Entries tagged with “economics” from O'Reilly Radar
Four short links: 12 November 2009
CRM on Rails, Data Mining on Hadoop, Disappointing Keynotes, The Teapot Effect
by Nat Torkington | @gnat | comments: 1
- Fat Free CRM -- open source (Affero GPL) Ruby on Rails CRM system.
- Bixo -- open source data mining toolkit that runs as a series of pipes on top of Hadoop. Built on Cascading workflow system for Hadoop that hides MapReduce. (via kdnuggets)
- Andy Kessler's Keynote at Defrag Stank (Pete Warden) -- I'm sorry to hear it, because I loved Andy's book How We Got Here about the intersecting histories of economics, finance, and technology. Read the book instead of reading about the disappointing keynote.
- The Teapot Effect -- the thing I love about geeks is how their passion causes them to explore, ruthlessly and quantitatively, the everyday phenomena that the rest of us take for granted. Such as dribbling teapots: “Previous studies have shown that dribbling is the result of flow separation where the layer of fluid closest to the boundary becomes detached from it. When that happens, the fluid flows smoothly over the lip. But as the flow rate decreases, the boundary layer re-attaches to the surface causing dribbling.” Read the post and the research it talks about to learn how to prevent Dribbling Teapot Syndrome ....
tags: CRM, data mining, economics, finance, hadoop, history, open source, rails, research, science
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Vendor Relationship Management workshop
by Andy Oram | @praxagora | comments: 4Nobody knows you as well as you do. Or do they? Let's run a test. Do you know what percentage of your food bill went to processed products? Or what type of coupons (store coupons, newspaper coupons, etc.) is most likely to get you to switch brands? I bet someone out there knows.
This kind of data mining is the modern companion to Customer Relations Management, which is the science of understanding customers and trying to get repeat business. CRM can offer many valuable benefits, but ultimately the control lies with the vendor, not the customer.
This bothers long-time marketing maverick and Cluetrain Manifesto coauthor Doc Searls. Several years ago he thought up an alternative that would put the data and the control back in the hands of customers, and called it Vendor Relationship Management. He's been pursuing that dream for two years as a Berkman Center fellow at Harvard, and this week he ran the second workshop hosted by Harvard on the topic.
I dropped in and out for a few hours and picked up some ideas, annotating them (as always) with ideas of my own.
tags: Berkman Center, commerce, CRM, customers, Doc Searls, economics, identity, P2P, peer-to-peer, privacy, reputation, trust, Vendor Relationship Management, VRM
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Four short links: 2 June 2009
Fonts, Medicine, Healthcare, Project Natal
by Nat Torkington | @gnat | comments: 2
- TypeKit -- Jeff Veen's new startup, making typography on the web fail to suck. Every major browser is about to support the ability to link to a font. That means you can write a bit of CSS, include a URL to a font file, and have your page display with the typography you expect. While it’s technically quite easy to link to fonts, it’s legally more nuanced. We’ve been working with foundries to develop a consistent web-only font linking license. We’ve built a technology platform that lets us to host both free and commercial fonts in a way that is incredibly fast, smoothes out differences in how browsers handle type, and offers the level of protection that type designers need without resorting to annoying and ineffective DRM.
- Talking With Jamie Heywood About PatientsLikeMe (Jon Udell) -- the creator of patientslikeme, a site that provides people with serious conditions a chance to report on the efficacy of their treatment, their unique symptoms, and (if they wish) to connect with the researchers in the drug companies who made the treatments. It's a new closure for the feedback loop of medical research.
- The Cost Conundrum: What a Texas town can teach us about health care. (New Yorker) -- the lesson is that you tolerate bad ethics, bad business, bad behaviour at your own risk because the rogue you tolerate may become the anchor tenant for a mall of villainy you'll find very hard to dismiss.
- Microsoft Announces Project Natal -- full-body motion capture for XBox 360, as game controller. I'm keen to see whether having nothing in your hand is as satisfying as having something to hold. Kudos to MSFT for bringing research to market as mainstream entertainment.
tags: crowdsourcing, design, economics, gaming, healthcare, medicine, psychology, startups, ui
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Four short links: 25 May 2009
by Nat Torkington | @gnat | comments: 6
- China is Logging On -- blogging 5x more popular in China than in USA, email 1/3 again as popular in USA as China. These figures are per-capita of Internet users, and make eye-opening reading. (via Glyn Moody)
- The Economics of Google (Wired) -- the money graf is Google even uses auctions for internal operations, like allocating servers among its various business units. Since moving a product's storage and computation to a new data center is disruptive, engineers often put it off. "I suggested we run an auction similar to what the airlines do when they oversell a flight. They keep offering bigger vouchers until enough customers give up their seats," Varian says. "In our case, we offer more machines in exchange for moving to new servers. One group might do it for 50 new ones, another for 100, and another won't move unless we give them 300. So we give them to the lowest bidder—they get their extra capacity, and we get computation shifted to the new data center."
