Is your data really oil?
[with Ajay Agrawal and Avi Goldfarb, originally published in HBR Online under the title “Is your company’s data actually valuable in the AI era?” , 17 Jan 2018. Their book, Prediction Machines, is coming out in April 2018].
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Is your data really oil?
[with Ajay Agrawal and Avi Goldfarb, originally published in HBR Online under the title “Is your company’s data actually valuable in the AI era?” , 17 Jan 2018. Their book, Prediction Machines, is coming out in April 2018].
2017 Digital Year in Review
It is time for the annual review of the past year in digital economics. As in prior years, this review will resemble an awards ceremony. And there are so many events deserving of recognition — hackers at Equifax, Russian ads at Facebook, #metoo on Twitter, an implosion at Uber, and a bubble at Bitcoin, to name just a few notable events. This post will reward these events, and more!
2017 Digital Year in Review
It is time for the annual review of the past year in digital economics. As in prior years, this review will resemble an awards ceremony. And there are so many events deserving of recognition — hackers at Equifax, Russian ads at Facebook, #metoo on Twitter, an implosion at Uber, and a bubble at Bitcoin, to name just a few notable events. This post will reward these events, and more!
What’s a Bitcoin worth?
Many people say nothing but that is the same of all money like assets to some degree. Bob Shiller says we can’t actually tell as it is worth what people think it is worth and that could be anything. I wonder if we can do better. To be sure, “better” is not great.
What’s a Bitcoin worth?
Many people say nothing but that is the same of all money like assets to some degree. Bob Shiller says we can’t actually tell as it is worth what people think it is worth and that could be anything. I wonder if we can do better. To be sure, “better” is not great.
Ted Chiang gets a ton of economics wrong
Amongst economists I know (myself included), Ted Chiang is universally beloved as a science fiction writer. So it was with great excitement that I saw yesterday he had written a Buzzfeed piece on artificial intelligence and the power of corporations. Alas, it turned out to be an incoherent mess that went nowhere.
Ted Chiang gets a ton of economics wrong
Amongst economists I know (myself included), Ted Chiang is universally beloved as a science fiction writer. So it was with great excitement that I saw yesterday he had written a Buzzfeed piece on artificial intelligence and the power of corporations. Alas, it turned out to be an incoherent mess that went nowhere.
Ending the Bitcoin energy drain
Bitcoin uses energy. Lots of energy. It does this because as an incentive to ‘run the network,’ the Bitcoin protocol sets up a proof of work mechanism whereby to certify a block on the blockchain you need to win a computational contest. The great news is that this is a contest that everyone can have a chance of winning.
Ending the Bitcoin energy drain
Bitcoin uses energy. Lots of energy. It does this because as an incentive to ‘run the network,’ the Bitcoin protocol sets up a proof of work mechanism whereby to certify a block on the blockchain you need to win a computational contest. The great news is that this is a contest that everyone can have a chance of winning.