The Economics of Artificial Intelligence

The Economics of Artificial Intelligence
Author: Ajay Agrawal
Publisher: University of Chicago Press
Total Pages: 172
Release: 2024-03-05
Genre: Business & Economics
ISBN: 0226833127


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A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Patterns, Thinking, and Cognition

Patterns, Thinking, and Cognition
Author: Howard Margolis
Publisher: University of Chicago Press
Total Pages: 348
Release: 1987
Genre: Psychology
ISBN: 9780226505282


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What happens when we think? How do people make judgments? While different theories abound—and are heatedly debated—most are based on an algorithmic model of how the brain works. Howard Margolis builds a fascinating case for a theory that thinking is based on recognizing patterns and that this process is intrinsically a-logical. Margolis gives a Darwinian account of how pattern recognition evolved to reach human cognitive abilities. Illusions of judgment—standard anomalies where people consistently misjudge or misperceive what is logically implied or really present—are often used in cognitive science to explore the workings of the cognitive process. The explanations given for these anomalous results have generally explained only the anomaly under study and nothing more. Margolis provides a provocative and systematic analysis of these illusions, which explains why such anomalies exist and recur. Offering empirical applications of his theory, Margolis turns to historical cases to show how an individual's cognitive repertoire—the available cognitive patterns and their relation to cues—changes or resists changes over time. Here he focuses on the change in worldview occasioned by the Copernican discovery: not only how an individual might come to see things in a radically new way, but how it is possible for that new view to spread and become the dominant one. A reanalysis of the trial of Galileo focuses on social cognition and its interactions with politics. In challenging the prevailing paradigm for understanding how the human mind works, Patterns, Thinking, and Cognition is certain to stimulate fruitful debate.

Theories of Judgment

Theories of Judgment
Author: Wayne Martin
Publisher: Cambridge University Press
Total Pages: 203
Release: 2006-02-09
Genre: Philosophy
ISBN: 1139447742


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The exercise of judgement is an aspect of human endeavour from our most mundane acts to our most momentous decisions. In this book Wayne Martin develops a historical survey of theoretical approaches to judgement, focusing on treatments of judgement in psychology, logic, phenomenology and painting. He traces attempts to develop theories of judgement in British Empiricism, the logical tradition stemming from Kant, nineteenth-century psychologism, experimental neuropsychology and the phenomenological tradition associated with Brentano, Husserl and Heidegger. His reconstruction of vibrant but largely forgotten nineteenth-century debates links Kantian approaches to judgement with twentieth-century phenomenological accounts. He also shows that the psychological, logical and phenomenological dimensions of judgement are not only equally important but fundamentally interlinked in any complete understanding of judgement. His book will interest a wide range of readers in history of philosophy, philosophy of the mind and psychology.

Human Judgment and Decision Making

Human Judgment and Decision Making
Author: Kenneth R. Hammond
Publisher: Praeger Publishers
Total Pages: 280
Release: 1980
Genre: Business & Economics
ISBN:


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Bertrand Russell and the Nature of Propositions

Bertrand Russell and the Nature of Propositions
Author: Samuel Lebens
Publisher: Taylor & Francis
Total Pages: 296
Release: 2017-05-25
Genre: Philosophy
ISBN: 1351733893


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Bertrand Russell and the Nature of Propositions offers the first book-length defence of the Multiple Relation Theory of Judgement (MRTJ). Although the theory was much maligned by Wittgenstein and ultimately rejected by Russell himself, Lebens shows that it provides a rich and insightful way to understand the nature of propositional content. In Part I, Lebens charts the trajectory of Russell’s thought before he adopted the MRTJ. Part II reviews the historical story of the theory: What led Russell to deny the existence of propositions altogether? Why did the theory keep evolving throughout its short life? What role did G. F. Stout play in the evolution of the theory? What was Wittgenstein’s concern with the theory, and, if we can’t know what his concern was exactly, then what are the best contending hypotheses? And why did Russell give the theory up? In Part III, Lebens makes the case that Russell’s concerns with the theory weren’t worth its rejection. Moreover, he argues that the MRTJ does most of what we could want from an account of propositions at little philosophical cost. This book bridges the history of early analytic philosophy with work in contemporary philosophy of language. It advances a bold reading of the theory of descriptions and offers a new understanding of the role of Stout and the representation concern in the evolution of the MRTJ. It also makes a decisive contribution to philosophy of language by demonstrating the viability of a no-proposition theory of propositions.

Human Judgment and Decision Processes in Applied Settings

Human Judgment and Decision Processes in Applied Settings
Author: Martin F. Kaplan
Publisher: Academic Press
Total Pages: 300
Release: 2013-10-22
Genre: Psychology
ISBN: 1483261107


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Human Judgment and Decision Processes in Applied Settings is the second to two volumes that attempt to define the areas of progress in the understanding of human decision making processes. The first volume, Human Judgment and Decision Processes (Academic Press, 1975) was concerned with formal and mathematical approaches to the problems of judgment and decision making. The major theoretical orientations (information integration theory, signal detection theory, portfolio theory, and multiattribute-utility measurement) were presented and their rationales discussed. The present volume is concerned with the application of these theories, and the various techniques derived from them, to the problems of decision making in the everyday world. The chapters reflect the many modifications and adjustments that must be made to mathematical rules in order to apply decision theory models in the real world. The tools described serve a broad variety of interests: those of the urban health or social planner, the organizational manager, the researcher, the educator, and, in fact, all of those who must weight evidence to reach decisions. Planner, manager, researcher, teacher, policymaker—all will find assistance in overcoming the commonly encountered roadblocks when one must choose between alternatives in what remains an uncertain world.

