The world we live in presents plenty of tricky, impactful, and hard-tomake decisions to be taken. Sometimes the available options are ample, at other times they are apparently binary, either way, they often confront us with dilemmas, paradoxes, and even denial of values.In the dawn of the age of intelligence, when robots are gradually taking over most decision-making from humans, this book sheds a bit of light on decision rationale. It delves into the limits of these decision processes (for both humans and machines), and it does so by providing a new perspective that is somehow opposed to orthodox economics.

All Economics reflections in this book are underlined and linked to Artificial Intelligence.The authors hope that this comprehensive and modern analysis, firmly grounded in the opinions of various groundbreaking Nobel laureate economists, may be helpful to a broad audience interested in how decisions may lead us all to flourishing societies. That is, societies in which economic blunders (caused by over simplification of problems and super estimation of tools) are reduced substantially.
Contents:

Foreword
Preface
Acknowledgments
About the Authors
Introduction
Decision-Making and Rationality
Artificial Intelligence
Optimization
Cost-Value and Utility Dimensions and Dynamics
Relative Net Utility and the St. Petersburg Paradox
Value Rational Planning
Inference of Net-Utility Polarity of Actions in Oversubscription Planning
Conclusion
Bibliography
Index

Readership: Students and researchers interested in rationality of artificial intelligence in economics.

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http://www.rarefile.net/w51j4t0tqwi4/OnRationality.ArtificialIntelligenceandEconomics.zip
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