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Senior Lecturer, Harvard Business School


Senior Lecturer, Harvard Business School‬ ‪‪Cited by 1,016‬‬ ‪entrepreneurship‬ ‪economics of entrepreneurship‬ ‪technology ventures‬.

Reza Satchu Founder and Managing Partner, Alignvest Management Corporation, Senior Lecturer, Harvard Business School, Founding Chairman, NEXT Canada.

Ajay Agrawal, Joshua Gans, Avi Goldfarb:

What does AI mean for your business? Read this book to find out."--Hal Varian, Chief Economist, Google Artificial intelligence does the seemingly impossible, magically bringing machines to life--driving cars, trading stocks, and teaching children. But facing the sea change that AI will bring 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 analysts 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 CEOs, managers, policy makers, investors, and entrepreneurs. When AI is framed as cheap prediction, its extraordinary potential becomes clear: Prediction is at the heart of making decisions under 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 structures and strategies to compete. Penetrating, fun, and always insightful and practical, Prediction Machines follows its inescapable logic to explain how to navigate the changes on the horizon. The impact of AI will be profound, but the economic framework for understanding it is surprisingly simple.

Predictive machines: The simple economics of artificial intelligence:

When AI is framed as simple prediction, its extraordinary potential becomes apparent. What implications does artificial intelligence have for your business? How should companies set strategies, governments design policies, and people plan their lives for such a world? different from what we know? Facing the radical change that AI will bring can be paralyzing. Predictive Engines shows how the basic tools of prediction will undergo a revolutionary change thanks to AI and the economic repercussions that this will bring, offering a basis for action for CEOs, managers, politicians, investors and entrepreneurs. Reviews: "Artificial intelligence (AI) can transform your life. And Predictive Machines will transform your understanding of it. This is the best book ever written on what may be the best technology ever developed.” LAWRENCE H. SUMMERS Former President of Harvard University, former Secretary of the US Department of the Treasury, and former Chief Economist of the World Bank." Predictive Machines is a groundbreaking book that focuses on what business strategists and managers really need to know about the AI ​​revolution. Taking a grounded and realistic perspective on this technology, this book uses economic principles and strategy to understand how businesses, industries, and administrations will be transformed by AI." SUSAN ATHEY. Professor of Economics of Technology, Stanford University; former researcher and advisor to… Former President of Harvard University, former Secretary of the US Department of the Treasury, and former Chief Economist of the World Bank." Predictive Machines is a groundbreaking book that focuses on what strategists and business managers really need to know about the AI ​​revolution. A grounded and realistic perspective on this technology, this book uses economic principles and strategy to understand how businesses, industries, and administrations will be transformed by AI." SUSAN ATHEY. Professor of Economics of Technology, Stanford University; Former researcher and advisor to... Former President of Harvard University, former Secretary of the US Department of the Treasury, and former Chief Economist of the World Bank." Predictive Machines is a groundbreaking book that focuses on what strategists and business managers really need to know about the AI ​​revolution. A grounded and realistic perspective on this technology, this book uses economic principles and strategy to understand how businesses, industries, and administrations will be transformed by AI." SUSAN ATHEY. Professor of Economics of Technology, Stanford University; Former researcher and advisor to... Predictive Machines is a groundbreaking book that focuses on what business strategists and managers really need to know about the AI ​​revolution. Taking a grounded and realistic perspective on this technology, this book uses economic principles and strategy to understand how businesses, industries, and administrations will be transformed by AI." SUSAN ATHEY. Professor of Economics of Technology, Stanford University; former researcher and advisor to… Predictive Machines is a groundbreaking book that focuses on what business strategists and managers really need to know about the AI ​​revolution. Taking a grounded and realistic perspective on this technology, this book uses economic principles and strategy to understand how businesses, industries, and administrations will be transformed by AI." SUSAN ATHEY. Professor of Economics of Technology, Stanford University; former researcher and advisor to… SUSAN ATHEY. Professor of Economics of Technology, Stanford University; Former researcher and advisor to... SUSAN ATHEY. Professor of Economics of Technology, Stanford University; Former researcher and advisor to...

Shasha Dai, Beina Xu, Christopher Chung:

The Private Equity Analyst Dow Jones & Company, Inc. Financial Information Services

Nabeel Ahmed, Stephen Couchman June:

In June 2013, Alastair Wilson of the UK’s School for Social Entrepreneurs visited Toronto and convinced an audience of nearly 50 people to squeeze into a somewhat airless room at 7am to attend his provocatively titled talk, Down With Meritocracy! It described the disillusionment with an idea that had been let down by its champions.

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