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Record W4283708994 · doi:10.3386/w30177

Prediction Machines, Insurance, and Protection: An Alternative Perspective on AI's Role in Production

2022· report· en· W4283708994 on OpenAlexaff
Ajay K. Agrawal, Joshua S. Gans, Avi Goldfarb

Bibliographic record

VenueNational Bureau of Economic Research · 2022
Typereport
Languageen
FieldSocial Sciences
TopicEthics and Social Impacts of AI
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsPerspective (graphical)Production (economics)Actuarial scienceBusinessRisk analysis (engineering)Computer scienceEconomicsArtificial intelligenceMicroeconomics

Abstract

fetched live from OpenAlex

Recent advances in AI represent improvements in prediction.We examine how decision-making and risk management strategies change when prediction improves.The adoption of AI may cause substitution away from risk management activities used when rules are applied (rules require always taking the same action), instead allowing for decision-making (choosing actions based on the predicted state).We provide a formal model evaluating the impact of AI and how risk management, stakes, and inter-related tasks affect AI adoption.The broad conclusion is that AI adoption can be stymied by existing processes designed to address uncertainty.In particular, many processes are designed to enable coordinated decision-making among different actors in an organization.AI can make coordination even more challenging.However, when the cost of changing such processes falls, then the returns from AI adoption increase.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.004
metaresearch head score (Gemma)0.007
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Other · Consensus signal: none
Teacher disagreement score0.008
Threshold uncertainty score0.033

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0040.007
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0020.002
Science and technology studies0.0020.011
Scholarly communication0.0060.011
Open science0.0020.002
Research integrity0.0040.004
Insufficient payload (model declined to judge)0.0080.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.373
GPT teacher head0.561
Teacher spread0.187 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations4
Published2022
Admission routes1
Has abstractyes

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