Tshilidzi Marwala Boeken

This book theoretically and practically updates major economic ideas such as demand and supply, rational choice and expectations, bounded rationality, behavioral economics, information asymmetry, pricing, efficient market hypothesis, game theory, mechanism design, portfolio theory, causality and financial engineering in the age of significant advances in man-machine systems. The advent of artificial intelligence has changed many disciplines such as engineering, social science and economics. Artificial intelligence is a computational technique which is inspired by natural intelligence concepts such as the swarming of birds, the working of the brain and the pathfinding of the ants. Artificial Intelligence and Economic Theory: Skynet in the Market analyses the impact of artificial intelligence on economic theories, a subject that has not been studied. It also introduces new economic theories and these are rational counterfactuals and rational opportunity costs. These ideas are applied to diverse areas such as modelling of the stock market, credit scoring, HIV and interstate conflict. Artificial intelligence ideas used in this book include neural networks, particle swarm optimization, simulated annealing, fuzzy logic and genetic algorithms. It, furthermore, explores ideas in causality including Granger as well as the Pearl causality models.

Closing the Gap is an accessible overview of the fourth industrial revolution (4IR) and the impact it is set to have on various sectors in South Africa and Africa. It explores the previous industrial revolutions that have led up to this point and outlines what South Africa's position has been through each one. With a focus on artificial intelligence as a core concept in understanding the 4IR, this book uses familiar concepts to explain artificial intelligence, how it works and how it can be used in banking, mining, medicine and many other fields. Written from an African perspective, Closing the Gap addresses the challenges and fears around the 4IR by pointing to the opportunities presented by new technologies and outlining some of the challenges and successes to date.

Focusing on the intersection of artificial intelligence and mechanism design, this book presents a novel framework for understanding international politics. It examines how specific rules can shape relationships among nations to achieve desired outcomes like peace, trade, or democracy. By applying AI techniques to political and economic contexts, the author highlights innovative approaches to contemporary global challenges. This work is particularly relevant for scholars interested in international relations, sustainable development, and the role of technology in society.

Recent advancements in AI and Mechanism Design offer innovative solutions to collective action problems in international relations, such as climate change and security. The book explores how integrating these technologies can enhance cooperation and coordination among diverse global actors. Dr. Tshilidzi Marwala illustrates the application of Game Theory, Mechanism Design, and AI to critical issues like interstate conflict and cybersecurity. By optimizing mechanisms, it aims to create more effective institutions and policies, fostering interdisciplinary approaches to complex global challenges.