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Artificial intelligence and behavioral economics - …
1 Artificial intelligence and behavioral economics Colin F. Camerer Caltech 12/21/17 PST. For NBER volume (Editors A. Agarwal, J. Gans, A. Goldfarb). I: Introduction This paper describes three highly speculative ideas about how Artificial intelligence (AI) and behavioral economics may interact, particular in future developments in the economy and in research frontiers. First note that I ll use the terms AI and machine learning (ML) interchangeably (although AI is broader) because the examples I have in mind all involve ML and prediction. A good introduction to ML for economists is Mullainathan and Spiess (2017), and other papers in this volume.
But the open-mindedness could also be characterized even more generally, as an invitation to machine-learn how to predict economic outcomes from the
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