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13min chapter
Can AI-Driven Economic Models Help Improve Financial Decisions -- Insights from Jonathan Parker, Head of the Finance Department at MIT's Sloan School of Management
Economics Matters with Laurence Kotlikoff
AI and Economic Decision-Making
This chapter examines the integration of artificial intelligence into economic modeling, focusing on how neural networks can optimize individual portfolio choices. It discusses key economic theories related to consumption, savings, and happiness, highlighting the balance between present spending and future security. The chapter also explores the complexities of financial decision-making and the advantages of AI in enhancing our understanding of financial behavior and strategies for effective savings.
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