
Machine, Platform, Crowd: Harnessing Our Digital Future

And large collections of knowledge are valuable because people can consult them easily, and so become smarter.
Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
One promising approach here is to allow people to flag fake or offensive content while training machine learning systems to spot it automatically.
Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
inherently and deliberately decentralized and uncontrolled. This structure enables freedom of expression and innovation, which are great. Except when
Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
Shutting out potentially useful input from unlikely-seeming sources is a shame, because very often it’s knowledge and expertise from an apparently faraway discipline that’s needed.
Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
transaction cost economics; there’s too much rich and excellent work. Instead,
Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
using technology to complement human labor is Iora Health, which (as we discussed in Chapter 5) employs health coaches.
Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
Incomplete contracting and residual rights of control will probably always necessitate the existence of companies.
Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
combination of smart, well trained, experienced, tenacious and motivated, and quite far away#—geographically, intellectually, and/or socially—from any organization’s
Andrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
network effects (the more good investment algorithms it holds, the more capital it will attract; the more capital it holds, the more algo traders it will attract),