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Prediction Machines: The Simple Economics of Artificial Intelligence

by Avi Goldfarb, Joshua Gans, Ajay Agrawal
$11.90
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Prediction Machines: The Simple Economics of Artificial Intelligence
Prediction Machines: The Simple Economics of Artificial Intelligence

Demystifying AI's impact through economic lens.

If you're feeling overwhelmed by all the speculation around AI's impact, "Prediction Machines" cuts through the noise with a refreshingly economic perspective. It's a pragmatic guide that flips the script on AI hysteria, turning complex predictions into tangible opportunities for business and policy strategy. By framing AI as a tool for enhancing prediction and decision-making, this book offers a clear pathway for navigating the AI-induced transformation, making it an enlightening read for professionals and entrepreneurs alike.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Just Arrived

Prediction Machines: The Simple Economics of Artificial Intelligence

by Avi Goldfarb, Joshua Gans, Ajay Agrawal
$11.90
Compare to estimated retail price: S$50.00  

The item you've got your eye on is secondhand. You probably already know that, but just in case!

The estimated retail price shown next to any listed item represents the first-hand prices we've seen elsewhere, or the estimated original retail price of a comparable item of the same quality, construction and material offered elsewhere in new condition.

Condition guide

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ISBN: 9781633695672
Authors: Avi Goldfarb, Joshua Gans, Ajay Agrawal
Publisher: Harvard Business Review Press
Date of Publication: 2018-04-17
Format: Hardcover
Related Collections: Business, Economics, Science
Related Topics: Popular Science, Finance, Law, Technology, Social Science, Management, Computers
Goodreads rating: 3.86
(rated by 3917 readers)

Description

"What does AI mean for your business? Read this book to find out." -- Hal Varian, Chief Economist, Google. Artificial intelligence does the seemingly impossible, magically bringing machines to life--driving cars, trading stocks, and teaching children. But facing the sea change that AI will bring can be paralyzing. How should companies set strategies, governments design policies, and people plan their lives for a world so different from what we know? In the face of such uncertainty, many analysts either cower in fear or predict an impossibly sunny future. But in Prediction Machines, three eminent economists recast the rise of AI as a drop in the cost of prediction. With this single, masterful stroke, they lift the curtain on the AI-is-magic hype and show how basic tools from economics provide clarity about the AI revolution and a basis for action by CEOs, managers, policy makers, investors, and entrepreneurs. When AI is framed as cheap prediction, its extraordinary potential becomes clear. Prediction is at the heart of making decisions under uncertainty. Our businesses and personal lives are riddled with such decisions. Prediction tools increase productivity--operating machines, handling documents, communicating with customers. Uncertainty constrains strategy. Better prediction creates opportunities for new business structures and strategies to compete. Penetrating, fun, and always insightful and practical, Prediction Machines follows its inescapable logic to explain how to navigate the changes on the horizon. The impact of AI will be profound, but the economic framework for understanding it is surprisingly simple.
 

Demystifying AI's impact through economic lens.

If you're feeling overwhelmed by all the speculation around AI's impact, "Prediction Machines" cuts through the noise with a refreshingly economic perspective. It's a pragmatic guide that flips the script on AI hysteria, turning complex predictions into tangible opportunities for business and policy strategy. By framing AI as a tool for enhancing prediction and decision-making, this book offers a clear pathway for navigating the AI-induced transformation, making it an enlightening read for professionals and entrepreneurs alike.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.