Prediction Machines
by Ajay Agrawal, Joshua Gans and Avi Goldfarb
Toronto economists reframe AI as cheap prediction, and work out what gets cheaper, what gets more valuable (judgment, data) and how to decide where to deploy it. The clearest economic frame for AI strategy.
Read it if…
you make decisions about AI investment and want a simple, rigorous frame.
See the book →
Skip it if…
you want technical depth.
Try instead: Power and Prediction →
Three things you will actually use
- AI is prediction, and prediction is getting cheap.
- Judgment becomes more valuable.
- Decompose tasks into prediction and judgment.
Do this first
List the predictions your business makes and which are expensive today.
Our verdict
AI as cheap prediction.
See the book →
Compare with other Entrepreneurship books
Power and Prediction
Ajay Agrawal, Joshua Gans and Avi Goldfarb · Entrepreneurship
Systems, not point solutions.
CLICK TO SEE
Browse all Entrepreneurship book reviews or get the free Reality Code Cheat Sheet.
As an Amazon Associate, WisdomDeck earns from qualifying purchases. Links marked “Click to see” go to Amazon. We are not paid for opinions, prices and availability are not shown here and change on Amazon, and we never see your purchase details. Nothing here is medical, legal or financial advice.