Prediction Machines, Updated and Expanded: The Simple Economics of Artificial Intelligence


Prediction Machines, Updated and Expanded: The Simple Economics of Artificial Intelligence

  • Author:Ajay AgrawalAvi GoldfarbJoshua Gans
  • Length: 304 pages
  • Edition: R
  • Publisher: Harvard Business Review Press
  • Publication Date: 2022-11-15
  • ISBN-10: 1647824672
  • ISBN-13: 9781647824679
  • Sales Rank: #33054 (See Top 100 Books)
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    Book Description

    Named one of “The five best books to understand AI” by The Economist

    The impact AI will have is profound, but the economic framework for understanding it is surprisingly simple.

    Artificial intelligence seems to do the impossible, magically bringing machines to life—driving cars, trading stocks, and teaching children. But facing the sea change that AI brings 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 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 masterful stroke, they lift the curtain on the AI-is-magic hype and provide economic clarity about the AI revolution as well as a basis for action by executives, policy makers, investors, and entrepreneurs.

    In this new, updated edition, the authors illustrate how, when AI is framed as cheap prediction, its extraordinary potential becomes clear:

    • Prediction is at the heart of making decisions amid 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 strategies to compete.

    The authors reset the context, describing the striking impact the book has had and how its argument and its implications are playing out in the real world. And in new material, they explain how prediction fits into decision-making processes and how foundational technologies such as quantum computing will impact business choices.

    Penetrating, insightful, and practical, Prediction Machines will help you navigate the changes on the horizon.


    书名:Prediction Machines, Updated and Expanded: The Simple Economics of Artificial Intelligence






    • 在不确定的情况下,预测是做出决策的核心。我们的企业和个人生活中充斥着这样的决定。
    • 预测工具可提高工作效率–操作机器、处理文档、与客户沟通。
    • 不确定性制约着战略。更好的预测为新的商业战略创造了竞争机会。



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