TAG: economics
I Like to Answer Questions Well
"In an earlier video, Levitt talked about how hard it is for economists to make good predictions about the macroeconomy. He continues that theme in this new piece, explaining why he’d rather tackle a much smaller question and try to answer it well."
"Paying People to Lose Weight Helps Drop Pounds and Health-Care Costs"
Tags: economics behavioraleconomics gametheory health
Trent Reznor and Saul Williams Discuss Their New Collaboration, Mourn OiNK
"But those days are gone. Because, mainly, that infrastructure is broken at the moment. How long before [record companies] are irrelevant? Who knows? They seem to be doing everything they can to make sure that happens as quickly as possible."
Tags: music business economics free
Free is more complicated than you think
"Give speeches, customizing my analysis and research for specific companies and industries. The free book is simply marketing for that, which can be more lucrative than book royalties."
Tags: books economics free service marketing
"Can a fringe branch of mathematics forecast the future? A special adviser to the CIA, Fortune 500 companies, and the U.S. Department of Defense certainly thinks so."
Tags: gametheory bestarticlesof2007 innovation mathematics politics predictions economics
"That economic model is not quite over - there is clearly still money to be made selling CDs - but it is on its way out and from a strategic point of view bands choosing to go down that road close the door on a much larger, longer-term opportunity. "
Tags: music business economics
"We are supposed to be uplifted by these stories but they depress me. If it takes a hero to save an inner city school then there is no hope. Heroes are not replicable."
Tags: education teaching economics learning
"If you have pre-ordered or intend to order the download version of Radiohead's new album In Rainbows and are curious to know what price others chose, take part in the survey."
Craigslist Meets WallStreet...Classic
An economic look at marrying rich.
Tags: economics funny craigslist gender money
Armchair Economists, Please Stay Home
"What, pray tell, are the "real products" that will support those industries? Very few bands can make a living off of touring and T-shirts. Oh, that's it, advertising. I bet Arrington listens to a lot of commercial radio..."
Tags: economics music business
Freeing the Dark Data of Failed Scientific Experiments
"So what happens to all the research that doesn't yield a dramatic outcome  or, worse, the opposite of what researchers had hoped? It ends up stuffed in some lab drawer."
Tags: data science research culture economics
Radiohead's new album: pay what you want
"There’s no doubt that thousands of people will hand over the price of a Sherbet Dip for the download. Presumably though, Radiohead’s argument runs that those people would have obtained the album through file sharing websites."
Tags: music economics business insight
Online Video Is Not Broadcast TV
"There are several good ways for advertisers to use online video that yield respectable ROAS and ROI. But, there is absolutely nothing about the financial reality of broadcast television that translates to online video."
Tags: video advertising economics media2.0
Online advertisers may gain from downturn
"The focus will be on advertising that can be measured for effectiveness, and online will gain share relative to television, newspapers or radio."
Tags: advertising internet economics trend
Unintended consequences of the smoking ban
"So it turns out that banning smoking in pubs has not so much encouraged smokers to quit but instead provided them with a decisive competitive reproductive advantage if they keep puffing away."
Tags: economics cigarettes culture law london
"True value creation happens when everyone who has an economic interest in media is made better off. Value is not created when when value is simply transferred from readers/consumers to shareholders - as has happened here."
Tags: economics media newspapers journalism
Martin Nowak - In Games, an Insight Into the Rules of Evolution
"Martin Nowak’s projects may seem randomly scattered across the sciences but they share an underlying theme: cooperation."
Tags: evolution emergence games science economics nytimes
Economists mine the online auction site to find out why shoppers act irrationally.
Tags: economics ebay gambling psychology
"Faced with shrinking profits, record labels are touting a new approach"
Tags: music business economics copyright marketing
"It's a brilliant strategy. And it should be a very, very familiar one - it's exactly what Apple's done to the music industry."
Tags: apple economics iphone strategy
The value of virtual ghettos and virtual suburbs, part #2
"Everyone wants to sell things to the rich kids, sure. But to get the rich kids to care, they've got to sell them to the cool kids first."
Tags: culture economics influence marketing facebook myspace socialnetworking
Gladwell: "Why problems like homelessness may be easier to solve than to manage."
