Navigating Uncertainty in AI and Economics

This chapter examines the intersection of statistical contract theory and machine learning to address uncertainties in high-stakes sectors, such as drug approval. It critiques the narrative that technology will eliminate scarcity, advocating for a nuanced understanding of market dynamics, information asymmetry, and collective behaviors. Through discussions on emerging engineering disciplines and the strategic frameworks of tech giants, it highlights the potential for technology to solve real-world problems responsibly.