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The Microeconomics of Artificial Intelligence

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A comprehensive treatment of the microeconomics associated with the adoption and use of artificial intelligence.

It is well-recognized that recent advances in AI are exclusively advances in statistical techniques for prediction. While this may facilitate automation, this result is secondary to AI?s impact on decision-making. From an economics perspective, predictions have their first-order impacts on the efficiency of decision-making.

In The Microeconomics of Artificial Intelligence, Joshua G...