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.
“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
“Because we humans are so fond of our judgment, and so overconfident in it, many of us, if not most, will be too quick to override the computers, even when their answer is better.”
― Machine, Platform, Crowd: Harnessing Our Digital Future
― Machine, Platform, Crowd: Harnessing Our Digital Future
“Pricing strategies for two-sided networks can be aggressive and seemingly nonsensical if you don’t understand their peculiar economics. In particular, changes in the quantity demanded on one side of the network can affect demand on the other side of the network...Lowering the price on one side of the network increases demand on both sides of the network, creating an extra benefit for each price cut.”
― Machine, Platform, Crowd: Harnessing Our Digital Future
― Machine, Platform, Crowd: Harnessing Our Digital Future
“They would learn to evaluate a decision not by its outcomes--whether it turned out to be right or wrong--but by the process that led to it. The job of the decision maker wasn't to be right but to figure out the odds in any decision and play them well.”
― The Undoing Project: A Friendship That Changed Our Minds
― The Undoing Project: A Friendship That Changed Our Minds
“The secret to doing good research is always to be a little underemployed. You waste years by not being able to waste hours”
― 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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