Ajay Agrawal

“We are narrow thinkers, we are noisy thinkers, and it is very easy to improve upon us.””

“Having better prediction raises the value of judgment. After all, it doesn’t help to know the likelihood of rain if you don’t know how much you like staying dry or how much you hate carrying an umbrella. Prediction machines don’t provide judgment. Only humans do, because only humans can express the relative rewards from taking different actions. As AI takes over prediction, humans will do less of the combined prediction-judgment routine of decision making and focus more on the judgment role alone.””

“when your predictions are accurate enough”