Here again, Eghbal provides a framework that transcends the open-source context that inspired it. In a digital economy, goods are either excludable or not (meaning paywall-able, essentially), and rivalrous or not (meaning infinitely copyable at zero marginal cost or not). The resulting 2 × 2 matrix describes just about every way to make a buck... See more
After seven experiments with hundreds of children, we had some of the clearest findings I’ve ever seen: Praising children’s intelligence harms their motivation and it harms their performance. How can that be? Don’t children love to be praised? Yes, children love praise. And they especially love to be praised for their intelligence and talent. It... See more
A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it.
Another example is the Zora Finder’s Fee, which incentivizes participants to provide a key resource—distribution. This fee is paid to anyone who finds the winning bidder or eventual buyer of an NFT. Finders expand the utility of Zora, and they do not have a monopoly on the NFT markets being displayed, a finder only captures the value they’re... See more
A charismatic brand includes a dedication to aesthetics. Why? Because it’s the language of feeling, and in a society that’s information-rich and time-poor, people value feeling more than information.