
Prediction Machines
The Simple Economics of Artificial Intelligence
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wish list failed.
Follow podcast failed
Unfollow podcast failed
Buy Now for $25.00
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
-
Narrated by:
-
LJ Ganser
-
Written by:
-
Ajay Agrawal
-
Joshua Gans
-
Avi Goldfarb
About this listen
"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.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2018 Ajay Agrawal, Joshua Gans, Avi Goldfarb (P)2018 Audible, Inc.You may also enjoy...
-
A Hacker's Mind
- How the Powerful Bend Society's Rules, and How to Bend Them Back
- Written by: Bruce Schneier
- Narrated by: Dan John Miller
- Length: 8 hrs and 3 mins
- Unabridged
-
Overall
-
Performance
-
Story
In A Hacker’s Mind, Bruce Schneier takes hacking out of the world of computing and uses it to analyze the systems that underpin our society: from tax laws to financial markets to politics. He reveals an array of powerful actors whose hacks bend our economic, political, and legal systems to their advantage, at the expense of everyone else.
-
-
A Must Read
- By Candace Sundbo on 2023-10-11
Written by: Bruce Schneier
-
Power and Prediction
- The Disruptive Economics of Artificial Intelligence
- Written by: Ajay Agrawal, Joshua Gans, Avi Goldfarb
- Narrated by: Tom Beyer
- Length: 10 hrs and 7 mins
- Unabridged
-
Overall
-
Performance
-
Story
In their bestselling first book, Prediction Machines, eminent economists Ajay Agrawal, Joshua Gans, and Avi Goldfarb explained the simple yet game-changing economics of AI. Now, in Power and Prediction, they go deeper, examining the most basic unit of analysis: the decision. The authors explain that the two key decision-making ingredients are prediction and judgment, and we perform both together in our minds, often without realizing it.
-
-
Some great nuggets in here
- By Consumer on 2023-03-22
Written by: Ajay Agrawal, and others
-
The Hidden Habits of Genius
- Beyond Talent, IQ, and Grit - Unlocking the Secrets of Greatness
- Written by: Craig Wright
- Narrated by: Fred Sanders
- Length: 10 hrs and 7 mins
- Unabridged
-
Overall
-
Performance
-
Story
What is genius? The word evokes iconic figures like Einstein, Beethoven, Picasso, and Steve Jobs, whose cultural contributions have irreversibly shaped society. Yet Beethoven could not multiply. Picasso couldn’t pass a fourth grade math test. And Jobs left high school with a 2.65 GPA. The Hidden Habits of Genius explores the meaning of this contested term, and the unexpected motivations of those we have dubbed "genius" throughout history, from Charles Darwin and Marie Curie to Leonardo Da Vinci and Andy Warhol to Toni Morrison and Elon Musk.
-
-
Genius, Dare I Say?
- By RandomAccount007 on 2025-01-31
Written by: Craig Wright
-
The Alignment Problem
- Machine Learning and Human Values
- Written by: Brian Christian
- Narrated by: Brian Christian
- Length: 13 hrs and 33 mins
- Unabridged
-
Overall
-
Performance
-
Story
Today's "machine-learning" systems, trained by data, are so effective that we've invited them to see and hear for us - and to make decisions on our behalf. But alarm bells are ringing. Systems cull résumés until, years later, we discover that they have inherent gender biases. Algorithms decide bail and parole - and appear to assess black and white defendants differently. We can no longer assume that our mortgage application, or even our medical tests, will be seen by human eyes. And autonomous vehicles on our streets can injure or kill.
-
-
Great insight into how machines learn
- By Amazon Customer on 2023-12-01
Written by: Brian Christian
-
Essential Poker Math, Expanded Edition
- Fundamental No-Limit Hold'em Mathematics You Need to Know
- Written by: Alton Hardin
- Narrated by: Joshua Alexander
- Length: 5 hrs and 5 mins
- Unabridged
-
Overall
-
Performance
-
Story
Poker math is a vitally important aspect to no-limit hold'em poker, but it's often overlooked or simply not used because many poker players fear it's too difficult to learn. I'm here to tell you it is not. In fact, fundamental poker math is very easy to learn. After listening to this book, you'll have mastered fundamental no-limit hold'em mathematics. You'll have gained a huge skill advantage over your opponents and will be able to effectively use math at the poker table to make profitable moves. Most importantly, you'll become a much better and profitable poker player!
