Power and Prediction: The Disruptive Economics of Artificial Intelligence [VINTAGE 2022] [FIRST EDITION, FIRST PRINTING]

As new condition dark blue boards with green spine lettering contained in an as new condition non price-clipped color illustrated dust jacket. Includes Praise for Power and Prediction; Authors' Dedication; Preface: Success from Away?; Epilogue: AI Bias and Systems; Notes; Index; Acknowledgments and About the Authors. Illustrated with diagrams and black-and-white drawings. "This is a book that leaders of all types of organizations should read. It explains the enormous size of the AI opportunity and the challenges in getting there." - Dominic Barton, Chair, Rio Tinto; former Global Managing Partner, McKinsey & Co. "AI may be to the twenty-first century what electricity was to the twentieth. This is the best book yet that considers what it will mean for all who participate in our economy." - Lawrence H. Summers. "AI will surely displace jobs and disrupt industries in the decades to come. The system-level changes that are on the horizon are excitingly discussed in this book." - Vinod Khosla, co-founder, Sun Microsystems. "Power and Prediction is a hugely thought-porovoking and inspiring primer on how to shape strategy and design organizations in the age of AI." - Heather Reisman, founder and CEO, Indigo Books and Music. "We're told AI will be the most important thing humanity ever works on, yet it feels abstract and niche in its current impact on the world. This book is a must-read for anyone who wants to peek around the corner into AI's future." - Shivon Zilis, Director of Operations and Special Projects, Neuralink; former project director, Tesla. "Agrawal, Gans, and Goldfab have done it again! Their new book, Power and Prediction, is destined to become the definitive guide to understanding how and why AI is transforming the economy." - Erik Brynjolfsson, professor at Stamford University and author. "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 insight, rich examples, and practical advice, Power and Prediction is the must-read guide for any business leader or policy maker on how to make the coming AI disruptions work for your rather than against you." - from the inner front jacket flap.…