{"title":"Thomas Gries","description":null,"products":[{"product_id":"artificial-intelligence-book-nicola-dimitri-9781009483087","title":"Artificial Intelligence","description":"Is Artificial Intelligence a more significant invention than electricity? Will it result in explosive economic growth and unimaginable wealth for all, or will it cause the extinction of all humans? Artificial Intelligence: Economic Perspectives and Models provides a sober analysis of these questions from an economics perspective. It argues that to better understand the impact of AI on economic outcomes, we must fundamentally change the way we think about AI in relation to models of economic growth. It describes the progress that has been made so far and offers two ways in which current modelling can be improved: firstly, to incorporate the nature of AI as providing abilities that complement and\/or substitute for labour, and secondly, to consider demand-side constraints. 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Dabei wird die Wachstumsdynamik in Verbindung mit strukturellem Wandel sowie Innovations- und Außenhandelsdynamik analysiert. Besondere Berücksichtigung findet die Wachstumsrelevanz der New Economy. Neben weiteren empirischen Befunden zur Spezialisierungsentwicklung steht die Diskussion der Optionen einer neuen Wachstums- und Innovationspolitik im Vordergrund. 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They fuel political polarization, which is particularly evident in the battleground of social media. Nevertheless, we hardly pay attention to ideologies, their narratives, functions and organizations in economic theory today. Ideologies as “non-rational beliefs” seem incompatible with rationality in economic models. \u003c\/p\u003e\n\u003cp\u003eTherefore, the book examines the role of ideologies and belief systems in individual decision-making behavior from an economic and rational perspective. Due to the fact that people have incomplete information, belief systems and ideologies fulfill a number of important functions. While ideologies themselves serve psychological needs, they are used as a cognitive framework for rational decision-making once they have been adopted through a Bayesian learning process. They influence decisions in a wide range of areas, from consumption and work to politics. 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