Prediction Machines: The Simple Economics of Artificial Intelligence

Ajay Agrawal, Joshua Gans, and Avi Goldfarb

Prediction Machines: The Simple Economics of Artificial Intelligence

Harvard Business School Press

Artificial intelligence does the seemingly impossible, bringing machines to life, a concept terrifying to some and welcome to others. In Prediction Machines, three eminent economists lift the curtain on the AI hype and show how basic tools from economics provide clarity about the AI revolution and a basis for action by CEOs, policy makers, investors, and entrepreneurs. Penetrating, insightful, and practical, Prediction Machines follows its inescapable logic to explain how to navigate the changes on the horizon.