Artificial intelligence and financial behaviour / edited by Riccardo Viale (University of Milano-Bicocca and the Herbert Simon Society, Italy), Shabnam Mousavi (Max Planck Institute for Human Development (MPIB), Berlin, Germany), Umberto Filotto (University of Rome "Tor Vergata"), and Barbara Alemanni (University of Genoa, Italy).

Format:

Book

Contributor:

Viale, Riccardo, editor.

Modarres-Mousavi, Shabnam, editor.

Filotto, Umberto, editor.

Alemanni, Barbara, editor.

Edward Elgar Publishing, publisher.

Series:

Behavioural financial regulation and policy (befairly) series

Language:

English

Subjects (All):

Artificial intelligence--Economic aspects.

Artificial intelligence.

Genre:

Electronic books.

Physical Description:

1 online resource (266 pages)

Place of Publication:

Northampton : Edward Elgar Publishing, 2023.

Summary:

"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"-- Provided by publisher.

Contents:

Contents: Preface

Introduction: Artificial intelligence should meet natural stupidity. But it cannot! / 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 / Hersh Shefrin

2. The importance of structural rationality: Understanding market institutions / Shyam Sunder

3. Bits of individual knowledge in bytes of machines / Shabnam Mousav and Mario Rasetti

4. Radical rationality allows coping with fundamental uncertainty on financial markets / Paolo Sironi

5. Integrating heuristics and learning in a computational architecture for cognitive trading / Remo Pareschi and Federico Zappone

Part II. AI and markets

6. Artificial intelligence and conduct in wholesale markets / Mark Yallop

7. Using AI to assess credit risk; developing a model / Umberto Filotto, Tommaso Giordani, Gian Paolo Stella and Filmon Teclai

8. Do we like robot? Consumers' attitude towards the algorithm / Barbara Alemanni

9. Financial consumers, digital interfaces and decision aids / Peter D. Lunn

10. Fomo and covid and cryptos, oh my! / Steven Jon Kaplan

11. How AI is re-shaping the financial industry: Lights, shades and perspectives / Paola Papanicolaou

12. 54,000 priips kids - how to read them (all) / Adrien Amzallag

13. Machine learning and artificial intelligence for risk management / Edoardo Faletti

Index.

Notes:

Includes bibliographical references and index.

Description based on print record.

ISBN:

9781803923154 (e-book)

Access Restriction:

Restricted for use by site license.