Problems are often so complex and so integrated across the globe that no single person can accumulate in a lifetime the experience needed to manage effectively. Actions without wisdom have unintended consequences for yet unknown victims.
Posts Tagged ‘perfect information’
Putting the System Back into Social
Social Media is a demanding master with the uncanny ability to determine the absence or presence of checks and balances. As a self correcting market, what you do not say can have a greater impact than what you do say.
Of Profit and Peril:
There are great perils in getting social media wrong and great profit [...]
If It Ain’t Broker, Don’t Fix It.
The knowledge market is the mother of all imperfect information markets. Social media is a single iteration away from greatly improving information in all knowledge markets.
Economics of Innovation
Every time humans invent better ways of doing things, the economy gets a little bigger. This is a simple idea. The cave dwellers discovered that they did not have to travel as much hunting and gathering if they could sharpen a rock enough to chop a tree down for firewood or for spearing animals. That [...]