Physics and Astronomy
7 years ago

Artificial intelligence makes markets more rational and predictions more accurate.

1 view
Advanced information and knowledge processing
Rational Choice and Rational Expectations
Tshilidzi Marwala, Evan Hurwitz

Paper Summary

The theory of rational choice says people make decisions to maximize their benefit. When artificial intelligent machines make decisions in the market, they are more consistent in predicting the future compared to humans. This leads to more rational decisions in the marketplace.

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