Artificial intelligence through the lens of behavioral economics

How does AI impact the human brain, decision-making, and how we interact with others?

In 1950, the English mathematician Alan Turing asked in a paper, “Can machines think?” Elsewhere, using slightly different wording, he wondered whether it was possible for machines to show intelligent behavior. Since then, these questions have revolutionized the history of science and served as the seed for the development of artificial intelligence (AI). In the intervening years, huge strides have been made in AI, to the point where computers can now learn, reason, use language, perceive, and solve problems, all functions usually associated with human intelligence. Over the last ten years, the amount of data and processing power used to train AI systems has increased by a factor of 100 million. This vast amount of data, coupled with faster computers and new advances in algorithms, has taken AI development to new heights: its uses, which are already having a significant impact on the economy, most industries, society, and humanity, range from self-driving vehicles to applications that can read, understand, and transmit language, such as chatbots.