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The recent acceleration and ongoing development in Artificial Intelligence (AI) and its related (and/or enabling) digital technologies presents new challenges and considerable opportunity on which businesses and individuals may capitalise. In the era of BD - and with increasing societal value...
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The history of AI in economics is long and winding, much the same as the evolving field of AI itself. Economists have … particular, we centre our accompanying discussion of AI in economics around the problems of economic calculation and social … containing bibliometrics information of economics papers based on search query results from the Scopus database and the …
Persistent link: https://www.econbiz.de/10012623983
As artificial intelligence (AI) thrives and propagates through modern life, a key question to ask is how to include humans in future AI? Despite humaninvolvement at every stage of the production process from conception and design through to implementation, modern AI is still often criticized for...
Persistent link: https://www.econbiz.de/10012605923
We investigate three alternative but complementary indicators of market power on one of the largest online labour markets (OLMs) in Europe: (1) the elasticity of labour demand, (2) the elasticity of labour supply, and (3) the concentration of market shares. We explore how these indicators relate...
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AI and Big Data provide opportunities and challenges with respect to how we achieve safety in livable smart cities. In this contribution, we look at set of aspects that are important at the city level; namely, how urban analytics and digital technologies can be used; how crime safety is influenced...
Persistent link: https://www.econbiz.de/10012522582
In this chapter, we ask (conceptually and methodologically) what exactly is behavioural economics and what are its … roots? And further, what may we have missed along the way? We argue that revisiting "classical" behavioural economics … concepts and methods will benefit the wider behavioural economics program by questioning its yardstick approach to 'Olympian …
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Foundation models (FMs) are the origin of breakthrough innovations in generative artificial intelligence (AI) applications, such as ChatGPT. Only responsible developments in competitive markets can help ensure that FMs deliver their full benefits at minimum risk. FM developers require language...
Persistent link: https://www.econbiz.de/10014316286