Microeconomics in the Age of Algorithms: Risk, Time, and Fairness

This article provides an in-depth analysis of contemporary microeconomics, which, under the influence of algorithmization, transforms classical rational choice models into precise mathematical structures. The author examines how tools such as decision trees and marginal analysis function under conditions of uncertainty and time pressure. The text combines technical aspects of optimization with institutional and ethical dimensions, addressing issues of distributive justice and Pareto efficiency. The reader will learn how discounting the future and risk aversion influence contemporary markets, as well as the importance of transaction costs and the Coase theorem for system stability. This comprehensive view of economics as the science of choices in the age of digital transformation.