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Memes in the Watson category “/finance”

1–20 of 166

Polonius' Advice to Laertes

Give every man thy ear, but few thy voice; Take each man's censure, but reserve thy judgment. Costly thy habit as thy purse can buy, But not express'd in fancy; rich, not gaudy; For the apparel oft proclaims the man, And they in France of the best rank and station Are of a most select and generous chief in that…

Nobody Knows How the Whole Thing Works

A few years ago, I attended a national conference on technological literacy… One of the main speakers, a sociologist, presented data he had gathered in the form of responses to a questionnaire. After a detailed statistical analysis, he had concluded that we are a nation of technological illiterates. As an example, he…

PDR - Personal Data Record

One probable near-term outcome of AI and a through-line in all three of the scenarios is the emergence of what I’ll call a “personal data record,” or PDR. This is a single unifying ledger that includes all of the data we create as a result of our digital usage (think internet and mobile phones), but it would also…

Corporations Controlling Culture

Corporate interests, alongside changes in media distribution, are eroding the public’s ability to construct and access its own cultural record. As more digital content is being provided to individuals, libraries, and archives solely through streaming and temporary licensing deals, rather than through permanent…

Quantifying the Rate of Change

We live in an era that involves an extraordinary amount of change. To see this, consider the rate of global economic growth, which in recent decades averaged around 3 percent per year.51 This is historically unprecedented. For the first 290,000 years of humanity’s existence, global growth was close to 0 percent per…

The AI Business Model is Wrong

AI decision support is potentially valuable to practitioners. Accountants might value an AI tool’s ability to draft a tax return. Radiologists might value the AI’s guess about whether an X-ray suggests a cancerous mass. But with AIs’ tendency to “hallucinate” and confabulate, there’s an increasing…

What Tech Bubbles Leave Behind

Tech bubbles come in two varieties: The ones that leave something behind, and the ones that leave nothing behind. Sometimes, it can be hard to guess what kind of bubble you’re living through until it pops and you find out the hard way. When the dotcom bubble burst, it left a lot behind. Walking through San…

The Right to "Want What We Want to Want"

In a post about ad blockers on the University of Oxford’s “Practical Ethics” blog, the technology ethicist James Williams (of Time Well Spent) lays out the stakes: We experience the externalities of the attention economy in little drips, so we tend to describe them with words of mild bemusement like…

The Insecure Overachiever

Exacerbating this problem, elite professional organizations deliberately set out to identify and recruit “insecure overachievers” — some leading professional organizations explicitly use this terminology, though not in public. Insecure overachievers are exceptionally capable and fiercely ambitious, yet driven by a…

The Problem with American Politicians Being Lawyers

The job of the politician in America, whether at the local, state, or naA tional level, should be, in good part, to help educate and explain to people what world they are living in and what they need to do if they want to thrive within it. One problem we have today, though, is that so many American pobliticians don't…

A Student's Skill-Level Should be Private

A student's skill level should be a private matter, between him and the teacher, and students who are behind should be able to work comfortably, without embarrassment. "They know they should know more. They know they should not be working on tens and ones when their friends are doing division and fractions and all…

Games Allow for Low-Cost Failure

What Prensky and Gee had realized early on was that game designers had lowered the cost of failure so players would take risks. They'd figured out that well-designed problem solving that gives players a second chance and a way to share their successes is almost irresistibly attractive. In just a few years, game…

80/20 Rule for Production VS Consumption

As James explains, you can read everything you want about waking up earlier—from sleep habits to the Circadian rhythm—but when the alarm goes off, the only thing that matters are the strategies you’ve actually tried. “The biggest issue around the myth of ‘I need to learn more’ is that somehow learning and doing are…

When Information is Cheap, Attention Becomes Expensive

Negative reviews are fun to write and fun to read, but the world doesn’t need them, since the average work of literary fiction is, in Laura Miller’s words, “invisible to the average reader.” It appears and vanishes from the scene largely unnoticed and unremarked. “Even the novelists you may think of as ‘hyped’ are in…

Children's Art Has Its Own Logic

Even simple scribbles are meaningful. While it was once thought that kids only scribbled to experience the physical sensation of moving their arm along the page, “now it’s been shown that when children are scribbling … they’re representing through action, not through pictures,” said Boston College’s Winner. “For…

CREW Method of Curation

CREW stands for Continuous Review Evaluation and Weeding, and the manual uses “crew” as a transitive verb, so one can talk about a library’s “crewing” its collection. It means weeding but doesn’t sound so harsh. At the heart of the CREW method is a formula consisting of three factors—the number of years since the last…

Teacher Approval Ends Discussion

After years of classroom research, Dillon (1988) concluded that teacher interventions during student discussions tend to shut down student thinking and student talk. He found this to be particularly true of positive feedback or praise. The rationale, of course, is that when a teacher communicates agreement with one…