- Why Washington Doesn't Get New Media -- Things eventually improved, but despite the stunning advances in communications technology, most of federal Washington has still failed to grasp the meaning of Government 2.0. Indeed, much is mired in Government 1.5. Government 1.5? That’s a term of art for the vast virtual ecosystem taking root in Washington that has set up the trappings of 2.0 — the blogs, the Facebook pages, the Twitter accounts — but lacks any intellectual heartbeat. Too many aides in official Washington are setting up blogs and social media pages because they understand that is what they are supposed to do. All the while, many are sweating the possibility that they might actually have to say something substantive or engage the public directly. It is the nature of midlevel know-nothings to grinfuck any idea that would force them to substantially change their behaviour. We incentivize this when we talk about "you must have a blog" (ok, I'll get comms to write it), or "put up a wiki for this" (ok, but there'll be no moderation so it'll be ignorable chaos). Describe the behaviour you want and not a tool that might produce it. (via timoreilly on Twitter)
- On the Information Armageddon (Mind Hacks) -- Vaughn points out that the much-linked-to New York Magazine article on attention is a crock. I didn't like it because it was wordy and self-indulgent, Vaughn because it didn't actually cite any studies other than one which was described incorrectly. History has taught us that we worry about widespread new technology and this is usually expressed in society in terms of its negative impact on our minds and social relationships. If you're really concerned about cognitive abilities, look after your cardiovascular health (eat well and exercise), cherish your relationships, stay mentally active and experience diverse and interesting things. All of which have been shown to maintain mental function, especially as we age.
tags: attention, brain, china, democracy, economics, google, government, internet, web
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Four short links: 8 Apr 2009
by Nat Torkington | @gnat | comments: 2
Bias, RFCs, virus batteries, and a glimpse at life beyond record labels (the last item features profanity, beware):
- Bias We Can Believe In (Mind Hacks) -- Vaughn asks the tricky question about the current enthusiasm for Behavioural Economics in government: where are the sceptical voices? As he points out, It's perhaps no accident that almost all the articles cite a 2001 study that found that simply making the US's 401(k) retirement savings scheme opt-out instead of opt-in vastly increased participation simply because it's a hassle to change and employees perceive the 'default' as investment advice. But it's probably true to say that this example has been so widely repeated but it's one of the minority of behavioural economics studies that have looked at the relation between the existence of a cognitive bias and real-world economic data from the population. And it's notable that behavioural economists who specialise in making this link, a field they call behavioural macroeconomics, seem absent from the Obama inner circle.
- How The Internet Got Its Rules (NYTimes) -- about the first RFCs, which became IETF. The early R.F.C.’s ranged from grand visions to mundane details, although the latter quickly became the most common. Less important than the content of those first documents was that they were available free of charge and anyone could write one. Instead of authority-based decision-making, we relied on a process we called “rough consensus and running code.” Everyone was welcome to propose ideas, and if enough people liked it and used it, the design became a standard. (via Glynn Moody)
- Viruses Could Power Devices (Science News) -- Ions and electrons can move through smaller particles more quickly. But fabricating nano-sized particles of iron phosphate is a difficult and expensive process, the researchers say. So Belcher’s team let the virus do the work. By manipulating a gene of the M13 virus to make the viruses coat themselves in iron phosphate, the researchers created very small iron phosphate particles. (via BoingBoing)
- Amanda Palmer's Label-Dropping Game -- interesting email from Amanda Palmer to her fans about trying to get dropped from her label. i had to EXPLAIN to the so-called "head of digital media" of roadrunner australia WHAT TWITTER WAS. and his brush-off that "it hasn’t caught on here yet" was ABSURD because the next day i twittered that i was doing an impromptu gathering in a public park and 12 hours later, 150 underage fans - who couldn’t attend the show - showed up to get their records signed. no manager knew! i didn’t even warn or tell her! no agents! no security! no venue! we were in a fucking public park! life is becoming awesome. and then the times they are a-changing fucking dramatically, when pong-twittering with trent reznor means way more to your fan-base/business than whether or not the record is in fucking stores (and in my case, it ain’t in fucking stores).
The desktop 3D printer
by Mike Loukides | @mikeloukides | comments: 10Yesterday, Andrew Sheppard pointed me at a desktop 3D printer for under $5000. That brought back some memories...
