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Prediction Machines: The Simple Economics of Artificial Intelligence (Hardcover) Loot Price: R484
Discovery Miles 4 840
You Save: R125 (21%)
Prediction Machines: The Simple Economics of Artificial Intelligence (Hardcover): A Agrawal, Joshua Gans, Avi Goldfarb

Prediction Machines: The Simple Economics of Artificial Intelligence (Hardcover)

A Agrawal, Joshua Gans, Avi Goldfarb

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List price R609 Loot Price R484 Discovery Miles 4 840 You Save R125 (21%)

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The idea of artificial intelligence--job-killing robots, self-driving cars, and self-managing organizations--captures the imagination, evoking a combination of wonder and dread for those of us who will have to deal with the consequences. But what if it's not quite so complicated? The real job of artificial intelligence, argue these three eminent economists, is to lower the cost of prediction. And once you start talking about costs, you can use some well‐established economics to cut through the hype.

The constant challenge for all managers is to make decisions under uncertainty. And AI contributes by making knowing what's coming in the future cheaper and more certain. But decision making has another component: judgment, which is firmly in the realm of humans, not machines. Making prediction cheaper means that we can make more predictions more accurately and assess them with our better (human) judgment. Once managers can separate tasks into components of prediction and judgment, we can begin to understand how to optimize the interface between humans and machines.

More than just an account of AI's powerful capabilities, Prediction Machines shows managers how they can most effectively leverage AI, disrupting business as usual only where required, and provides businesses with a toolkit to navigate the coming wave of challenges and opportunities.

General

Imprint: Harvard Business Review Press
Country of origin: United States
Release date: April 2018
Authors: A Agrawal • Joshua Gans • Avi Goldfarb
Dimensions: 235 x 156 x 32mm (L x W x T)
Format: Hardcover
Pages: 256
ISBN-13: 978-1-63369-567-2
Categories: Books > Business & Economics > Economics > General
Books > Business & Economics > Business & management > Business strategy
Books > Business & Economics > Business & management > Management & management techniques > General
Books > Business & Economics > Industry & industrial studies > Media, information & communication industries > Information technology industries
Books > Computing & IT > Applications of computing > Artificial intelligence > General
LSN: 1-63369-567-0
Barcode: 9781633695672

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