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 praxeology and artificial intelligence


Austrian School Economics, Praxeology and Artificial Intelligence

#artificialintelligence

After reading this article does this affect the debate regarding praxeology and econometrics? RW response: Praxeology, as Murray Rothbard put it, "rests on the fundamental axiom that individual human beings act, that is, on the primordial fact that individuals engage in conscious actions toward chosen goals." Artificial intelligence did nothing to stop the poker players referenced from acting, that is, choosing goals. All AI did in the referenced example is make quicker and better calculations than the poker players, in a given fixed environment. This is an example for all practical purposes of a jacked-up hand calculator.