Kód: 53597354
ALGONOMICSWhen Algorithms Think, Economics Explains.What happens when the logic of algorithms meets the forces of economics?Every day, invisible systems influence what we buy, what we watch, what we pay, where we work, and even th ... celý popis
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Anotace knihy
ALGONOMICS
When Algorithms Think, Economics Explains.
What happens when the logic of algorithms meets the forces of economics?
Every day, invisible systems influence what we buy, what we watch, what we pay, where we work, and even the choices we believe are entirely our own.
ALGONOMICS explores the fascinating intersection of algorithms, economics, incentives, markets, technology, and human behavior.
From recommendation engines and dynamic pricing to financial markets, online platforms, hiring systems, advertising, and artificial intelligence, algorithms are increasingly making decisions that once belonged exclusively to people.
But algorithms don't operate in a vacuum.
They interact with economic incentives.
And that interaction can produce outcomes that are surprising, counterintuitive-and sometimes completely unintended.
In ALGONOMICS, Nolan Vale takes readers beyond the technical jargon and mathematical complexity to uncover the hidden logic behind the systems shaping modern life.
You'll discover:
• Why algorithms make the choices they do-and who benefits from them
• How economic incentives influence the design of algorithms
• Why prices can change depending on who you are, when you buy, and what the algorithm knows
• How platforms use data, prediction, and incentives to shape human behavior
• Why seemingly rational algorithms can produce irrational outcomes
• How algorithms are transforming competition, employment, finance, healthcare, education, and everyday commerce
• What happens when machines optimize for the wrong thing
Most importantly, you'll learn to recognize the patterns.
Because once you understand both the algorithm and the economic incentive behind it, many of the seemingly mysterious forces of modern life become much easier to understand.
ALGONOMICS is for curious readers who want to see beyond the surface-to understand not only what is happening, but why.
Algorithms calculate. Economics explains. Human beings live with the consequences.
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