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Includes a concise survey of concepts within the area of artificial intelligence
Connects artificial intelligence to economics
Presents implications for microeconomic theory
The manuscript reviews some key ideas about artificial intelligence, and relates them to economics. These include its relation to robotics, and the concepts of synthetic emotions, consciousness, and life. The economic implications of the advent of artificial intelligence, such as its effect on prices and wages, appropriate patent policy, and the possibility of accelerating productivity, are discussed. The growing field of artificial economics and the use of artificial agents in experimental economics is considered.
Introduction.- Technological Progress: Logistic Growth or Singularity.- Artificial Intelligence.- Artificial Happiness.- Issues in Artificial Intelligence.- Artificial Intelligence in Economics: ACE.- Economics of Artificial Intelligence.- State of the Art, Challenges for AGI.