Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Wednesday, November 10, 2010

Chrome + (Facebook + Twitter) x Steroids = "The Social Web"


I just spent 23 minutes watching the future. Browsers were invented by guys like Marc Andreesson in the early ‘90s to make it easy for people to find websites. It is really the primary piece of software for most of today’s computer usage.

So, why isn’t it innovating? Why doesn’t my primary piece of software learn my habits? Why am I going to the same 8 or 10 websites everyday and looking for updates? Why is customization limited to my iGoogle landing page?

Why am I using archaic feeling things like 3-click or worse, cut-and-paste, RSS feeds? In fact, let’s talk about this… Robert Scoble and Seth Godin both love RSS feeds—the information you want is being served to you as soon as it is available with no need to search! So, why are only 4% of people using this service?

My answer is that it is not intuitive, it’s not simple. We want something that makes sense with how we use it and not worry about how we find it and set it up.

So, I signed up for the Beta version of RockMelt. It is built off of Chrome (my current most-used browser) and, in trying to quickly explain it to a co-worker I dubbed it "Google Chrome on Steroids." But it does some completely distinct things...

I’m not trying to sell RockMelt, so no product review, here, but I am pointing out that smart people are looking at how internet usage and web browsing have changed. And that can only mean good things. Making an experience around how we actually use a technology is the type of advancement that brings on widespread adoption. In Scoble’s interview with the guys at RockMelt they said they’re not worried about monetizing at this phase. Well, that’s because if they get this right, the money will come.

If it is simple and intuitive (Note: Microsoft discussed rebranding RSS to increase it's popularity) and actually helps me to have a better browser experience, I will use this new tool. And I will be back with a product review!

More on RockMelt is available here:

Monday, January 4, 2010

Economic Support for Why You Should Own A Brothel

The full title is very long, but funny in a “pick it up off the shelf and show your friend to get a laugh” marketable way. SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance by Steven Levitt and Stephen Dubner.

SuperFreakonomics

Levitt, the economist and presumably “the source” for the material again pairs up with Dubner, the storyteller, to rekindle the magic they made together four years before with Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. I loved Freakonomics. It was, in so many ways, the right book at the right time. Like lightning striking, many factors came together to create the perfect conditions for a dramatic effect. Freakonomics published on the heels of Gladwell’s counter-intuitive bestseller, Blink, into a general resurgence of interest in pop psychology and pseudo-educational non-fiction.

Levitt and Dubner grabbed some literary headlines with their sensational, statistically-based assertions, including the deliberate counter-argument to Gladwell’s explanation of decreased crime covered in The Tipping Point. They had a lot of fun, fresh and surprising discoveries that were shared in a punchy and “radio-friendly” way that is a tribute to Dubner’s writing ability—he was able to convert Umberto Eco into Dan Brown. The masses could enjoy Freakonomics.

But like the old adage about lightning striking, Superfreakonomics is a miss. UNLESS you are looking for financial data to support your transition from your current career into the thriving industry of High-Paid Escort Service Providers. In which case, the first 55 pages are a “must read.” In these pages, a world-renowned economist will explain to you that prostitution is not about buying sex, but really about limited suppliers seeking to satisfy a decreasing demand for a price inelastic service. It is virtually a cut-and-paste business proposal for you to take your Brothel plan to the investors for your A round.

Another great contribution of the book is the mathematical comparison of the effectiveness of a pimp to that of a real estate agent in marketing the availability of a particular product or service, yielding the equation: Pimpact > Rimpact

Again, if you have the time and interest to learn more about effectively selling yourself on the street at an hourly rate, this book is for you. If this does not currently align with your career goals, borrow it and read chapter 5 about global cooling, as this will be the water-cooler topic sometime in the near future where you can impress your friends.

My rating for the book is 20,000 otherwise stable housewives turned drug addicted prostitutes because of inalterable economic incentives out of a possible 50,000 otherwise stable housewives turned drug addicted prostitutes because of inalterable economic incentives.

