Related papers: Strategic Wealth Accumulation Under Transformative…
Generative AI systems have entered everyday academic, professional, and personal life with remarkable speed, yet most users encounter them as mysterious artifacts rather than intelligible systems. This chapter discusses large language…
This study looks at how generative artificial intelligence (AI) can revolutionize marketing, product development, and research. It discusses the latest developments in the field, easy-to-use resources, and moral and social hazards. In…
Generative Artificial Intelligence (GenAI) is rapidly reshaping the global financial landscape, offering unprecedented opportunities to enhance customer engagement, automate complex workflows, and extract actionable insights from vast…
We propose that AI automation is a continuum between: (i) crashing waves where AI capabilities surge abruptly over small sets of tasks, and (ii) rising tides where the increase in AI capabilities is more continuous and broad-based. We test…
Recent advances in generative AI systems have dramatically reduced the cost of digital production, fueling narratives that widespread participation in software creation will yield a proliferation of viable companies. This paper challenges…
Decentralized Finance (DeFi) money markets have seen explosive growth in recent years, with billions of dollars borrowed in various cryptocurrency assets. Key to the safety of money markets is the implementation of interest rates that…
This paper summarizes the most cogent advantages and risks associated with Artificial Intelligence from an in-depth review of the literature. Then the authors synthesize the salient risk-related models currently being used in AI, technology…
This study examines who adopts generative AI and whether early adoption has begun to reshape the task content of jobs across 35 European countries. Adoption ranges from under 3% to 25%. Occupational exposure strongly predicts uptake, but AI…
The skyrocketing demand for artificial intelligence (AI) has created an enormous appetite for globally deployed power-hungry servers. As a result, the environmental footprint of AI systems has come under increasing scrutiny. More crucially,…
Generative artificial intelligence (AI) has begun to reshape academic publishing by enabling the rapid production of submission-ready manuscripts. While such tools promise to enhance productivity, they also raise concerns about overwhelming…
The deployment of AI systems for welfare benefit allocation allows for accelerated decision-making and faster provision of critical help, but has already led to an increase in unfair benefit denials and false fraud accusations. Collecting…
The rapid rise of AI is poised to disrupt the labor market. However, AI is not a monolith; its impact depends on both the nature of the innovation and the jobs it affects. While computational approaches are emerging, there is no consensus…
Generative AI (GenAI) is rapidly transforming knowledge work, yet its implications for organizational hierarchies remain poorly understood. Unlike earlier automation technologies, GenAI can both perform tasks autonomously and assist human…
Understanding public perception of artificial intelligence (AI) and the tradeoffs between potential risks and benefits is crucial, as these perceptions might shape policy decisions, influence innovation trajectories for successful market…
A central socioeconomic concern about Artificial Intelligence is that it will lower wages by depressing the labor share - the fraction of economic output paid to labor. We show that declining labor share is more likely to raise wages. In a…
I introduce a new way of decomposing the evolution of the wealth distribution using a simple continuous time stochastic model, which separates the effects of mobility, savings, labor income, rates of return, demography, inheritance, and…
Artificial Intelligence (AI) models have reached a very significant level of accuracy. While their superior performance offers considerable benefits, their inherent complexity often decreases human trust, which slows their application in…
Artificial intelligence (AI) is understood to affect the content of people's decisions. Here, using a behavioral implementation of the classic Newcomb's paradox in 1,305 participants, we show that AI can also change how people decide. In…
Generative Artificial Intelligence constitutes a new wave of automation. There is broad agreement among economists that humanity is potentially entering into a period of profound change. However, significant uncertainties and disagreements…
The present study investigates the psychological and behavioral implications of integrating AI into debt collection practices using data from eleven European countries. Drawing on a large-scale experimental design (n = 3514) comparing human…