G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24626
来源IDWorking Paper 24626
Exploring the Impact of Artificial Intelligence: Prediction versus Judgment
Ajay K. Agrawal; Joshua S. Gans; Avi Goldfarb
发表日期2018-05-21
出版年2018
语种英语
摘要Based on recent developments in the field of artificial intelligence (AI), we examine what type of human labor will be a substitute versus a complement to emerging technologies. We argue that these recent developments reduce the costs of providing a particular set of tasks – prediction tasks. Prediction about uncertain states of the world is an input into decision-making. We show that prediction allows riskier decisions to be taken and this is its impact on observed productivity although it could also increase the variance of outcomes as well. We consider the role of human judgment in decision-making as prediction technology improves. Judgment is exercised when the objective function for a particular set of decisions cannot be described (i.e., coded). However, we demonstrate that better prediction impacts the returns to different types of judgment in opposite ways. Hence, not all human judgment will be a complement to AI. Finally, we show that humans will delegate some decisions to machines even when the decision would be superior with human input.
主题Microeconomics ; Economics of Information ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w24626
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582300
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Ajay K. Agrawal,Joshua S. Gans,Avi Goldfarb. Exploring the Impact of Artificial Intelligence: Prediction versus Judgment. 2018.
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