Editing Behavioral economics (section)

=== Artificial intelligence ===
{{Main|Artificial intelligence}}
Much of the decisions are more and more made either by human beings with the assistance of artificial intelligent machines or wholly made by these machines. [[Tshilidzi Marwala]] and Evan Hurwitz in their book,<ref name="ReferenceA">{{cite book|last1=Marwala|first1=Tshilidzi|title=Artificial Intelligence and Economic Theory: Skynet in the Market|last2=Hurwitz|first2=Evan|publisher=[[Springer Science+Business Media|Springer]]|year=2017|isbn=978-3-319-66104-9|location=London}}</ref> studied the utility of behavioral economics in such situations and concluded that these intelligent machines reduce the impact of bounded rational decision making. In particular, they observed that these intelligent machines reduce the degree of [[information asymmetry]] in the market, improve decision making and thus making markets more rational.

The use of AI machines in the market in applications such as online trading and decision making has changed major economic theories.<ref name="ReferenceA" /> Other theories where AI has had impact include in [[rational choice]], [[rational expectations]], [[game theory]], [[Lewis turning point]], [[portfolio optimization]] and [[counterfactual thinking]].