Joshua Gans on Prediction Machines

Episode link:

Youtube link:

Why did I do this episode? I first heard about the book from this review by Robin Hanson (podcast guest!) where the authors frame the rise in AI as a drop in the price of prediction. Forecasting is a very important idea to me so I checked it out!

What did I learn? The concept of AI and intelligence generally as a prediction machine is a pretty interesting and useful one.

What was my favorite part? We had a conversation about how useful academic economics and economists are in private companies. A lot of the big tech companies employ economists and one could argue that most cryptocurrency is, in a social sense, an innovation in behavioral economics!

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