Power and Prediction
The Disruptive Economics of Artificial Intelligence
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Narrated by:
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Tom Beyer
About this listen
In their bestselling first book, Prediction Machines, eminent economists Ajay Agrawal, Joshua Gans, and Avi Goldfarb explained the simple yet game-changing economics of AI. Now, in Power and Prediction, they go deeper, examining the most basic unit of analysis: the decision. The authors explain that the two key decision-making ingredients are prediction and judgment, and we perform both together in our minds, often without realizing it. The rise of AI is shifting prediction from humans to machines, relieving people from this cognitive load while increasing the speed and accuracy of decisions.
This sets the stage for a flourishing of new decisions and has profound implications for system-level innovation. Redesigning systems of interdependent decisions takes time, but when these new systems emerge, they can be disruptive on a global scale. Decision-making confers power. In industry, power confers profits; in society, power confers control. This process will have winners and losers, and the authors show how businesses can leverage opportunities, as well as protect their positions.
Filled with illuminating insights, rich examples, and practical advice, Power and Prediction is the must-listen guide for any business leader or policymaker on how to make the coming AI disruptions work for you rather than against you.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2022 Ajay Agrawal, Joshua Gans, and Avi Goldfarb (P)2022 Ascent AudioListeners also enjoyed...
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The Wide Lens
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- Narrated by: Walter Dixon
- Length: 6 hrs and 19 mins
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How can great companies do everything right - identify real customer needs, deliver excellent innovations, beat their competitors to market - and still fail? The sad truth is that many companies fail because they focus too intensely on their own innovations, and then neglect the innovation ecosystems on which their success depends. In our increasingly interdependent world, winning requires more than just delivering on your own promises. It means ensuring that a host of partners - some visible, some hidden - deliver on their promises, too.
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Great book
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By: Ron Adner
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The Future of the Professions
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This book predicts the decline of today's professions and describes the people and systems that will replace them. In an Internet society, according to Richard Susskind and Daniel Susskind, we will neither need nor want doctors, teachers, accountants, architects, the clergy, consultants, lawyers, and many others to work as they did in the 20th century.
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I Hope It's Not All True
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Jobs to Be Done
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Jobs to Be Done gives you a clear-cut framework for thinking about your business, outlines a road map for discovering new markets, new products, and new services, and helps you generate creative opportunities to innovate your way to success.
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YouTube talks are better.
- By BizTech Readings on 12-27-16
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Think Like Amazon
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“What would Jeff do?” Since leaving Amazon to advise start-ups and corporations, John Rossman has been asked this question countless times by executives who want to know “the secret” behind Amazon’s historic success. In this step-by-step guide, he provides 50½ answers drawn from his experience as an Amazon executive - and shows today’s business leaders how to think like Amazon, strategize like Bezos, and beat the competition like nobody’s business.
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A must read if you really want to innovate like Amazon
- By Npino on 05-19-19
By: John Rossman
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Digital Transformation
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The confluence of four technologies - elastic cloud computing, big data, artificial intelligence, and the internet of things - writes Siebel, is fundamentally changing how business and government will operate in the 21st century. Siebel masterfully guides listeners through a fascinating discussion of the game-changing technologies driving digital transformation and provides a roadmap to seize them as a strategic opportunity.
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The bible for your Digital Transformation projects
- By GR7381 on 07-19-19
By: Thomas M. Siebel
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What listeners say about Power and Prediction
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Bala
- 03-29-23
How AI is changing and can change the world
Power and Prediction: The Disruptive Economics of Artificial Intelligence is an highly engaging book that explores the ways in which artificial intelligence is changing the way we live and work. The authors argue that AI is not just a tool that can be used to automate tasks or improve efficiency; it is a powerful force that can disrupt entire industries and create new ones. How? with the power of prediction leveraged using AI, industries can transform their businesses and create disruption that can be unimaginable. The authors site a variety of examples from different industries and explain how a first mover advantage exists for those who adopt quickly AI in their innovations and products. The beauty of the book is that it explains AI in the most simplest term. AI cannot replace humans, they cannot self perpetuate and cause doomsday as we have been imagining or having been forced to think like that because of movies, but they can make some of the most fundamental things available at our fingertips if leveraged properly.
The authors focus on two primordial concepts of judgement and prediction. How making this prediction faster using AI can help improve human decision speed. Here they stress the shift from point system AIs to system thinking with interdependent systems and how it can help improve decision speed for businesses and improving the livelihood of humans. The businesses that leverage this are going to be the disruptors. The luddites will be left behind (Recall Math teachers striking in the 1980s because calculators are being used in the class and it is not helping students cognitively).
Must read for all CEOs, CTOs and product managers. Get the chatGPT plugin soon in your products and applications.
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- TOMB
- 03-08-24
Discrete functions of AI
The authors provide a great discussion of the distinction between prediction and judgement. I feel better prepared to understand and appropriately use AI.
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- Jerome A. Moore Jr.
- 01-05-23
A business level discussion of AI
This is a business level discussion of AI. It discusses what AI is and what it can and can’t do. It discusses implementation problems and/or challenges that may result from implementation of AI. Recommend.
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1 person found this helpful
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- A.E.
- 03-26-23
Insightful
As someone who works completely outside the field of AI and computer stuff, I found the content of of this book to be delightfully new, insightful, and relevant.
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- William
- 06-11-23
Great book
Buck was well written covered good topics and touched on some sensitive issues. I recommend it.
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- Timpboy
- 07-07-23
Probably better in written format
This book raises so great insights into AI and the authors do an excellent job probing deeper into the realities of the AI revolution (vs the current hype) forces at play.
Unfortunately not enough of the book hit the “cutting room floor”. There was a lot of information repeated and the case studies limited to the same ones used over and over again. An abridged version might be better.
It was also challenging to fallow the verbal diagrams being explained. I’m sure the written format would be easier to digest.
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- Pastor GR
- 08-26-23
Additional Knowledge of AI
Started reading this book looking for additional insight on using AI and avoiding the pitfalls associated with it. Although I am fairly familiar with AI, I still learned a lot. I had not considered how many products have been using AI and the numerous applications. The book sparked additional ways that AI could be used in my business. There is some redundancy in the book. But the information and some of the AI bias debunking is right on point.
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- Lucy A. Pithecus
- 11-16-22
Inspire system thinking with informative examples
This book is informative and practical. Though AI is a new technology, the authors illustrate the importance and the application of system changes clearly and convincingly by drawing experiences and examples from previous technology evolution.
The concepts, thought processes, and recommendations from this book can easily be applied in areas beyond AI. The ways point change, application change, and system change took place in the past and how we can learn from that to make decisions for now and plan for the future are transferable across different disciplines.
I recommend this book to anyone interested in learning more about management and organizational changes.
If you enjoy this book and want more on how we can learn from AI, check out "Algorithms to Live By" by Brian Christian and Tom Griffiths (2016). If you are interested in how AI can change our future, check out "AI 2041: Ten Visions for Our Future" by Kai-Fu Lee and Chen Qiufan (2021), which illustrates ten predictions on how AI will change the world by telling ten engaging sci-fi stories.
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2 people found this helpful
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- Salem
- 10-05-24
it is good ... but could be shorter
The book is well-written, smooth, and easy to follow, with numerous examples that help explain its concepts. However, its extensive detail sometimes overshadows and dilutes the main message. There might be room for a condensed version of the book that could be shorter and present its core ideas more clearly.
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- Tamara K.
- 10-23-24
Thought Provoking
Power and Prediction is a great listen, highlighting positive AI use cases with realistic optimism.
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