In the early 80s, I worked for Imagen, the company that made the first laser printer that sold for under $20,000, the first laser printer that sold for under $10,000, and the first laser printer that sold for under $7,000. We didn't make the first laser printer that sold for under $5,000. That was Apple's first LaserWriter, and although the company survived for a few years more, it's really what did us in.
tags: 3d, desktop, desktop factory, economics, printer
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Yochai Benkler, others at Harvard map current and future Internet
by Andy Oram | @praxagora | comments: 0
Harvard's world-renowned Berkman Center for Internet & Society is celebrating its tenth anniversary with a conference called Berkman@10. I'll report here on today's sessions, which were organized as a fairly conventional symposium (although as loosely as one could run it with 450 attendees). Tomorrow will be set up as an unconference, where the audience defines most of the topics and self-organizes into small-group discussions.
tags: economics, free software, internet policy, law, open source, wikipedia
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Fermi's Paradox and the End of Cheap Oil
by Tim O'Reilly | @timoreilly | comments: 63
I've been thinking of Fermi's Paradox since I saw the documentary film A Crude Awakening: The Oil Crash, with its dire predictions of the wars and disruptions that could occur on the downward slope of the Hubbert curve. While I remain an optimist about the power of human ingenuity to surmount enormous challenges, I have enough sense of history to know that catastrophes do happen, that societies fail to make the right choices, and that civilizations fail.
What if the answer to Fermi's paradox is not the absence of intelligent life elsewhere in the universe, but merely the absence of high technology? The movie makes the case that the extraordinary flowering of our society has been driven by our profligate use of oil as an incredibly cheap energy resource -- and one that won't last. With haunting images of once vibrant oil fields that are now ghost towns, the movie is a thought-provoking counterpoint to An Inconvenient Truth. If the movie's contentions are correct, we're truly caught between Scylla and Charybdis. Either global warming or peak oil will lead to an urgent transformation of civilization as we know it, or our failure to transform quickly enough might well lead to the end of civilization as we know it. And if indeed cheap oil is a prerequisite to the first flowering of technological civilization, might a Roman-Empire-style collapse due to some future disaster make it difficult to rebuild to spaceflight-capable levels due to lack of said resource the next time around? Many of the large scale energy technologies that we imagine replacing oil are energy intensive to build. They are, in a sense, themselves dependent on oil.
The idea that peak oil is far from a fringe idea was brought home by a recent NY Times story, For Exxon Mobil, $10.9 Billion Profit Disappoints:
...even as it posted the second-most profitable quarter in its history, Exxon’s earnings managed to disappoint investors because of a drop in oil production. Shares closed down $3.37, to $89.70, on a day the Dow industrial average rose 189.87 points.... Record oil prices have lifted corporate profits to new heights throughout the industry but they are also masking an increasingly tough business environment for international oil companies, marked chiefly by rising development costs and stagnating hydrocarbon production.
The connection between the idea of Peak Oil and Fermi's paradox came back to mind after I read Nick Bostrom's piece in Technology Review, Why I hope the search for extraterrestrial life finds nothing.
...the evolutionary path to life-forms capable of space colonization leads through a "Great Filter," which can be thought of as a probability barrier. (I borrow this term from Robin Hanson, an economist at George Mason University.) The filter consists of one or more evolutionary transitions or steps that must be traversed at great odds in order for an Earth-like planet to produce a civilization capable of exploring distant solar systems. You start with billions and billions of potential germination points for life, and you end up with a sum total of zero extraterrestrial civilizations that we can observe. The Great Filter must therefore be sufficiently powerful--which is to say, passing the critical points must be sufficiently improbable--that even with many billions of rolls of the dice, one ends up with nothing: no aliens, no spacecraft, no signals. At least, none that we can detect in our neck of the woods.
Now, just where might this Great Filter be located? There are two possibilities: It might be behind us, somewhere in our distant past. Or it might be ahead of us, somewhere in the decades, centuries, or millennia to come.
Bostrom's provocative thesis is this: once we find evidence of primitive life elsewhere, we've narrowed the likelihood that the Great Filter is behind us, and increased the likelihood that it is still ahead of us, in some unknown disaster to come:
The other possibility is that the Great Filter is still ahead of us. This would mean that some great improbability prevents almost all civilizations at our current stage of technological development from progressing to the point where they engage in large-scale space colonization. For example, it might be that any sufficiently advanced civilization discovers some technology--perhaps some very powerful weapons tech nology--that causes its extinction.
Bostrom speculates about everything from nuclear war to gray goo to germ warfare to asteroid strikes as the locus of possible Great Filters. While diminished access to readily available natural resources after a crash of civilization is, like all of these other scenarios, merely food for thought, it seems to be a thought worth sharing. In any event, I recommend the movie.
tags: economics, energy, environment, fermi, hubbert, peak oil
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