-
-
Great!
- By CanadaBob on 2021-09-16
Written by: Alton Hardin
-
HBR's 10 Must Reads on AI (With Bonus Article "How to Win with Machine Learning" by Ajay Agrawal, Joshua Gans, and Avi Goldfarb)
- HBR's 10 Must Reads Series
- Written by: Harvard Business Review
- Narrated by: Lauren Pedersen, Will Tulin
- Length: 4 hrs and 58 mins
- Unabridged
-
Overall
-
Performance
-
Story
If you read (or listen to) nothing else on artificial intelligence and machine learning, listen to these ten articles. We've combed through hundreds of Harvard Business Review articles and selected the most important ones to help you understand the future direction of AI, bring your AI initiatives to scale, and use AI to transform your organization.
-
-
Very timely
- By Roberta W on 2024-06-10
Written by: Harvard Business Review
-
A Hacker's Mind
- How the Powerful Bend Society's Rules, and How to Bend Them Back
- Written by: Bruce Schneier
- Narrated by: Dan John Miller
- Length: 8 hrs and 3 mins
- Unabridged
-
Overall
-
Performance
-
Story
In A Hacker’s Mind, Bruce Schneier takes hacking out of the world of computing and uses it to analyze the systems that underpin our society: from tax laws to financial markets to politics. He reveals an array of powerful actors whose hacks bend our economic, political, and legal systems to their advantage, at the expense of everyone else.
-
-
A Must Read
- By Candace Sundbo on 2023-10-11
Written by: Bruce Schneier
-
Power and Prediction
- The Disruptive Economics of Artificial Intelligence
- Written by: Ajay Agrawal, Joshua Gans, Avi Goldfarb
- Narrated by: Tom Beyer
- Length: 10 hrs and 7 mins
- Unabridged
-
Overall
-
Performance
-
Story
In their bestselling first book, Prediction Machines, eminent economists Ajay Agrawal, Joshua Gans, and Avi Goldfarb explained the simple yet game-changing economics of AI. Now, in Power and Prediction, they go deeper, examining the most basic unit of analysis: the decision. The authors explain that the two key decision-making ingredients are prediction and judgment, and we perform both together in our minds, often without realizing it.
-
-
Some great nuggets in here
- By Consumer on 2023-03-22
Written by: Ajay Agrawal, and others
-
The Hidden Habits of Genius
- Beyond Talent, IQ, and Grit - Unlocking the Secrets of Greatness
- Written by: Craig Wright
- Narrated by: Fred Sanders
- Length: 10 hrs and 7 mins
- Unabridged
-
Overall
-
Performance
-
Story
What is genius? The word evokes iconic figures like Einstein, Beethoven, Picasso, and Steve Jobs, whose cultural contributions have irreversibly shaped society. Yet Beethoven could not multiply. Picasso couldn’t pass a fourth grade math test. And Jobs left high school with a 2.65 GPA. The Hidden Habits of Genius explores the meaning of this contested term, and the unexpected motivations of those we have dubbed "genius" throughout history, from Charles Darwin and Marie Curie to Leonardo Da Vinci and Andy Warhol to Toni Morrison and Elon Musk.
-
-
Genius, Dare I Say?