Tags: culture economics politics statistics
"It struck me that this control very much reminded me of another company: Wal-Mart. Here's a summary of the critical points that define the similarities between the two"
Tags: google walmart advertising business economics
Moscow's suburb for billionaires
"Most people in Britain are now familiar with the scruffy, boyish and invariably unshaven features of Roman Abramovich, owner of Chelsea football club, and Russia's most famous billionaire."
Tags: russia business economics politics money
A study proves that the bigger his mansion, the worse the CEO
Tags: business realestate economics research
You make profits for nine days a year
"Companies on average are only profitable for nine days out of the year. If you take all the profitâ€â€the net incomeâ€â€at the end of the year, and divide it by 365, and take the sales and divide it by 365, that’s all you’ve got, is nine days."
The bizarre economics of the hotel minibar
"Why you should stay at hotels that overcharge for drinks and Wi-Fi access."
Tags: economics travel marketing
"Now that a billion people are online, even sites aimed at a narrow slice of the Web audience can attract huge crowds. Make way for the meganiche!"
Tags: business economics longtail marketing trend
"So how does a creative person increase demand for their work?"
Tags: creativity economics marketing
Out-of-Home Still Out Of Sight, Ad Demand Surges
"Out-of-home remains the second-fastest-growing ad segment behind the Internet."
Tags: advertising economics
"The language of the long tail often takes on the rhetoric of democracy or even revolution, but the fact is that nothing about the influx of user generated content necessarily impacts the inequalities encoded into the power law curve."
Tags: longtail economics internet
"It's a sharecropping system, but the sharecroppers are generally happy because their interest lies in self-expression or socializing, not in making money, and, besides, the economic value of each of their individual contributions is trivial."
Tags: web2.0 longtail economics attention
Craigslist Meets the Capitalists
And confuses them quite a bit by saying they are not all about making money.
Tags: business craigslist economics finance
Attracting Talent in Spikes and Firms
"The winners in the global economy will be the firms that can find ways to break this vicious cycle and harness network effects for talent development both within and across firms."
Tags: business economics management strategy talent
"Nothing sums up my political economic stance better than reducing it to two positions: pro-markets, and anti-profits."
Tags: economics
Riddling left, right and center.
"Yep, it's 'The Share Economy'. Can't really get smart, creative, social , innovative or otherwise without a whole lotta share."
Tags: economics web2.0 media2.0
"Who has it right, and who has it wrong? KEVIN HASSETT on the economics of managing an NFL football team."
Tags: economics sports football behavioraleconomics
two approaches to change management and brand architecture
"The specialty store could go deep. It could cultivate the brand carefully and well. But in a hyperactive marketplace, where consumer taste change often and shifts suddenly, the real challenge is remains current."
Tags: management fashion economics trend marketing
The Value of a New York Dollar
(And why it’s worth only 76.2 cents)
Should the Yankees be Surprised?
"Beane says this because the sample in the playoffs is too small. Just like the Tigers found out in their series with the Royals a week ago, in three games any team can win."
Tags: sports baseball economics nyc
Using incentives to increase hand-washing amongst doctors.
Tags: health research marketing economics
The invisible hand on the keyboard
Why do economists spend valuable time blogging?
Tags: blogs economics education attention
Potential to change the structure of markets
"We invest in IT enabled services that have the potential to change the structure of markets."
Tags: strategy business economics venturecapital
Phsyical Scientists & Gutter Thieves
"Recent studies show that you prefer say 100 units of pain now than say 50 units of pain in some time in the future. The anticipation kills us."
Tags: behavioraleconomics economics culture psychology
"A new theory suggests that creativity comes in two distinct types – quick and dramatic, or careful and quiet."
Tags: creativity economics innovation psychology art science
MySpace to songwriters: sell more shirts
"It's all very much in keeping with the new feudal economics of "Web 2.0": the serfs must be grateful for the hospitality of the proprietor. . . . plenty of people appear to be profiting from digital music - except the people who create it."
Tags: myspace business music media2.0 economics
The era of the blockbuster is so over. The niche is now king, and the entertainment industry – from music to movies to TV – will never be the same.
Tags: longtail media2.0 economics trend business
How Public Prediction Markets Simplify Concepts about Buying and Selling Events and Ideas
Tags: design ia economics gambling markets wisdomofcrowds socialsoftware
"The Cognitive economy revolves around memory, attention, perception, action, problem solving. It will be the businesses, organizations, services and people that build value around those key components that will be sucessful in the long term."
