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The Cartographer
Rational Choice and Artificial Intelligence
March 29, 2017 Β· Declared Dead Β· π arXiv.org
"No code URL or promise found in abstract"
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Authors
Tshilidzi Marwala
arXiv ID
1703.10098
Category
cs.AI: Artificial Intelligence
Cross-listed
q-fin.GN
Citations
2
Venue
arXiv.org
Last Checked
4 months ago
Abstract
The theory of rational choice assumes that when people make decisions they do so in order to maximize their utility. In order to achieve this goal they ought to use all the information available and consider all the choices available to choose an optimal choice. This paper investigates what happens when decisions are made by artificially intelligent machines in the market rather than human beings. Firstly, the expectations of the future are more consistent if they are made by an artificially intelligent machine and the decisions are more rational and thus marketplace becomes more rational.
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