PART 1 | ARTIFICIAL INTELLIGENCE I Artificial intelligence has been increasingly adopted across many industries in recent years due to the technological advances in machine and deep learning and subsequently the falling cost of making predictions. One application of artificial intelligence in business is employee monitoring, which has been often reported by various media outlets, such as: . The Economist. "Smile, you're on camera: There will be little privacy in the workplace of the future." March 28, 2018. (Use your MQ OneID to view) Cater, Leonie & Melissa Heikkila. "Your boss is watching: How Al-powered surveillance rules the workplace." Politico. May 27, 2021. Address Questions 1-3 within the maximum word count. Any number of words less than or equal to the maximum can achieve a high mark as long as you meet the standards in the rubric. Revise your discussions before submission to enhance brevity and clarity. Question 1 | [10 marks, max 200 words] Discuss how the use of artificial intelligence in employee monitoring could affect the following: The firm's profit The firm's bargaining power The workers' wellbeing The workers' bargaining power Question 2 | [10 marks, max 200 words] Discuss whether the use of artificial intelligence in employee monitoring brings about a Pareto improvement. Your discussion must refer to your discussion for Question 1. Question 3 | [15 marks, max 300 words] Discuss whether the use of artificial intelligence in employee monitoring results in a fairer outcome. Your discussion must refer to both of the following: procedural judgement of fairness substantive judgement of fairnessPART 2 | ARTIFICIAL INTELLIGENCE II The insurance industry is one of the areas which have been highly disrupted by the emergence of artificial intelligence. For example, the underwriting process, which involves assessing the risk of insurance applicants and determining whether to provide insurance, has been predicted to become signicantly faster as machine and deep learning models, powered by a dramatic increase of consumer data, facilitate the automation of the process. The following articles address this disruption in detail: a McCurryLL \"Japanese company replaces office workers with artificial intelligence\Question 6 | [10 marks, max 200 words] Consider Angela who currently works as a data scientist with machine learning expertise. Recently, she was offered a job by Bruno's firm. The job offer includes a higher salary than her current job and the freedom to choose the number of work hours per day. But Angela is also an amateur musician who desperately dreams of becoming a professional one day. This motivates her to practice music as much as possible, which makes her value her free time very much. Using the model of individual choice, and assuming Angela accepts the job offer, graphically illustrate the impact on her choice of free time and consumption. Fully label your diagram. Note that there are no actual numbers given in this question: you may make them up or simply use appropriate notations. Explain specifically its impact on the following: . Angela's choice of free time Angela's consumption level . Angela's utility level PART 3 | COVID VACCINATION Read the following article and be informed about the vaccination roll-out in Australia: . de New, J. P., A. Scott, & K. Parakash, "Our survey results show incentives aren't enough to reach a 80% vaccination rate", The Conversation, August 10, 2021. Address Questions 7-9 within the maximum word count. Any number of words less than or equal to the maximum can achieve a high mark as long as you meet the standards in the rubric. Revise your discussions before submission to enhance brevity and clarity. Question 7 | [10 marks, max 200 words] Discuss i) the social dilemma we may observe in the process of the vaccination roll-out and ii) how it can be understood by game theory. To help your discussion, consider individuals who are to choose between two strategies: i) to get vaccinated now and ii) to wait and see. Your discussion must refer to the following: social dilemma . prisoner's dilemma . public goods game Nash equilibriumQuestion 8 | [10 marks, max 200 words] Provide a potential solution to the social dilemma you discussed in Question 7. You must cite at least one reputable source from your own research. Use the source(s) to support your argument; do not simply quote the source. Include the full reference at the end of your answer, which will not count towards the word limit. Use a standard referencing system (e.g. Harvard style). You may use the following resources to help find reputable sources and cite them: . Referencing guide from MQ Library website . Webinar recording: Critical Thinking and Persuasive Writing (by Dr Danielle Kent) Question 9 | [15 marks, max 300 words] Evaluate whether your proposed solution is ethically acceptable by using either a consequentialist or a deontological framework. Your discussion must include: the definition of your chosen ethical framework, and the reasoning behind your ethical judgement. See the week 6 lecture Section D and the supplementary lecture to assist your discussion