Tags: attention media2.0 economics
Does Baseball Need a Minimum Payroll?
"In essence, the Royals do not appear to be maximizing wins given their constraints, but rather, maximizing profits. Fans of the Royals, though, might not appreciate this objective. "
Tags: baseball sports statistics business economics
Winners take all in rockonomics
As Madonna fans in the UK know to their cost, tickets for rock and pop concerts keep getting more expensive.
Tags: concerts music economics
Some of the many ways Starbucks has changed America.
Tags: starbucks business culture economics
The Marketplace of Perceptions
"Behavioral economics explains why we procrastinate, buy, borrow, and grab chocolate on the spur of the moment."
Tags: behavior finance economics marketing culture psychology
"All week I've been attending a conference about the "Attention Economy," but I am still not entirely sure what that term is supposed to mean."
Web economics 2.0 and paying with data instead of dollars
"People understand that someone has to get paid to develop apps or write articles, and if we can pay with something other than money, that’s great!"
Tags: attention internet economics
Bubble 2.0 Is a Bubble in Media
"There’s a bubble because the tech industry is trying to be the new media industry, and very few people in the tech industry understand what’s really happening to the economics of media."
Tags: attention business media economics
Attention, Media, Value and Economics
"Building on the debate about the "attention economy" initiated by Michael Goldhaber and Rishab Aiyer Ghosh, I introduce the notion of valuing process, i.e. the process by which potential value can be translated in an economy."
Tags: attention economics media
The Attention Economy: The Natural Economy of the Net
Michael Goldhaber's speech about the relationship between the new attention economy and the internet.
Tags: attention economics internet trend
The Right Price for Digital Music
Record companies want to raise prices, is the answer a real-time market where price increasess or decreases based on demand?
Tags: economics itunes music mp3
Scott Rafer: "A Prediction: The second DotCom Bubble will inflate and burst no later than mid-2009."
Tags: economics internet startups posted
"Founded on the premise that the consumer has the right to her data, ROOT Markets is the first financial exchange for consumer leads."
Tags: attention business economics posted
"On the occasion of today's gruesome statistics on the continuing fall of newspapers, here's an updated look at mainstream entertainment and media in decline"
Tags: business statistics research economics longtail media posted
Why Analog Property Rights Are Wrong For a Digital World: DRM vs Plasticity
"Since most DRM is based on the fundamentally flawed notions of analog property rights discussed above, it can (in the long run) never work in a digital world."
Tags: drm copyright economics internet technology posted
Cityofsound on London's private public spaces
Tags: london culture economics city posted
The Five Things I Learned In Business School
A VC: "I learned five things in business school. They are five important things, but there are only five that I can list."
Tags: business economics education lists money posted
New Yorker: "The term “crisis management� may seem like little more than a euphemism for “snow job,� but there is an art to it. Spin alone won’t do the trick."
Tags: business economics management crisis posted
Mass collaboration on the Internet is shaking up business
Tags: business collaboration economics longtail trend wiki posted
As part of an economics experiment they taught monkeys to use money. In time the monkeys learned to steal and even pay for sex.
Tags: freakonomics economics monkeys posted nytimes
Manhattan's Chinatown Pressured to Sell Out
Washington Post: "It's been a battle with gentrification and cheap Chinese textiles -- the factory owners cannot plan even a few months out."
Tags: nyc china posted economics
What the “long tail� means for the economics of e-commerce
Tags: longtail economics internet posted
Marketing Lessons Learned from FREAKONOMICS
Brand Autopsy: Lesson 3: "The abundance and availability of information today makes storytelling more important than ever for marketers. Storytelling, not information, is the new leverage-able asset in business."
Tags: marketing business economics posted books
What do we know about tipping?
10 interesting facts about tipping
Tags: culture economics food lists posted
Microstructure in the Long Tail
The Long Tail: "I've assumed that demand can shift down the tail and quality can rise up it, almost without limit. But there may indeed be a threshold at which this egalitarian mobility no longer works."
Tags: business economics longtail science posted
Why Logic Often Takes A Backseat
The study of neuroeconomics may topple the notion of rational decision-making
Tags: brain economics science posted
Technology increases the ability of people to share, but will they share more than just technology?
Tags: culture economics opensource posted
The cheapness of illicit drugs isn't just a sign of police failure. It is also evidence that the drugs business has got more competitive