Showing results by author "Ajay Agrawal" in All Categories

Artificial intelligence does the seemingly impossible - 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 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.

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.

Welcome to Ground Control to Major Nerds: The definitive podcast where aerospace engineering meets critical industry analysis. Hosted by industry veterans Srikant Chityala, Ashwini Agrawal, and Parvesh Reddy, we translate the complex systems, regulatory hurdles, and cutting-edge tech (from AI to Human Spaceflight) into sharp, actionable insights. If you need a deep, technical, and candid discussion on the future of aviation safety, space exploration, and engineering careers, you've reached your destination. Connect With The Nerds Subscribe now to join a community that values clarity, technic