Description
Prediction Machines: The Simple Economics of Artificial Intelligence examines artificial intelligence from an economic perspective, explaining how advances in AI are transforming decision-making, business strategy, and the nature of work. Rather than focusing on the technical aspects of AI, the book explores how machine learning reduces the cost of prediction and how this shift influences organizational processes, market dynamics, and competitive advantage. Through practical examples and economic reasoning, it demonstrates how businesses and policymakers can evaluate the opportunities and challenges created by AI-driven technologies. It is an insightful resource for students, business leaders, economists, and professionals interested in the economic impact of artificial intelligence.
