{"product_id":"prediction-machines-updated-and-expanded-the-simple-economics-of-artificial-intelligence-hardcover","title":"Prediction Machines, Updated and Expanded: The Simple Economics of Artificial Intelligence - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eAjay Agrawal\u003c\/b\u003e (Author), \u003cb\u003eJoshua Gans\u003c\/b\u003e (Author), \u003cb\u003eAvi Goldfarb\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eNamed one of \"The five best books to understand AI\" by \u003ci\u003eThe Economist\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe impact AI will have is profound, but the economic framework for understanding it is surprisingly simple.\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eArtificial 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.\u003c\/p\u003e\u003cp\u003eBut in \u003ci\u003ePrediction Machines\u003c\/i\u003e, 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.\u003c\/p\u003e\u003cp\u003eIn this new, updated edition, the authors illustrate how, when AI is framed as cheap prediction, its extraordinary potential becomes clear: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003ePrediction is at the heart of making decisions amid uncertainty. Our businesses and personal lives are riddled with such decisions.\u003c\/li\u003e\n\u003cli\u003ePrediction tools increase productivity--operating machines, handling documents, communicating with customers.\u003c\/li\u003e\n\u003cli\u003eUncertainty constrains strategy. Better prediction creates opportunities for new business strategies to compete.\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe 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.\u003c\/p\u003e\u003cp\u003ePenetrating, insightful, and practical, \u003ci\u003ePrediction Machines\u003c\/i\u003e will help you navigate the changes on the horizon.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAjay Agrawal\u003c\/b\u003e is Professor of Strategic Management and the Geoffrey Taber Chair in Entrepreneurship and Innovation at the University of Toronto's Rotman School of Management. He is founder of the Creative Destruction Lab and the Metaverse Mind Lab and cofounder of NEXT Canada and Sanctuary.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eJoshua Gans\u003c\/b\u003e is the Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship and Professor of Strategic Management at Toronto's Rotman School of Management. He is Chief Economist of the Creative Destruction Lab, department editor (Strategy) at \u003ci\u003eManagement Science\u003c\/i\u003e, and cofounder and managing director of Core Economic Research.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAvi Goldfarb\u003c\/b\u003e is the Rotman Chair in Artificial Intelligence and Healthcare and Professor of Marketing at Toronto's Rotman School of Management. He is also Chief Data Scientist at the Creative Destruction Lab, a fellow at Behavioral Economics in Action at Rotman, and a faculty affiliate at the Vector Institute for Artificial Intelligence.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 304\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.2 x 9.4 x 6.1 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e November 15, 2022\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":45176772165711,"sku":"9781647824679","price":32.2,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0638\/8328\/0463\/files\/MFQxeStPeW5aeWV6QkNWY2wwSFFUUT09.webp?v=1778198388","url":"https:\/\/easonbooks.com\/products\/prediction-machines-updated-and-expanded-the-simple-economics-of-artificial-intelligence-hardcover","provider":"EasonBooks","version":"1.0","type":"link"}