Purpose: Artificial Intelligence is a general-purpose technology that is bound to affect every industry. To develop successful corporate and business strategies with AI, leaders have to capture the technological opportunity, understand the economics of AI and lead organizational change....

This article outlines relevant economic patterns in a world with artificial intelligence (AI). Five specific economic patterns influenced by AI are discussed: (1) following in the footsteps of ‘homo economicus’ a new type of agent, ‘machina economica’, enters the stage of the global...

"As the use of AI becomes more and more ubiquitous in companies around the world, managers charged with taking key decisions require resources to enable them to evaluate new projects effectively. The business case for AI projects is not necessarily clear cut and part of the reason for this is...

Computer science and economics face a common problem, the unpredictability of individual actors. Common problems do not necessarily imply a common understanding so that it is important to note that the agent-paradigm can function as an interface between Computer science and economics. On this...