Artificial Intelligence and Economic Theories
  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 such as the
swarming of birds, the working of the brain and the pathfinding of the ants.
These techniques have impact on economic theories. This book studies the impact
of artificial intelligence on economic theories, a subject that has not been
extensively studied. The theories that are considered are: demand and supply,
asymmetrical information, pricing, rational choice, rational expectation, game
theory, efficient market hypotheses, mechanism design, prospect, bounded
rationality, portfolio theory, rational counterfactual and causality. The
benefit of this book is that it evaluates existing theories of economics and
update them based on the developments in artificial intelligence field.
