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POWER AND PREDICTION

Laterna

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About this item

Seller assumes all responsibility for this listing. Item number: 13847

Last updated on Jun 13, 2026 06:06 PM

Item specifics

Category Brains & Noble > Management

Condition new

SKU LA-21440

Item description from the seller

"Power and Prediction: The Disruptive Economics of Artificial Intelligence" by Ajay Agrawal, Joshua Gans, and Avi Goldfarb explores how artificial intelligence (AI), particularly predictive technologies, is transforming industries, economies, and society at large. The book focuses on AI’s ability to enhance decision-making through predictive analytics, which has the potential to reshape how businesses operate and how individuals make choices. The authors, all prominent economists, argue that the most powerful application of AI lies in its ability to improve predictions. They explain how predictive technology is different from previous technological disruptions, in that it fundamentally changes the way decisions are made rather than merely automating tasks. With more accurate predictions, businesses can optimize resources, anticipate market shifts, and reduce uncertainty, which in turn can lead to entirely new business models and processes. "Power and Prediction" outlines the economic implications of AI by emphasizing that this new prediction capability allows businesses to reallocate decision-making to machines, leading to efficiency gains. However, the authors also highlight that the disruption caused by AI will be uneven, benefiting some industries and businesses while potentially sidelining others that fail to adapt. They explore how certain sectors, like healthcare, finance, and manufacturing, are already being transformed by AI, and they warn of the potential challenges related to job displacement and privacy concerns. The book also discusses the role of policymakers in ensuring that the benefits of AI are widely distributed and that the disruption it causes is managed effectively. It emphasizes the need for regulatory frameworks to address the ethical implications of predictive AI and its impact on society.