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Preparing people for dealing with hazards, diseases and disasters requires teaching them statistics, and ideally doing so by means of good representation formats in a dynamic fashion. Translating these dynamics to simple communication is what governments need from scientists.

Following rapid technological advancements that have taken place throughout the late twentieth and early twenty-first centuries, this intriguing book provides a dynamic agenda for the study of artificial intelligence (AI) within finance. Through an in-depth consideration of the use of AI, it utilizes case study examples to investigate AI s effectiveness within investment and banking.Artificial Intelligence and Financial Behaviour examines to what extent AI can guide people to improve their financial wellbeing. It explores potential effects of, and problems with, specific technologies, as well as describing current regulatory considerations regarding the use of AI and machine learning. Chapters succinctly portray the impact AI may have on investor and trader behaviour. This highly informative book will be beneficial for students and researchers studying behavioural and regulatory economics. It will also be immensely useful for financial regulators who are analysing problems from contemporary points of view

Contents: Salvatore Rossi -- Foreword -- Introduction / Barbara Alemanni, Umberto Filotto, Shabnam Mousavi, Riccardo Viale -- Part I -- The many faces of finance in the academia -- 1. Understanding financial behaviour for better policy making: an introduction / Riccardo Viale -- 2. Behavioral policymaking with bounded rationality / Shabnam Mousavi -- 3. A taxonomy of behavioural policies / Barbara Alemanni -- 4. Do regulators know better? / Umberto Filotto -- 5. Behavioral finance and non-conventional monetary policies / Benoit Mojon, Adrian Penalver And Adriana Lojschova -- 6. The psychology of financial choices: from classical and behavioral finance to neurofinance / Massimo Egidi And Giacomo Sillari -- 7. Behavioral re-evolution: how behavioral economics has evolved and is evolving / Enrico Maria Cervellati -- 8. Evolutionary regulation and financial behavior / Paolo Mottura -- 9. A view on recent advances in behavioural macroeconomics and their lessons for the policymaker / Giordano Zevi -- Part II Finance from the view point of psychology, banks, regulators, and the industry -- 10. The heuristics revolution: rethinking the role of uncertainty in finance / Gerd Gigerenzer -- 11. The psychology of financial incompetence: past, present and future / Denis Hilton And Caroline Attia -- 12. Behavioral finance: from financial consumer protection to financial education / Magda Bianco And Francesco Franceschi -- 13. Behavioral impact of policies for the start-up and venture capital ecosystem / Giampio Bracchi -- 14. Investors' inconsistencies and the need for better financial literacy / Gregorio De Felice -- 15. How behavioral finance can reshape financial consumer protection: Consob's first steps in the European framework / Nadia Linciano -- 16. When central bankers become humans: behavioural economics and monetary policy decisions / Donato Masciandaro -- 17. Trust the change? trust and the impact of policy making: the case of the introduction of the Mifid 2 directive in the financial advisory industry / Ugo Rigoni, Caterina Cruciani And Gloria Gardenal -- 18. CMU And role of institutional investors: investment behavior and governance of pension funds / Zeno Rotondi And Cristina Giorgiantonio -- 19. The Italian household wealth and their financial attitude: the new environment and a new approach / Alessandro Varaldo And Lorenzo Portelli -- Index.

Cover -- Half Title -- Title Page -- Copyright Page -- Table of Contents -- List of figures -- List of tables -- Notes on contributors -- Part I Scientists in the field of behavioral economics -- 1 The evolution of behavioural economics -- 2 George Katona: a founder of behavioral economics -- 3 Ken Boulding: the image as a precursor to framing? -- 4 Harvey Leibenstein: a first generation behavioral economist -- 5 Herbert Simon's behavioral economics -- 6 Reinhard Selten, the dualist -- 7 Gerd Gigerenzer and Vernon Smith: ecological rationality of heuristics in psychology and economics -- 8 Richard Thaler's behavioral economics -- 9 Daniel Kahneman and the behavioral economics of cognitive mistakes -- 10 George katona's contributions to the start of behavioral economics -- 11 Behavioural rules: Veblen, Nelson-Winter, Ostrom and beyond -- 12 Generating meso behaviour -- 13 Schumpeter, Kirzner, Knight, Simon, and others: behavioral economics and entrepreneurship -- 14 A bounded rationality assessment of the new behavioral economics -- Part II Specific domains of behavioral economics -- 15 Behaviorally informed regulation, part 1 -- 16 Behaviorally informed regulation, part 2 -- 17 Ignorance: literary light on decision's dark corner -- 18 Smart societies -- 19 Behavioural macroeconomics: time, optimism and animal spirits -- 20 Rethinking behavioral economics through fast-and-frugal heuristics -- 21 Computational behavioral economics -- 22 Emotions in economy -- 23 Morality as a variable constraint on economic behavior -- 24 Behavioral political economy -- 25 Behavioral labor economics -- 26 Behavioural education economics -- 27 Behavioral innovation economics -- 28 Economic behaviour and agent-based modelling -- Index.