In most cases, getting something for free is preferable to paying for it. But now always. One example I’ve always found intriguing on this front is online dating sites. If you’re (say) a very attractive female, it’s HIGHLY likely that you will be inundated with messages from potential suitors. But by making the suitors pay [...]
Entries from November 2009
Localbacon: improving the customer experience by making them pay
November 30th, 2009 · No Comments
Tags: business · economics · social media
Stigmergy, community building, and social media
November 27th, 2009 · 1 Comment
On Monday my colleague Naumi Haque sent me a link to an interesting article by Professor Francis Heylighen titled “Why is Open Access Development is so successful? Stigmergic organization and the economics of information“. It provides a great overview of open access / self-organizing systems in relation to traditional economic theory, but the part I [...]
Tags: economics · social media
The Sports Guy, using statistics, and the gambler’s fallacy
November 20th, 2009 · No Comments
Today my favorite writer – The Sports Guy – wrote an excellent column about Bill Belichick’s “reckless” call to go for it on 4th and 2 when his team was up by 6, on their own 28 yard line, with just over 2 minutes left to play. Much of the article goes into great detail [...]
Tags: economics
Twitter popularity and Marvel Comics: an interesting difference between follower and list counts
November 20th, 2009 · No Comments
As part of my ongoing research, I’ve been paying close attention to developments around Twitter’s “list” feature (launched in October) – “A great way to organize the people you follow and discover new and interesting accounts.” Yesterday I stumbled upon an interesting finding (that has me scratching my ahead a bit) in relation to follower [...]
Tags: business · social media
Twitter, and the challenge of innovating while having an open API
November 12th, 2009 · No Comments
I was just reading about the Trouble at Twitter – how U.S. visitors were down 8% in October – on Tech Crunch. The CEO mentions that they’re hoping a “slew” (currently a couple) of new features will help revive growth on the site – such as the retweet button, lists, and geolocation features. It very [...]
Tags: social media