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Behavioral Economics Read chapter Read first chapter

2020 | OriginalPaper | Chapter

6. Artificial Intelligence and Nudging

Author : DDr. Julia Puaschunder, MPA

Published in: Behavioral Economics and Finance Leadership

Publisher: Springer International Publishing

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Abstract

The introduction of Artificial Intelligence (AI) in our contemporary society imposes historically unique challenges for humankind. The emerging autonomy of AI holds unique potentials of eternal life of robots, AI and algorithms alongside unprecedented economic superiority, data storage and computational advantages. This chapter provides information on what impact AI taking over the workforce will have on economic growth. A theoretical background on standard neoclassical and heterodox economics growth theories will be given to be then empirically validated. The empirical results find that Internet connectivity is associated with economic growth decline whereas GDP per capita has no significant relation with GDP growth. The discussion closes with a future outlook on the law and economics of AI entrance into our contemporary economies and society in order to aid a successful and humane introduction of AI into our world.

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Footnotes
47
United Nations 1998 UNESCO Declaration on the Human Genome and Human Rights. At Article 2.
 
48
E.g., Asian-Pacific Economic Cooperation, Australia, Brazil, Canada, China, European Union, Italy, Japan, Korea, Organisation for Economic Co-operation and Development, South Africa, United Kingdom, United Nations, United States, Universal Declaration of Human Rights—to name a few.
 
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Metadata
Title
Artificial Intelligence and Nudging
Author
DDr. Julia Puaschunder, MPA
Copyright Year
2020
Book
Behavioral Economics and Finance Leadership

Print ISBN: 978-3-030-54329-7

Electronic ISBN: 978-3-030-54330-3

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-54330-3_6