Artificial Intelligence and Financial Behaviour

Name: Artificial Intelligence and Financial Behaviour
Brand: Edward Elgar Publishing
SKU: 9781803923147
Price: 1261.00 HKD
Availability: InStock
Author: Riccardo Viale; Umberto Filotto; Barbara Alemanni; Shabnam Mousavi
ISBN: 9781803923147

Edited by Riccardo Viale · Umberto Filotto · Barbara Alemanni · Shabnam Mousavi

Edward Elgar Publishing June 2023

Specifications

ISBN-13: 9781803923147
Publisher: Edward Elgar Publishing
Publication: June 2023
Format: Hardback
Jurisdiction: U.K. ? Countri(es) for reference only

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; 1.
Financial service providers, AI, satisficing, and the human touch in the market for financial nudges and boosts 30: Hersh Shefrin; 2.
The importance of structural rationality: understanding market institutions 51: Shyam Sunder; 3.
Bits of individual knowledge in bytes of machines 69: Shabnam Mousav and Mario Rasetti; 4.
Radical rationality allows coping with fundamental uncertainty on financial markets 89: Paolo Sironi; 5.
Integrating heuristics and learning in a computational architecture for cognitive trading 111: Remo Pareschi and Federico Zappone; PART II: AI AND MARKETS; 6.
Artificial intelligence and conduct in wholesale markets 137: Mark Yallop; 7.
Using AI to assess credit risk; developing a model 144: Umberto Filotto, Tommaso Giordani, Gian Paolo Stella and Filmon Teclai; 8.
Do we like robot? Consumers’ attitude towards the algorithm 156: Barbara Alemanni; 9.
Financial consumers, digital interfaces and decision aids 174: Peter D. Lunn; 10.
FOMO and Covid and Cryptos, oh my! 192: Steven Jon Kaplan; 11.
How AI is re-shaping the financial industry: lights, shades and perspectives 205: Paola Papanicolaou; 12.
54,000 PRIIPs KIDs – how to read them (all) 215: Adrien Amzallag; 13.
Machine learning and artificial intelligence for risk management 240: Edoardo Faletti; Index