Sublime

Hal Varian, by the way, is the person who designed the Google ad auction. And it turned out he was only partially right about “information managers”. We call them influencers. But it was aggregators like Google that did the bulk of the heavy lifting. Computers can scale in ways that people can’t.

“activity trap”:

Schmidt and Lipson published a paper describing their algorithm, they were deluged with requests for access to the software from other scientists, and they decided to make Eureqa available over the Internet in late 2009. The program has since produced a number of useful results in a range of scientific fields, including a simplified equation descri

Run A Factor Analysis. For me, this is fun! I analyze the weighted percentage variables (channels, categories, months, price points, new buyers, loyal buyers, promotions). I only extract two factors, using varimax rotation. I save each of the two calculated factors as new variables.

Three start-up firms that support this type of analysis are Quid, based in San Francisco; Recorded Future, based in Boston; and Signals Intelligence Group, based in Israel.

Scientific models that seek to predict the consequences of human actions with some reasonable accuracy—such as game theoretical models of economic behavior—for the most part ignore human individuality in favor of aggregated outcomes.

your personal style has a shape, in the most mathematical of terms.

If, as in a social network, we knew with whom we were dealing in economic exchange, we could perhaps base this communication in the simpler medium of trust than in money. But since we mostly do not, the specific social scalability conferred by money allows for what Szabo calls “trust minimization,” or, “reducing the vulnerability of participants to