model -- Comparative Advantage -- The Dual-Sector Model -- Dynamic Inconsistency Theory -- The Philipps Curve -- The Laffer Curve -- Adverse Selection -- Moral Hazard -- Creative Destruction -- The Agency Theory -- The Legitimacy Theory and the Legitimacy Gap -- Synopsis: Artificial Intelligence in Finance and Economics Theories -- Index . | |
520 | _aAs Artificial Intelligence (AI) seizes all aspects of human life, there is a fundamental shift in the way in which humans are thinking of and doing things. Ordinarily, humans have relied on economics and finance theories to make sense of, and predict concepts such as comparative advantage, long run economic growth, lack or distortion of information and failures, role of labour as a factor of production and the decision making process for the purpose of allocating resources among other theories. Of interest though is that literature has not attempted to utilize these advances in technology in order to modernize economic and finance theories that are fundamental in the decision making process for the purpose of allocating scarce resources among other things. With the simulated intelligence in machines, which allows machines to act like humans and to some extent even anticipate events better than humans, thanks to their ability to handle massive data sets, this book will use artificialintelligence to explain what these economic and finance theories mean in the context of the agent wanting to make a decision. The main feature of finance and economic theories is that they try to eliminate the effects of uncertainties by attempting to bring the future to the present. The fundamentals of this statement is deeply rooted in risk and risk management. In behavioural sciences, economics as a discipline has always provided a well-established foundation for understanding uncertainties and what this means for decision making. Finance and economics have done this through different models which attempt to predict the future. On its part, risk management attempts to hedge or mitigate these uncertainties in order for “the planner” to reach the favourable outcome. This book focuses on how AI is to redefine certain important economic and financial theories that are specifically used for the purpose of eliminating uncertainties so as to allow agents to make informed decisions.In effect, certain aspects of finance and economic theories cannot be understood in their entirety without the incorporation of AI. | ||
650 | 0 | _aArtificial intelligence. | |
650 | 0 | _aEconometrics. | |
650 | 0 | _aComputer networks . | |
650 | 1 | 4 | _aArtificial Intelligence. |
650 | 2 | 4 | _aQuantitative Economics. |
650 | 2 | 4 | _aComputer Communication Networks. |
700 | 1 |
_aMarwala, Tshilidzi. _eauthor. _4aut _4http://id.loc.gov/vocabulary/relators/aut |
|
710 | 2 | _aSpringerLink (Online service) | |
773 | 0 | _tSpringer Nature eBook | |
776 | 0 | 8 |
_iPrinted edition: _z9783030429614 |
776 | 0 | 8 |
_iPrinted edition: _z9783030429638 |
776 | 0 | 8 |
_iPrinted edition: _z9783030429645 |
830 | 0 |
_aAdvanced Information and Knowledge Processing, _x2197-8441 |
|
856 | 4 | 0 | _uhttps://doi.org/10.1007/978-3-030-42962-1 |
912 | _aZDB-2-SCS | ||
912 | _aZDB-2-SXCS | ||
942 | _cSPRINGER | ||
999 |
_c173687 _d173687 |