ASIMOV’S CROSSROADS: A COMPREHENSIVE ANALYSIS OF MAN AND MACHINE AND THE ROBOTICS MOVEMENT’S IMPACT ON HUMAN WELFARE

Open Access
Author:
Chandramouli, Praveen
Area of Honors:
Economics
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • David Shapiro, Thesis Supervisor
  • David Shapiro, Honors Advisor
  • Edward Coulson, Faculty Reader
Keywords:
  • robotics
  • behavioral economics
  • microeconomic theory
Abstract:
In this thesis, I examine the economic arguments for and against the hypothesis that technology is a unilaterally positive influence on human welfare. Using tools and theories from behavioral economics while referencing the latest scientific research in the fields of robotics and nanotechnology, I will examine the current relationship between man and technology. Next, the prevalent theories are applied to the current circumstances. Using concepts drawn from finance, microeconomics, and science, I will proceed in this argument. Ultimately, I will argue that there is an equilibrium, an optimal level of technology beyond which man is no longer aided, but deterred by a marginal increase in technological capacity.