- By RandomAccount007 on 2025-01-31
Written by: Craig Wright
-
The Alignment Problem
- Machine Learning and Human Values
- Written by: Brian Christian
- Narrated by: Brian Christian
- Length: 13 hrs and 33 mins
- Unabridged
-
Overall
-
Performance
-
Story
Today's "machine-learning" systems, trained by data, are so effective that we've invited them to see and hear for us - and to make decisions on our behalf. But alarm bells are ringing. Systems cull résumés until, years later, we discover that they have inherent gender biases. Algorithms decide bail and parole - and appear to assess black and white defendants differently. We can no longer assume that our mortgage application, or even our medical tests, will be seen by human eyes. And autonomous vehicles on our streets can injure or kill.
-
-
Great insight into how machines learn
- By Amazon Customer on 2023-12-01
Written by: Brian Christian
-
Essential Poker Math, Expanded Edition
- Fundamental No-Limit Hold'em Mathematics You Need to Know
- Written by: Alton Hardin
- Narrated by: Joshua Alexander
- Length: 5 hrs and 5 mins
- Unabridged
-
Overall
-
Performance
-
Story
Poker math is a vitally important aspect to no-limit hold'em poker, but it's often overlooked or simply not used because many poker players fear it's too difficult to learn. I'm here to tell you it is not. In fact, fundamental poker math is very easy to learn. After listening to this book, you'll have mastered fundamental no-limit hold'em mathematics. You'll have gained a huge skill advantage over your opponents and will be able to effectively use math at the poker table to make profitable moves. Most importantly, you'll become a much better and profitable poker player!
-
-
Great!
- By CanadaBob on 2021-09-16
Written by: Alton Hardin
-
HBR's 10 Must Reads on AI (With Bonus Article "How to Win with Machine Learning" by Ajay Agrawal, Joshua Gans, and Avi Goldfarb)
- HBR's 10 Must Reads Series
- Written by: Harvard Business Review
- Narrated by: Lauren Pedersen, Will Tulin
- Length: 4 hrs and 58 mins
- Unabridged
-
Overall
-
Performance
-
Story
If you read (or listen to) nothing else on artificial intelligence and machine learning, listen to these ten articles. We've combed through hundreds of Harvard Business Review articles and selected the most important ones to help you understand the future direction of AI, bring your AI initiatives to scale, and use AI to transform your organization.
-
-
Very timely
- By Roberta W on 2024-06-10
Written by: Harvard Business Review
-
Skip the Line
- The 10,000 Experiments Rule and Other Surprising Advice for Reaching Your Goals
- Written by: James Altucher
- Narrated by: James Altucher
- Length: 7 hrs and 2 mins
- Unabridged
-
Overall
-
Performance
-
Story
We live in a hierarchical world where experience has traditionally been the key to promotion. But that period is over! Straight, clear-cut career trajectories no longer exist. Industries disappear, job descriptions change, and people's interests and passions evolve. The key to riding this wave, entrepreneur James Altucher advises, is to constantly be curious about what's next, to be comfortable with uncertainty so you can keep navigating the rough waters ahead, and most importantly, to pursue the things that interest you.
-
-
Fantastic
- By libby on 2021-07-08
Written by: James Altucher
-
AI Superpowers
- China, Silicon Valley, and the New World Order
- Written by: Kai-Fu Lee
- Narrated by: Mikael Naramore
- Length: 9 hrs and 28 mins
- Unabridged
-
Overall
-
Performance
-
Story
In AI Superpowers, Kai-fu Lee argues powerfully that because of these unprecedented developments in AI, dramatic changes will be happening much sooner than many of us expected. Indeed, as the US-Sino AI competition begins to heat up, Lee urges the US and China to both accept and to embrace the great responsibilities that come with significant technological power.
-
-
Great Insight to the Future
- By Geoff on 2020-09-08
Written by: Kai-Fu Lee
-
Your Deceptive Mind: A Scientific Guide to Critical Thinking Skills
- Written by: Steven Novella, The Great Courses
- Narrated by: Steven Novella
- Length: 12 hrs and 39 mins
- Original Recording
-
Overall
-
Performance
-
Story
No skill is more important in today's world than being able to think about, understand, and act on information in an effective and responsible way. What's more, at no point in human history have we had access to so much information, with such relative ease, as we do in the 21st century. But because misinformation out there has increased as well, critical thinking is more important than ever. These 24 rewarding lectures equip you with the knowledge and techniques you need to become a savvier, sharper critical thinker in your professional and personal life.
