Digitopoly — the Audio Version

A company called curio.io offered to take certain posts on Digitopoly and have a professional narrator read them. I have heard that many people like audio versions of written stuff and so was happy to let them at it. Their first post is below.

A limit to Bitcoin scale?

Eric Budish has a new paper out on "The Economic Limits of the Blockchain." He demonstrates a potentially fundamental contradiction at the heart of 'proof of work' schemes to support cryptocurrencies -- the most famous of which is, of course, Bitcoin. It is an incredibly clear issue so I figured I would recount it here. …

A Simple Tool to Start Making Decisions with the Help of AI

(by Ajay Agrawal, Joshua Gans and Avi Goldfarb); originally published in HBR Online 17 April 2018. There is no shortage of hot takes regarding the significant impact that artificial intelligence (AI) is going to have on business in the near future. Much less has been written about how, exactly, companies should get started with it. In …

Prediction Machines

My book with Ajay Agrawal and Avi Goldfarb is out now. It is called Prediction Machines: The Simple Economics of Artificial Intelligence. We have written some pieces that provide little excursions into the book. "A Simple Tool to Start Making Decisions with AI," HBR Online, 17 April 2018. "Make sure AI is right for your business …

Netflix and Old Style TV

[This article was initially published in HBR Online on 19th October, 2017] Netflix hit the industry with some bombshell moves this month. First, it announced that it plans to spend $8 billion on original content next year (including on 80 new movies). This is far more than any other online player. Obviously, this is great …