THE WTM PRESS LIBRARY

Power and Prediction

Ajay Agrawal, Joshua Gans and Avi Goldfarb

Cheaper prediction can change an entire decision system, not only one task.

Published · publisher purchase options

Pragmatic review

The authors examine how AI’s prediction capabilities interact with judgement, workflow and organisational design. For executives, the useful shift is from buying a tool to mapping the decisions surrounding it. Identify where uncertainty currently forces a workaround, then ask what complementary changes would be necessary if prediction improved.

WTM Signal Review

WTM’s judgement: a strong economic design lens, provided prediction quality is tested in the actual setting. Reorganisation has costs, data can drift and accountability cannot be delegated to a model. Forecasting an input and deciding what should happen remain different responsibilities.

One practical next step

Map one prediction, the judgement it informs and the three process changes needed to use it responsibly.

Research-based reading note: Harvard Business Review Press description; no claim of a full-text review.

External title. No affiliate tracking added to the purchase link.

Publisher / availability ↗Save to my desk ↗

Sources and editions

Edition

Linked Harvard Business Review Press edition; verify format at checkout.

Author and contributor records

Book sources

Launch research: 9 October 2026. Preview entries link to WTM availability information, not a checkout.