RT @emollick: GDP around the world massively undervalues the actual quality of life gains we get from Internet services, most at no cost.…
RT @emollick: GDP around the world massively undervalues the actual quality of life gains we get from Internet services, most at no cost.…
15k and 6k seems low. I’d probably still pay at much higher prices.
GDP around the world massively undervalues the actual quality of life gains we get from Internet services, most at no cost. Large-scale experiments show that average Americans would need to be paid $15k a year to give up search engines and $6k for email.
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
Almost every middle-class citizen in the United States enjoys a higher standard of living than the richest person on the planet a century ago. Markets and technology are incredible.
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
It’s easy to ignore all the insane benefits we gained from technology. Next time your friend or folks on the bird app you follow talks about how tech has been so terrible, think a bit deeper. Being able to Google basic medical guidance, finding likeminded
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
If anything, I feel like in the image on the left, people are underestimating how much they’d pay to have access to the lower items on the list like messaging and music and video and stuff.
RT @abhishekn: ... and the average american would need to be paid between 2.6-5k for digital maps!!
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @abhishekn: ... and the average american would need to be paid between 2.6-5k for digital maps!!
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
As I’m making more trips back into the city, @TripView is near the top of my “most valuable app” list
RT @abhishekn: ... and the average american would need to be paid between 2.6-5k for digital maps!!
... and the average american would need to be paid between 2.6-5k for digital maps!!
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
I find myself citing this awesome PNAS paper by @avi_collis, @erikbryn and @eggers_felix quite often in conversation!
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
RT @emollick: We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid…
We don’t always notice the 💰 value technology has added to our lives. Two views: 💻The average Americans would need to be paid $15k a year to give up search engines & $6k for email https://t.co/oHvyYB38ie 📱As @raykwong showed, we carry millions worth of
"How much money would you need to give up different household items and services?" Internet access, search engines and streaming services are highly valued. Uber, Twitter and LinkedIn - not so much. https://t.co/gcCDyIoZVy https://t.co/vmYJqBqgv2
and so would most people https://t.co/eJCDm2i0tu https://t.co/wO6yYg8WGa
In this paper, we develop an experiment-based method that allows us to numerically quantify reputation system-based algorithmic management. Our design borrows heavily from the design used in @avi_collis @erikbryn and @eggers_felix’s awesome PNAS paper: ht
Of all the "free" services available on the internet, search engines are valued way more than any other service email, maps, social media, messaging, etc. https://t.co/qy7usl70SA https://t.co/Qtnw46BVhh
RT @EmilSkandul: Great, important research by @erikbryn et al. What's the economic value of the internet and its freemium services that i…
RT @trengarajan: 290/ We underestimate the bounty that is the mobile internet. On a whim I joined a spaces discussion led by @SummerOkibe…
RT @trengarajan: 290/ We underestimate the bounty that is the mobile internet. On a whim I joined a spaces discussion led by @SummerOkibe…
RT @trengarajan: 290/ We underestimate the bounty that is the mobile internet. On a whim I joined a spaces discussion led by @SummerOkibe…
290/ We underestimate the bounty that is the mobile internet. On a whim I joined a spaces discussion led by @SummerOkibe and heard African cheetahs from around the globe sharing best practices on grad school abroad. Free! Africa is rush to prosperity! h
RT @ben_schroeter: Easy to forget that digital technologies are a major driver of quality of life gains.
Coincidentally digital maps are third on the list, about one fifth the value of search engines and half the value of email.
Google search creates an enormous amount of value and captures only a small portion of it through ads. Search has a v. long runway for further improvement and value creation. Will be interesting to see how monetization model for search evolves over time (o
RT @ben_schroeter: Easy to forget that digital technologies are a major driver of quality of life gains.
Great, important research by @erikbryn et al. What's the economic value of the internet and its freemium services that isn't calculated by the current ways in which we measure GDP?
Call it "trickle down quality of life gains"
RT @arpitrage: Interesting that search engines provide so much of the welfare gains from the internet, when people use them in large part t…
Interesting that search engines provide so much of the welfare gains from the internet, when people use them in large part to find the other elements of the list
Easy to forget that digital technologies are a major driver of quality of life gains.
What a fantastic example from @emollick of positive #externalities. And if you'd like to know more about #Pigou who wrote about this...well...you know where we are.
American scholarly samizdat
RT @eggers_felix: We have measured the value of toilets compared to many other items by asking which of them they could most easily live wi…
RT @eggers_felix: We have measured the value of toilets compared to many other items by asking which of them they could most easily live wi…
RT @eggers_felix: We have measured the value of toilets compared to many other items by asking which of them they could most easily live wi…
RT @eggers_felix: We have measured the value of toilets compared to many other items by asking which of them they could most easily live wi…
RT @eggers_felix: We have measured the value of toilets compared to many other items by asking which of them they could most easily live wi…
Cool, today is BOTH international mens day and world toilet day. Cheers to all who celebrate!
RT @ProfJohnTurner: 🚾 - perhaps the greatest invention of the past 200 years
E voi cosa scegliereste tra un anno senza toilette e un anno senza Twitter? Vabbè che per quello che ci scriviamo spesso non si nota la differenza 😛
These results are *incredible*
🚾 - perhaps the greatest invention of the past 200 years
RT @eggers_felix: We have measured the value of toilets compared to many other items by asking which of them they could most easily live wi…
We have measured the value of toilets compared to many other items by asking which of them they could most easily live without. Lacking toilets is among the worst situations that people can imagine. #WorldToiletDay Cc: @erikbryn, @avi_collis https://t.co/
RT @ComradeHector: ¿Cuánto valoras el agua si te la quitaran? ¿todo tu dinero? ¿tu brazo? Evidentemente tu mera existencia depende del agua…
¿Cuánto valoras el agua si te la quitaran? ¿todo tu dinero? ¿tu brazo? Evidentemente tu mera existencia depende del agua... Todas estas falacias por no poder explicar la 'IT paradox' 🤣🤣
En este artículo, por ejemplo, los autores miden directamente (mediante experimentos de elección online) el bienestar de los consumidores: el usuario medio de Facebook necesitaría una compensación unos 48 dólares por renunciar a usarlo durante un mes. http
in another study, the consumer surplus for facebook was valued at $48 in 2016 (i.e., the median consumer was willing to give up FB for $48 a month) https://t.co/uKmSAx4VXp
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
RT @profjasonpotts: Accounting for free goods in an increasingly digital economy (platform business models plus non rival goods = many good…
Accounting for free goods in an increasingly digital economy (platform business models plus non rival goods = many goods have zero price on one side of market, so gdp needs to be corrected. This is gdp-B)
RT @vickyateca: El #PIBb: lo que tendría que contarse (y cómo) para representar también a la economía digital! https://t.co/gDeEo4G1Cn
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
El #PIBb: lo que tendría que contarse (y cómo) para representar también a la economía digital!
RT @mpawlo: Wowserz! Erik has done some proper willingness to pay-work. Very cool stuff. cc: @SE_ANDERS @moia @eldsjal @razmuss @DMcWilliam…