it’s exactly because incumbents are so proficient, knowledgeable, and caught up in the status quo that they are unable to see what’s coming, and the unrealized potential and likely evolution of the new technology.
“The platform can also use the extensive tool kit of revenue management techniques to shape which suppliers each buyer sees, and how prominently. It’s not too cynical to expect that a platform might use this power to feature lesser-known suppliers over more famous ones, all else being equal.”
― Machine, Platform, Crowd: Harnessing Our Digital Future
― Machine, Platform, Crowd: Harnessing Our Digital Future
“You need to be so careful when there is one simple diagnosis that instantly pops into your mind that beautifully explains everything all at once. That's when you need to stop and check your thinking...Beware of the delirious guy in the emergency unit with the long history of alcoholism, because you will say, 'He's just drunk,' and you'll miss the subdural hematoma.”
― The Undoing Project: A Friendship That Changed Our Minds
― The Undoing Project: A Friendship That Changed Our Minds
“Getting rid of human judgments altogether—even those from highly experienced and credentialed people—and relying solely on numbers plugged into formulas, often yields better results.”
― Machine, Platform, Crowd: Harnessing Our Digital Future
― Machine, Platform, Crowd: Harnessing Our Digital Future
“Our world is increasingly complex, often chaotic, and always fast-flowing. This makes forecasting something between tremendously difficult and actually impossible, with a strong shift toward the latter as timescales get longer.”
― Machine, Platform, Crowd: Harnessing Our Digital Future
― Machine, Platform, Crowd: Harnessing Our Digital Future
“Crucial decisions are made, today as thousands of years ago, in terms of the intuitive guesses and preferences of a few men in positions of authority...[it is] quite likely that the fate of entire societies may be sealed by a series of avoidable mistakes committed by their leaders.”
― The Undoing Project: A Friendship That Changed Our Minds
― The Undoing Project: A Friendship That Changed Our Minds
Robby’s 2025 Year in Books
Take a look at Robby’s Year in Books, including some fun facts about their reading.
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