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Artificial Intelligence and Financial Behaviour

Artificial Intelligence and Financial Behaviour

Author: Riccardo Viale; Umberto Filotto; Barbara Alemanni; Shabnam Mousavi
Publisher: Edward Elgar Publishing
ISBN: 9781803923147
Published In: June 2023
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 1,300.00

HKD 1,261.00 Save HKD 39.00 (3%)

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Description
Contents

Details

Following rapid technological advancements that have taken place throughout the late 20th and early 21st centuries, this intriguing book provides a dynamic agenda for the study of artificial intelligence (AI) within finance. Through an in-depth consideration of the use of AI, it utilises case-study examples to investigate AI’s effectiveness within investment and banking.

Artificial Intelligence and Financial Behaviour examines to what extent AI can guide people to improve their financial wellbeing. It explores potential effects of, and problems with, specific technologies, as well as describing current regulatory considerations regarding the use of AI and machine learning. Chapters succinctly portray the impact AI may have on investor and trader behaviour.

This highly informative book will be beneficial for students and researchers studying behavioural and regulatory economics. It will also be immensely useful for financial regulators who are analysing problems from contemporary points of view.

Preface viii

Introduction: Artificial intelligence should meet natural stupidity. But it cannot! 1

Riccardo Viale

PART I: AI AND BOUNDED RATIONALITY

Financial service providers, AI, satisficing, and the human touch in the market for financial nudges and boosts 30

Hersh Shefrin

The importance of structural rationality: understanding market institutions 51

Shyam Sunder

Bits of individual knowledge in bytes of machines 69

Shabnam Mousav and Mario Rasetti

Radical rationality allows coping with fundamental uncertainty on financial markets 89

Paolo Sironi