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Persistent link: https://www.econbiz.de/10011975263
and prediction, iii) data dashboards, iv) diagnosis and prognosis, v) treatments and cures, and vi) social control. It is … concluded that AI has not yet been impactful against COVID-19. Its use is hampered by a lack of data, and by too much data …. Overcoming these constraints will require a careful balance between data privacy and public health, and rigorous human …
Persistent link: https://www.econbiz.de/10012199140
An arms race for an artificial general intelligence (AGI) would be detrimental for and even pose an existential threat to humanity if it results in an unfriendly AGI. In this paper an all-pay contest model is developed to derive implications for public policy to avoid such an outcome. It is...
Persistent link: https://www.econbiz.de/10011895813
Rapid technological progress in artificial intelligence (AI) has been predicted to lead to mass unemployment, rising inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i) surveying the recent literature and (ii)...
Persistent link: https://www.econbiz.de/10011951702
The economic impact of Articial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard representative household assumption is rejected, so...
Persistent link: https://www.econbiz.de/10012266990
The COVID-19 pandemic holds at least seven lessons for the relationship between data-driven decision making, the use of … artificial intelligence, and development. These are that (1) in a global crisis, the shifting value of data creates policy … are as significant a problem as lack of data; (4) data deprivation and digital divides can deepen inequalities and hamper …
Persistent link: https://www.econbiz.de/10012268212
Persistent link: https://www.econbiz.de/10012390707
Economists' two main theoretical approaches to understanding Artificial Intelligence (AI) impacts have been the task-approach to labor markets and endogenous growth theory. Therefore, the recent integration of the task-approach into an endogenous growth model by Acemoglu and Restrepo (AR) is a...
Persistent link: https://www.econbiz.de/10012485853
In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the economic consequences of artificial intelligence (AI). This...
Persistent link: https://www.econbiz.de/10012517812