Artificial Intelligence in the Knowledge Economy
Fuente:
arXiv
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| Autores principales: | , |
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| Formato: | Preprint |
| Publicado: |
2023
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| Materias: | |
| Acceso en línea: | |
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| _version_ | 1866918116860100608 |
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| author | Ide, Enrique Talamas, Eduard |
| author_facet | Ide, Enrique Talamas, Eduard |
| contents | Artificial Intelligence (AI) can transform the knowledge economy by automating non-codifiable work. To analyze this transformation, we incorporate AI into an economy where humans form hierarchical organizations: Less knowledgeable individuals become "workers" doing routine work, while others become "solvers" handling exceptions. We model AI as a technology that converts computational resources into "AI agents" that operate autonomously (as co-workers and solvers/co-pilots) or non-autonomously (solely as co-pilots). Autonomous AI primarily benefits the most knowledgeable individuals; non-autonomous AI benefits the least knowledgeable. However, output is higher with autonomous AI. These findings reconcile contradictory empirical evidence and reveal tradeoffs when regulating AI autonomy. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2312_05481 |
| institution | arXiv |
| publishDate | 2023 |
| record_format | arxiv |
| spellingShingle | Artificial Intelligence in the Knowledge Economy Ide, Enrique Talamas, Eduard Theoretical Economics Artificial Intelligence (AI) can transform the knowledge economy by automating non-codifiable work. To analyze this transformation, we incorporate AI into an economy where humans form hierarchical organizations: Less knowledgeable individuals become "workers" doing routine work, while others become "solvers" handling exceptions. We model AI as a technology that converts computational resources into "AI agents" that operate autonomously (as co-workers and solvers/co-pilots) or non-autonomously (solely as co-pilots). Autonomous AI primarily benefits the most knowledgeable individuals; non-autonomous AI benefits the least knowledgeable. However, output is higher with autonomous AI. These findings reconcile contradictory empirical evidence and reveal tradeoffs when regulating AI autonomy. |
| title | Artificial Intelligence in the Knowledge Economy |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2312.05481 |