Emergent Futures Tumblelog

This is the Tumblelog of Paul Higgins and Sandy Teagle - Futurists from Melbourne and Brisbane in Australia. Go to Emergent Futures to see more or follow on Twitter at FuturistPaul . If you right click on the pictures, titles or links in these posts you will be able to go to the original story on the web. If you click on comments for each post you can either read what others have said or add your own comment via Disqus. If you click on the date of a post it will take you to a single post view where you can copy the web link if you want to send it to someone else. If you click on the tags it will take you to other stories from Emergent Futures with the same tag.

Uber And Friends: Old Math Of The New Economy

Paul Higgins: Interesting Analysis:

"the most important shared trait is that they exploit what economists call the web’s externalities, also called Metcalfe’s Law, which link the returns and utility of a service to its number of users.

The more people use Windows for example, the more software is developed for it, which will lead to even more people using it.

Google constantly improves its search algorithms to locate information every time it is used by millions of viewers, which attracts more users who are all “working” to improve Google’s worth (latest figure, $375 billion).

The problem is that Metcalfe’s Law often leads to de facto monopolies……”






Full Story: WorldCrunch

Posted at 6:17pm.

Uber And Friends: Old Math Of The New Economy

Paul Higgins: Interesting Analysis:
"the most important shared trait is that they exploit what economists call the web’s externalities, also called Metcalfe’s Law, which link the returns and utility of a service to its number of users.
The more people use Windows for example, the more software is developed for it, which will lead to even more people using it.
Google constantly improves its search algorithms to locate information every time it is used by millions of viewers, which attracts more users who are all “working” to improve Google’s worth (latest figure, $375 billion).
The problem is that Metcalfe’s Law often leads to de facto monopolies……”

Full Story: WorldCrunch
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Notes: