“Pricing strategies for two-sided networks can be aggressive and seemingly nonsensical if you don’t understand their peculiar economics. In particular, changes in… — Andrew McAfee Copy Share Image
“Our world is increasingly complex, often chaotic, and always fast-flowing. This makes forecasting something between tremendously difficult and actually impossible, with a strong shift… — Andrew McAfee Copy Share Image
“Getting rid of human judgments altogether—even those from highly experienced and credentialed people—and relying solely on numbers plugged into formulas, often yields better results.” — Andrew McAfee Copy Share Image
“Because we humans are so fond of our judgment, and so overconfident in it, many of us, if not most, will be too quick… — Andrew McAfee Copy Share Image
The changes are coming so quickly it's been difficult for workers to retrain themselves and for entrepreneurs to figure out where the next opportunities… — Andrew McAfee Copy Share Image
“Algorithms are simplifications; they can't and don't take everything into account (like a billionaire uncle who has included the applicant in his will and… — Andrew McAfee Copy Share Image
Just in the past couple years, we've seen digital tools display skills and abilities that ... eat deeply into what we human beings do… — Andrew McAfee Copy Share Image
“Owners of premium brands can charge more for their offerings, but the owners of two-sided networks want to pay to sellers as little as… — Andrew McAfee Copy Share Image
“Electrification was one of the most disruptive technologies ever; in the first decades of the twentieth century, it caused something close to a mass… — Andrew McAfee Copy Share Image
“The platform can also use the extensive tool kit of revenue management techniques to shape which suppliers each buyer sees, and how prominently. It’s… — Andrew McAfee Copy Share Image
