Power And Prediction Book Summary - Power And Prediction Book explained in key points
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Power And Prediction summary

The Disruptive Economics of Artificial Intelligence

3.2 (69 ratings)
6 mins
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    Power And Prediction
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    One big idea: Decoupling prediction from judgment in decision-making.

    Welcome to this Big Idea Blink. For this type of Blink, our editors choose one thought-provoking insight from a book so you can learn something new within just a few minutes. 

    Today, we'd like to talk about decision-making. But, not just any decision-making. We want to take a look into the promising partnership between computerized prediction and human judgment given the meteoric rise of AI. AI technology has become excellent at generating precise predictions, but that doesn’t mean old-fashioned human judgment should fall to the wayside. In fact, as we’ll discover in this Big Idea, human judgment will only become more crucial as AI continues to advance. Now, isn't that an exciting game changer to ponder over?

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    What is Power And Prediction about?

    Power And Prediction (2018) explores the impact of AI's advancements in prediction on decision-making processes, where AI handles the predictive elements and human judgment is important in their interpretation and application.

    Power And Prediction Review

    Power And Prediction by Ajay Agrawal, Joshua Gans & Avi Goldfarb (2020) explores how artificial intelligence is changing the nature of industries and the economy. Here's why this book is a must-read:

    • Provides insights on how AI is revolutionizing decision-making processes across sectors, showcasing its potential impact.
    • Delivers a comprehensive analysis of AI's ability to predict outcomes, offering a profound understanding of its implications for businesses and society.
    • Engages readers with compelling examples and data-driven arguments, making complex AI concepts accessible and intriguing.

    Who should read Power And Prediction?

    • AI enthusiasts
    • Business leaders
    • Career strategists

    About the Author

    Ajay Agrawal is a Professor of Strategic Management at the University of Toronto.

    Joshua Gans is a Professor of Strategic Management and holder of the Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship at the University of Toronto's Rotman School of Management.

    Avi Goldfarb is the Ellison Professor of Marketing at the University of Toronto's Rotman School of Management. They are all academic trailblazers specializing in technology strategy.

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    Power And Prediction FAQs 

    What is the main message of Power And Prediction?

    The book explores how AI and prediction are reshaping industries and the implications for power dynamics.

    How long does it take to read Power And Prediction?

    The estimated reading time for Power And Prediction is a few hours. The Blinkist summary can be read in just around 15 minutes.

    Is Power And Prediction a good book? Is it worth reading?

    Power And Prediction is a must-read for those interested in understanding the impact of AI on power structures. It offers valuable insights in a concise format.

    Who is the author of Power And Prediction?

    Ajay Agrawal, Joshua Gans, and Avi Goldfarb co-authored Power And Prediction.

    What to read after Power And Prediction?

    If you're wondering what to read next after Power And Prediction, here are some recommendations we suggest:
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    • Your Journey to Financial Freedom by Jamila Souffrant
    • The Business Of The 21st Century by Robert T. Kiyosaki
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    • Make Your Mark by Jocelyn K. Glei