effect. This effect designates a virtuous cycle by which, as an ML product is adopted and new user data are fed back to the … the algorithm is contracted out. Indeed, the additional data that the AI Flywheel effect generates may change the provider … captures the main dynamics between machine learning, data acquisition, pricing and contracting. We find that the firm …

remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a … social science, namely reactivity, i.e. human beings systematically respond to economic data, and in particular to …