Finding Needles in Haystacks: Artificial Intelligence and Recombinant Growth
Finding Needles in Haystacks: Artificial Intelligence and Recombinant Growth
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大海捞针:人工智能与重组生长
DOI:
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发表时间:
2018
期刊:
影响因子:
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通讯作者:
Alexander Oettl
中科院分区:
文献类型:
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作者:
A. Agrawal;J. McHale;Alexander Oettl
Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge spaces. These needle-in-a-haystack type problems are pervasive in fields like genomics, drug discovery, materials science, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones growth model (1995) to explore how breakthroughs in artificial intelligence (AI) that dramatically improve prediction accuracy about which combinations have the highest potential could enhance discovery rates and consequently economic growth. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function. Separate parameters control the extent of individual-researcher knowledge access, the effects of fishing out/complexity, and the ease of forming research teams.