Zhu Ning: AI may bring unexpected impacts or changes to three fields.

On June 18, at the 2026 Lujiazui Forum "Plenary Session 6: Empowering Financial High-Quality Development with Technological Innovation", Zhu Ning, a professor of finance at the Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, said that AI may bring unexpected impacts or changes to three areas. Firstly, it will have an impact on individual behavior at the micro level. This will not only lead people to overly rely on false or incorrect information, but also inflate overconfidence, leading to a sense of "knowing everything." At the same time, it will also bring about impacts at the level of strategic interaction. For example, in the case of navigation systems, when everyone believes and relies on the same set of navigational information, the originally planned least congested route often becomes the most congested due to a large number of vehicles coming in, known in economics as the "fallacy of composition." In an AI scenario, human behavioral patterns will change, which may further exacerbate human behavioral biases or irrational decision-making mechanisms, posing a risk that needs to be highly monitored. Secondly, from an ethical and sociological perspective, what kind of relationship should humans have with AI? With AI's increasing contribution to social media content, will the next phase restrict the growth and speed of AI and AIGC? This has become an important issue that the whole society needs to discuss in depth. Thirdly, international cooperation on AI governance structures. Currently, there is a widespread expectation that AI will be benevolent, empowering, and beneficial to humanity. However, if AI develops autonomy, or falls into the wrong hands, it may generate false information, create "illusions," or even consciously engage in unfavorable actions against humanity or specific businesses. Faced with these situations, who should govern? Who should supervise? Who should punish? These issues have not been conclusively resolved on a global scale, and the entire governance system is still rapidly evolving.