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2023-08-16-better-markets-via-ai-agents
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better markets via ai agents
in future, AI agents, acting on behalf of individuals, will lead to more effective markets
one of the limits to existing markets is signal-to-noise ratio of things on offer
advertising (google, etc.), digital classifieds (craiglist, kijiji, let-go), auction houses (ebay) impose search and transaction costs
ex. I own many items that I would be willing to part with, for some price
(~ allusion to harberger taxation)
it's a bit of a pain to post and manage them on kijiji
if everyone did it at the same scale, the amount of stuff to sift through when purchasing would be huge
BUT, AI agents could mitigate the "information overload", monitor offers (ads), put out ads
2023-08-16
#economics
#artificial-intelligence
#market-design
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