Book

Power and Prediction: The Disruptive Economics of Artificial Intelligence

Artificial intelligence (AI) has impacted many industries around the world—banking and finance, pharmaceuticals, automotive, medical technology, manufacturing, and ret...

[ Important ] the Audiobook is Free !

Disruption resulting from the proliferation of AI is coming. The authors of the bestselling Prediction Machines can help you prepare.

Artificial intelligence (AI) has impacted many industries around the world—banking and finance, pharmaceuticals, automotive, medical technology, manufacturing, and retail. But it has only just begun its odyssey toward cheaper, better, and faster predictions that drive strategic business decisions. When prediction is taken to the max, industries transform, and with such transformation comes disruption.

What is at the root of this? 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—many industries are in the quiet before the storm—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-read guide for any business leader or policymaker on how to make the coming AI disruptions work for you rather than against you.

Related Books

10 Ways to Use ChatGPT in Highschool and College:: A Beginner Guide to ChatGPT with Real Prompts, Examples, Tips, and Step-by-Step Tutorials that Help Students Learn, Write, and Communicate
This book contains over 150 working prompts and 20 real ChatGPT example responses. Each chapter describes several uses of ChatGPT followed by a practical prompt table related to the topics. The tables are compiled into a table at the end for your ease of use.
The ChatGPT Millionaire: Easy Way to Make Money Online Using ChatGPT Effectively
This guide is the ultimate resource for making fast and easy money with ChatGPT, now updated for GPT-4.
Building a Second Brain: A Proven Method to Organize Your Digital Life and Unlock Your Creative Potential
For the first time in history, we have instantaneous access to the world’s knowledge. There has never been a better time to learn, to contribute, and to improve ourselves. Yet, rather than feeling empowered, we are often left feeling overwhelmed by this constant influx of information. The very knowledge that was supposed to set us free has instead led to the paralyzing stress of believing we’ll never know or remember enough.
ChatGPT for Teachers and Students
This book shows you how to create your own prompts for learning with ChatGPT. Creating your own prompts is the best way to teach yourself and others about learning with ChatGPT.
Artificial Intelligence By Example: Acquire advanced AI, machine learning, and deep learning design skills, 2nd Edition
This book will make you an adaptive thinker and help you apply concepts to real-world scenarios. Using some of the most interesting AI examples, right from computer programs such as a simple chess engine to cognitive chatbots, you will learn how to tackle the machine you are competing with. You will study some of the most advanced machine learning models, understand how to apply AI to blockchain and Internet of Things (IoT), and develop emotional quotient in chatbots using neural networks such as recurrent neural networks (RNNs) and convolutional neural networks (CNNs).
ChatGPT & Social Media Marketing: The Ultimate Guide to Succeeding on Social Media. Discover how Artificial Intelligence can make you the world’s best Social Media Manager
This book explores how this powerful language model is changing the way we interact with technology and how you can use it to your advantage.

No comments

No comments...