-
-
Great book worth a listen but maybe I'm bias.
- By Martin on 2018-01-15
Written by: Steven Novella, and others
-
Flash Crash
- A Trading Savant, a Global Manhunt, and the Most Mysterious Market Crash in History
- Written by: Liam Vaughan
- Narrated by: Liam Vaughan
- Length: 7 hrs and 47 mins
- Unabridged
-
Overall
-
Performance
-
Story
On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man at the center of them both.
-
-
Flowed very nicely. Easy to listen to.
- By Anonymous User on 2024-04-10
Written by: Liam Vaughan
-
What's Our Problem?
- A Self-Help Book for Societies
- Written by: Tim Urban
- Narrated by: Tim Urban
- Length: 13 hrs and 58 mins
- Unabridged
-
Overall
-
Performance
-
Story
From the creator of the wildly popular blog Wait but Why, a fun and fascinating deep dive into what the hell is going on in our strange, unprecedented modern times.
-
-
Excellent Framework with the Ladder
- By Ken Belanger on 2024-10-10
Written by: Tim Urban
-
Genius Makers
- The Mavericks Who Brought AI to Google, Facebook, and the World
- Written by: Cade Metz
- Narrated by: John Lee
- Length: 9 hrs and 59 mins
- Unabridged
-
Overall
-
Performance
-
Story
What does it mean to be smart? To be human? What do we really want from life and the intelligence we have, or might create? With deep and exclusive reporting, across hundreds of interviews, New York Times Silicon Valley journalist Cade Metz brings you into the rooms where these questions are being answered. Where an extraordinarily powerful new artificial intelligence has been built into our biggest companies, our social discourse, and our daily lives, with few of us even noticing.
-
-
Very informative
- By Matthew on 2021-03-28
Written by: Cade Metz
-
The Price of Tomorrow
- Why Deflation Is the Key to an Abundant Future
- Written by: Jeff Booth
- Narrated by: Brian Troxell
- Length: 5 hrs and 49 mins
- Unabridged
-
Overall
-
Performance
-
Story
We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance - and they are profoundly deflationary. Our economic systems were built for a pre-technology era when labor and capital were inextricably linked - an era that counted on growth and inflation and an era where we made money from inefficiency.
-
-
old hat, homo deus did it
- By Anonymous User on 2021-06-29
Written by: Jeff Booth
-
Irresistible
- The Rise of Addictive Technology and the Business of Keeping Us Hooked
- Written by: Adam Alter
- Narrated by: Adam Alter
- Length: 8 hrs and 17 mins
- Unabridged
-
Overall
-
Performance
-
Story
Welcome to the age of behavioral addiction - an age in which half of the American population is addicted to at least one behavior. We obsess over our emails, Instagram likes, and Facebook feeds; we binge on TV episodes and YouTube videos; we work longer hours each year; and we spend an average of three hours each day using our smartphones. Half of us would rather suffer a broken bone than a broken phone, and Millennial kids spend so much time in front of screens that they struggle to interact with real, live humans.
-
-
Liked the Message
- By Konstantin Chesnokov on 2020-06-01
Written by: Adam Alter
-
The Art of Business Wars
- Battle-Tested Lessons for Leaders and Entrepreneurs from History's Greatest Rivalries
- Written by: David Brown
- Narrated by: David Brown
- Length: 11 hrs and 56 mins
- Unabridged
-
Overall
-
Performance
-
Story
Based on the chart-topping Business Wars podcast, stories, and lessons from history’s greatest business rivalries, interspersed with audio clips from the podcast. Using Chinese military genius Sun Tzu’s strategies as a guide, Brown examines why some companies triumph while others crumble....
