
Prediction Machines
The Simple Economics of Artificial Intelligence
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Narrated by:
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LJ Ganser
"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.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2018 Ajay Agrawal, Joshua Gans, Avi Goldfarb (P)2018 Audible, Inc.Listeners also enjoyed...




















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Intriguing yet grounded exploration of the present and near-future economic impact of machine-learning.
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The book delves into the impact of prediction machines on the economy and guides readers through five essential steps: prediction, decision-making, tools, strategy, and society. One highlight is the AI canvas, a valuable tool that aids business owners in understanding how AI can address their specific challenges. Reminiscent of the "Business Model Canvas," this framework adds an AI-specific dimension.
easy-to-digest “ML for business practitioners”
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Helpful
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super timely and relevant for new tech today
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The economist view is sharp as usual.
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Timely and broadly relevant
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Alexa is more than a music player
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