The AI Economist learns dynamic tax policies that optimize equality along with productivity in simulated economies, outperforming alternative tax systems. Read More

#reinforcement-learning

Deep reinforcement learning has trained AIs to beat humans at complex games like Go and StarCraft. Could it also do a better job at running the economy?

Income inequality is one of the overarching problems of economics. One of the most effective tools policymakers have to address it is taxation: governments collect money from people according to what they earn and redistribute it either directly, via welfare schemes, or indirectly, by using it to pay for public projects. But though more taxation can lead to greater equality, taxing people too much can discourage them from working or motivate them to find ways to avoid paying—which reduces the overall pot.

Getting the balance right is not easy. Read More