And my summary statement is: “Levitt and Dubner’s Superfreakonomics: Rather than a Sequel to the Original and Uncanny Economic Stories We Presented in Freakonomics, We’ve Created a Dry Scientific Journal of What Other Economists are Studying and Passing Off as Pop Psychology. With a Bonus Guide on How to Start Your Own Business as a High Paid Escort Including Suggested Services and Hourly Rates.”

Also, in my extensive research for this blog (i.e.- "reading wikipedia"), I learned they are making a film adaptation of the first book. This will be bad. I look forward to writing another Inexpert Review in the future, apparently sometime around August 2010.

Thursday, October 30, 2008

McMonopoly: "I'm Losin' It"

For those of you without your McCalendars handy, we are in Week 3 of the 2008 McDonald's Monopoly game. (If you don't know what this is about, you can educate yourself on the topic on your own time using the greatest reference known to man, wikipedia.org, then come back here and read the rest.)

For many of us Die-Hard monopoly fans (I use the 1st person plural, here) this is an exciting annual event where a classic American board game involving fake money and dumb luck is paired with the international icon of American sloth and gluttony. And big macs.

The biggest difference in McOpoly this year (that's mine, by the way, I just made it up but I am registering it as soon as I finish typing this) is that you can not only play it with the old-school paper tear-off "game pieces" tabby-things, you can also play online! Well, that and the grand prize is reduced from $5 million to a $1 million annuity paid out over 20 years, which, using the present value of an annuity formula:

PVoa = PMT [(1 - (1 / (1 + i)n)) / i]

We can determine to be, approximately, something much less than $1 million dollars. (Do your own math, I'm busy.)

All that being said, I am on my 24th consecutive day of eating only McDonald's food -but not just any food- you see, they've tied the tear-off paper pieces ONLY to what he wants you to buy, Big Mac, Large Fries, Large Coke, that kind of stuff. "He" being the clown, of course.

At any rate, I did a little searching to see why I haven't won yet, and I learned this bit of interesting knowledge: my odds of winning are actually “approximately 1 in 184,698,474,” To give that any sort of comparison, the oft-quoted odds of getting struck by lightning are 1 in 244,000. So, I am actually 75 and a half times MORE likely to get struck by lightning than to win the million dollar McOpoly® prize.

You see, the little paper bits are rigged. There's nothing random about it. They're all distributed "randomly" except for 1 piece of each set, the most famous being Boardwalk, of which there are 3. In the world. And don't fool yourself by thinking, Well, I can still win the online prize. That's rigged, too!

The same properties you can't win in "Real Life," namely the last property in each set listed alphabetically and Boardwalk, you can't win online. The code you put in on each paper bit to roll the virtual dice determines where you can land. The Clown has successfully taken all of the fun out of the fake money and dumb luck game that so many Americans have cherished.

In summary, with the 2008 McOpoly® Game, the only Real Winners are the people that did not realize the Game was happening, Collected no game pieces, did not pass Go, and did not endure the ultimate price of contest entry- 1 month of eating reheated burgers and greasy fries.
--Shawn Butler

Oh, and the attribution for the awesome McSticker above is that superhero of the blogosphere, Steve Sneeds. The equally awesome McJoker image is from a post on HALOLZ.com.

Wednesday, September 24, 2008

Bernanke Warns of Sinking US Economy

Meanwhile, the world of South American consumer goods is rocking out!



If your day was going at all bad, this will cheer you up.
The song Microdancing by Babasónicos of Argentina.
Happy and Awesome.
The Spanish Lyrics and their Translation (by Shawn)
Si te llevo de favor
If I like you and we go out
me prometes que esta vez
do you promise me that this time
no vas a arruinar la fiesta?
you are not going to ruin the celebration?
Apretados Tightened (or Tense)
Microdancing
No esperes nada de mí
Don't expect anything from me.
No esperes nada de mí
Apretados Microdancing
Si de onda te acompaño
If it happens that I acompany you
a salir esta vez
to go out this time
no me vas a dar vergüenza?
you are not going to make me embarassed?
Haciendo lo que más me gusta.
I'm doing what I like most.