Prediction Machines, Updated and Expanded

Archival Summary & Scope

Named one of "The five best books to understand AI" by The Economist, *Prediction Machines* offers a surprisingly simple economic framework for understanding artificial intelligence. Three eminent economists reframe the rise of AI as a fundamental drop in the cost of prediction, providing economic clarity on the AI revolution and a basis for action for executives, policymakers, investors, and entrepreneurs. This updated edition illustrates how cheap prediction informs decision-making, increases productivity, and creates new business strategies. New material explains AI's role in decision-making processes and the impact of foundational technologies like quantum computing. Insightful and practical, this book helps readers navigate AI's profound changes.