Power and Prediction: The Disruptive Economics of Artificial Intelligence

The authors of "Prediction Machines" have written a new book, "Power and Prediction," that examines the economics of AI and its implications for decision-making. The rise of AI is shifting prediction from humans to machines, increasing the speed and accuracy of decisions, and has profound implications for system-level innovation. The book provides practical advice for business leaders and policymakers on how to make the coming AI disruptions work for them.

Format: Hardback
Length: 256 pages
Publication date: 26 October 2022
Publisher: Harvard Business Review Press

The proliferation of artificial intelligence (AI) is bringing about significant disruptions across various industries. The authors of the bestselling book "Prediction Machines" have authored a new book titled "Power and Prediction," which delves deeper into the realm of decision-making and its implications in the age of AI. In this comprehensive work, the authors explain that the two fundamental components of decision-making are prediction and judgment, which are intertwined in our minds often without conscious awareness. The rise of AI is shifting the responsibility of prediction from humans to machines, relieving individuals of the cognitive burden while enhancing the speed and accuracy of decision-making processes.

This shift has profound implications for system-level innovation, as redesigning systems of interdependent decisions requires considerable time and effort. However, when these new systems emerge, they can disrupt industries on a global scale. Decision-making holds immense power, whether in the business world, where it translates into profits, or in society, where it signifies control. The authors of "Power and Prediction" provide valuable insights, examples, and practical advice to help businesses navigate this evolving landscape and leverage opportunities while protecting their positions.

The book is filled with illuminating insights that shed light on the complex dynamics of decision-making in the AI era. It offers practical strategies and techniques for businesses to adapt and thrive in this rapidly changing environment. By understanding the economics of AI and the role of prediction and judgment in decision-making, businesses can position themselves for success and navigate the challenges posed by the proliferation of AI.

In conclusion, "Power and Prediction" is a must-read for anyone interested in understanding the future of decision-making and its implications in the age of AI. The authors' insights, examples, and practical advice provide valuable guidance for businesses and individuals seeking to navigate the disruptions and opportunities that AI brings. By embracing the power of prediction and judgment, we can unlock new possibilities and drive strategic innovation in our industries.

Dimension: 234 x 155 (mm)
ISBN-13: 9781647824198