Prediction Machines, Updated and Expanded
The Simple Economics of Artificial Intelligence
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11 655 Ft (11 100 Ft + 5% VAT)
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11 655 Ft
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Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
Not in stock at Prospero.
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Edition number Revised, Revised
- Publisher Harvard Business Review Press
- Date of Publication 15 November 2022
- ISBN 9781647824679
- Binding Hardback
- No. of pages304 pages
- Size 238x154x30 mm
- Weight 522 g
- Language English 831
Categories
Long description:
"What does AI mean for your business? Read this book to find out." - Hal Varian, Chief Economist, Google
Artificial 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.
But in Prediction Machines, three eminent economists recast the rise of AI as a drop in the cost of prediction. With this single, masterful stroke, they lift the curtain on the AI-is-magic hype and show how basic tools from economics provide clarity about the AI revolution and a basis for action by executives, policy makers, investors, and entrepreneurs.
In this newly revised and expanded edition, the authors illustrate how, when AI is framed as cheap prediction, its extraordinary potential becomes clear:
- Prediction is at the heart of making decisions amid uncertainty. Our businesses and personal lives are riddled with such decisions.
- Prediction tools increase productivity-operating machines, handling documents, communicating with customers.
- Uncertainty constrains strategy. Better prediction creates opportunities for new business strategies to compete.
Reflecting on the book's reception, the 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.
Penetrating, insightful, and practical, Prediction Machines will help you navigate the changes on the horizon. The impact of AI will be profound, but the economic framework for understanding it is surprisingly simple.
"It's a must read for economists; it forces us to think more deeply about the essence of AI and its connection to prediction. And it's a must read for the public who need to know the enormous dangers the old/new AI poses to our own and our children's economic futures and freedoms." - Journal of Economic Literature
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