Social Comprehension and Judgment

Social Comprehension and Judgment
Author: Robert S. Wyer, Jr.
Publisher: Psychology Press
Total Pages: 500
Release: 2003-09-12
Genre: Psychology
ISBN: 1135636176


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Written by one of the foremost authorities in social cognition, Social Comprehension and Judgment examines how people process information encountered in their everyday lives. In the book, Dr. Wyer proposes a new theory about the way in which information acquired in everyday life is comprehended and represented in memory, and how it is later used as a basis for judgments and decisions. A major emphasis throughout is on the construction and use of narrative representations of knowledge and the way that visual images influence the comprehension of these narratives and the judgments based on them. The role of affective reactions in this cognitive activity is also discussed. Social Comprehension and Judgment is divided into three sections. Part I provides a conceptual overview by outlining the general theoretical framework focusing on assumptions about the storage and retrieval of information and reviews recent research on the impact of knowledge accessibility on judgments and decisions. Part II deals with the comprehension of information, and examines the role of these processes in impression formation, persuasion, and responses to humor. Part III describes the inferences that are based on information conveyed in social situations. This book is ideal for advanced students and researchers interested in the areas of social cognition or social information processing.

The Critique of Judgment (Theory of the Aesthetic Judgment & Theory of the Teleological Judgment)

The Critique of Judgment (Theory of the Aesthetic Judgment & Theory of the Teleological Judgment)
Author: Immanuel Kant
Publisher: Good Press
Total Pages: 319
Release: 2024-01-09
Genre: Philosophy
ISBN:


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Immanuel Kant's 'The Critique of Judgment' explores the realms of aesthetic judgment and teleological judgment in a rigorous and thought-provoking manner. In this seminal work, Kant delves into the concepts of beauty, taste, and the nature of artistic creation. He presents a detailed analysis of how judgment functions in relation to aesthetics, weaving together philosophical insights with practical examples to illustrate his points. Through his meticulous argumentation, Kant lays the groundwork for the understanding of the role of judgment in appreciating art and nature. The book's dense yet insightful prose engages readers in a contemplative journey through the intersections of art, nature, and human perception. Immanuel Kant, a renowned German philosopher of the Enlightenment era, was influenced by thinkers such as Leibniz and Rousseau. His deep interest in metaphysics and epistemology led him to ponder the fundamental principles that govern human experience. 'The Critique of Judgment' reflects Kant's comprehensive philosophical system, bridging the gap between his earlier works on metaphysics and ethics. I highly recommend 'The Critique of Judgment' to readers who are interested in delving into the complexities of aesthetic and teleological judgment. Kant's nuanced arguments and incisive analysis pave the way for a deeper appreciation of art, nature, and the human mind. This book is essential reading for anyone seeking to explore the intersections of philosophy, aesthetics, and the nature of beauty.

Sensation and Judgment

Sensation and Judgment
Author: John C. Baird
Publisher: Psychology Press
Total Pages: 406
Release: 2014-02-25
Genre: Psychology
ISBN: 1317779770


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Psychophysical theory exists in two distinct forms -- one ascribes the explanation of phenomena and empirical laws to sensory processes. Context effects arising through the use of particular methods are an unwanted nuisance whose influence must be eliminated so that one isolates the "true" sensory scale. The other considers psychophysics only in terms of cognitive variables such as the judgment strategies induced by instructions and response biases. Sensory factors play a minor role in cognitive approaches. This work admits the validity of both forms of theory by arguing that the same empirical phenomena should be conceptualized in two alternative, apparently contradictory, ways. This acceptance of opposites is necessary because some empirical phenomena are best explained in terms of sensory processes, while others are best ascribed to central causes. The complementarity theory stresses the "mutually completing" nature of two distinct models. The first assigns importance to populations of sensory neurons acting in the aggregate and is formulated to deal with sensory effects. The second assigns importance to judgment uncertainty and to the subject strategies induced by experimental procedures. This model is formulated to explain context effects. Throughout the text, the exposition is interlaced with mathematics, graphs, and computer simulations designed to reveal the complementary nature of psychophysical explanations.

Organizing Entrepreneurial Judgment

Organizing Entrepreneurial Judgment
Author: Nicolai J. Foss
Publisher: Cambridge University Press
Total Pages:
Release: 2012-03-01
Genre: Business & Economics
ISBN: 1107377307


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Entrepreneurship, long neglected by economists and management scholars, has made a dramatic comeback in the last two decades, not only among academic economists and management scholars, but also among policymakers, educators and practitioners. Likewise, the economic theory of the firm, building on Ronald Coase's (1937) seminal analysis, has become an increasingly important field in economics and management. Despite this resurgence, there is still little connection between the entrepreneurship literature and the literature on the firm, both in academia and in management practice. This book fills this gap by proposing and developing an entrepreneurial theory of the firm that focuses on the connections between entrepreneurship and management. Drawing on insights from Austrian economics, it describes entrepreneurship as judgmental decision made under uncertainty, showing how judgment is the driving force of the market economy and the key to understanding firm performance and organization.