Written by: David Brown
-
The Structure of Scientific Revolutions
- Written by: Thomas S. Kuhn
- Narrated by: Dennis Holland
- Length: 10 hrs and 14 mins
- Unabridged
-
Overall
-
Performance
-
Story
A good book may have the power to change the way we see the world, but a great book actually becomes part of our daily consciousness, pervading our thinking to the point that we take it for granted, and we forget how provocative and challenging its ideas once were - and still are. The Structure of Scientific Revolutions is that kind of book.
-
-
Started slow, but finished strong
- By Myron Hedderson on 2019-02-10
Written by: Thomas S. Kuhn
-
The Scout Mindset
- Why Some People See Things Clearly and Others Don't
- Written by: Julia Galef
- Narrated by: Julia Galef
- Length: 6 hrs and 26 mins
- Unabridged
-
Overall
-
Performance
-
Story
When it comes to what we believe, humans see what they want to see. In other words, we have what Julia Galef calls a "soldier" mindset. From tribalism and wishful thinking, to rationalizing in our personal lives and everything in between, we are driven to defend the ideas we most want to believe - and shoot down those we don't.
-
-
Really fun! Excellent performance!
- By Joseph A. on 2021-07-21
Written by: Julia Galef
-
The Illuminati
- The Secret Society That Hijacked the World
- Written by: Jim Marrs
- Narrated by: Terrence Bayes
- Length: 19 hrs and 23 mins
- Unabridged
-
Overall
-
Performance
-
Story
Chilling initiations. Big banks and money manipulations. Possible links to the Rockefellers, Rothschilds, Adamses, and Bushes. Reviewing the evidence, documents, and connections, The Illuminati: The Secret Society That Hijacked the World by award-winning journalist and author Jim Marrs shines a light on the history, workings, continuing influence, and pernicious and hidden power of this secret order. Surveying experts, Marrs cuts through the wild speculation and the attempts to silence critical thinkers to tell the true story of this secret cabal.
-
-
Full of information ppl should KNOW .
- By J on 2020-09-06
Written by: Jim Marrs
What listeners say about Prediction Machines
Average Customer RatingsReviews - Please select the tabs below to change the source of reviews.
-
Overall
-
Performance
-
Story
- Christine
- 2020-01-28
Interesting & Relevant
Loved the focus on real life AI applications & details on the implications on humans & business.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Claude, Calgary
- 2020-01-05
A good overview of AI
Predicition Machines provides a very good explanation of what is Artificial Intelligence as well as what it is not. I think the biggest value the book provide is a series of questions a leader has to consider before embarking into AI. It basically covers all the ground one will eventually face. I really enjoyed the book.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
1 person found this helpful
-
Overall
-
Performance
-
Story
- Harrison White
- 2020-05-13
Keep up with the future
This is a very interesting and easily digestible introduction to AI. Will be one of my most recommended books this year. It can help spark ideas and help you understand the basics of AI + the potential that it has.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
3 people found this helpful
-
Overall
-
Performance
-
Story
- Anonymous User
- 2021-05-18
Many books are worth reading twice, this is not!
I really enjoyed the valuable information I gained by listening to this book. The length, however, is not appropriate for the content. I mean, there are many repetitive ideas throughout the book.
The authors come back to the same ideas again and again to explain dimensions that are somehow very similar to each other.
It could have been done in the half size of the current book.
Furthermore, the voice is somehow wired. Even though it is totally understandable, sometimes words overlap, as if the voice had been recorded in a slower speed and then had been sped up to cover up the problem, a measure which was not successful enough.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
3 people found this helpful
-
Overall
-
Performance
-
Story
- Ryan
- 2018-11-05
How will A.I. really change the world?
If you think about it, with economists routinely criticized for having overly rational models of human behaviour, who better to explain the value and limitations of artificial intelligence than an economist - or even better, three economists!
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
2 people found this helpful
-
Overall
-
Performance
-
Story
- Sergio S.
- 2020-04-20
Great breakdown of current applications of AI
A very user friendly approach to prediction and its economic impacts. Great read for anyone interesting in AI
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
1 person found this helpful