There are some absolutely fascinating figures in this study*, begging all sorts of questions around '#value': https://t.co/xN0079yjyf HT @wendyg -- *Full paper: https://t.co/axXSbmnm0T
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
RT @prasannavishy: Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods gener…
Erik Brynjolfsson, an MIT prof is already developing an alternative measure of GDP that measures how digital goods generate a large amount of consumer welfare that is currently not captured in GDP https://t.co/sKR2aJV7aA
Brilliant out of the box thinking. I bet Trump WHIPS himself every night for ever appointing Mr. Powell to the Fed!!! @federalreserve #UseYourBrain #MATH #YangGang2020 https://t.co/sDxyspamia https://t.co/bjowpdE6yU
Using massive #online choice experiments to measure changes in #Wellbeing https://t.co/baL67vQwFi
"Twitter, however, was valued at zero euros." https://t.co/iiLxGSmCbB
"GDP measures the value of products and services that are bought and sold. But many of the greatest technological innovations of the internet age are free..." https://t.co/GzHYvQFQbb https://t.co/FJB7SCIxXc
@JRDubbleU @MIT @CNBCTheExchange Absolutely! https://t.co/VA4zGmFtlG
Using massive online choice experiments to measure changes in well-being (quoted in the Fed article) https://t.co/7VytH4De0g
Interesting numbers!
How much would you have to be compensated per month to forgo free online services? This PNAS study finds: Whatsapp - €536, Facebook - €97, digital maps - €59, Instagram - €6.79, LinkedIn - €1.52…Twitter - €0 https://t.co/xPcObG9WBl
RT @JerryCap: Paper: Using massive online choice experiments to measure changes in well-being "Powell cited recent work by MIT economist E…
What is your digital experience worth to you? https://t.co/w68tAnmf5x https://t.co/53GzPt6I2w
“consumer surplus is a better measure of consumer well-being.” Cc: @ronaldbaker @edkless @rorysutherland Worth a read. https://t.co/jb3vl49Z27
@FaWonderer @avi_collis @eggers_felix No, its what we had to offer to pay people to give us search engines for a year. See: https://t.co/aiDoBdhDTc
RT @JerryCap: Paper: Using massive online choice experiments to measure changes in well-being "Powell cited recent work by MIT economist E…
FANG Porn
Paper: Using massive online choice experiments to measure changes in well-being "Powell cited recent work by MIT economist Erik Brynjolfsson, one of the leading academics on the intersection of technology and the economy." https://t.co/CFuCW3xkZA https:/
Using massive online choice experiments to measure changes in well-being https://t.co/C4ZUDnSNUs
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
1/ Re-retweeting this b/c what Prof @erikbryn is trying to do here (find surplus value from $0 digital goods) is fascinating. Main Q for discerning user value is "what $ would it take you to give up x for a month?" Some interesting results, e.g., Whatsapp
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
RT @CompetitionProf: BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitr…
BIG idea of the day. On digital consumer surplus. Must watch. Sobering perspective + big picture giver on tech, antitrust and regulation. And link to paper https://t.co/tEZYnF38Kq
RT @peter_lauten: In light of @erikbryn et al (2019) estimating consumer willingness to accept of $8.4k annually for email (eg, bribe neces…
In light of @erikbryn et al (2019) estimating consumer willingness to accept of $8.4k annually for email (eg, bribe necessary to compel user to abandon a product), I can only imagine the WTA for Superhuman! 👏🎉🙌 @rahulvohra and @superhuman team. https://t.c
Stellar research from @avi_collis & @erikbryn at @mit_ide #mit #ideasthatmatter
@RushtonIU @geoffcrossick CV techniques are being used in a growing number of areas. See eg this interesting application by Erik Brynjolfsson and Kevin Fox to digital economy platforms which is getting much interest: https://t.co/HbwOv5KEJb
How valuable are search engines? You would need to pay people $17,500 to *not* use them. And they would rather give up any other digital good before giving up search engines. (Brynjolfssona et al, Proc. of the National Academy of Sciences Apr 2019) htt
Even beyond Facebook, consumers would have to be paid $3,648 to forego internet maps for a year, $8,414 for email, and *$17,530* for search engines. Leading tech services are popular and incredibly valuable. https://t.co/6qjzoEaVb4 https://t.co/nkMUjYsslO
New scientific article: a new way of thinking about GDP, and on the value of maps on phones... https://t.co/z96GwwTfVI
23 . Using massive #online #choice experiments to measure changes in #well-being..https://t.co/uy7YzJvKHF
@ajmoralesguzman An interesting question! Best answers I have found here https://t.co/msrmUVjAkk and https://t.co/MK1T6si7Cj
RT @ResExcelsa: Una nuova ricerca del #MIT Sloan School of Managemen ha approfondito il valore del #benessere delle persone quantificato su…
Una nuova ricerca del #MIT Sloan School of Managemen ha approfondito il valore del #benessere delle persone quantificato sull’accessibilità ai #ServiziDigitali e sul loro rapporto con queste tecnologie. I risultati meritano uno sguardo approfondito https:/
Using massive online choice experiments to measure changes in well-being https://t.co/pFh5kqJzJF
RT @XiXiDu: Using massive online choice experiments to measure changes in well-being https://t.co/JAtaST2ADx "Digital goods generate a lar…
Using massive online choice experiments to measure changes in well-being https://t.co/JAtaST2ADx "Digital goods generate a large amount of consumer welfare that is currently not captured in GDP. The median Facebook user needed a compensation of $48 to giv
43 . Using massive #online #choice experiments to measure changes in #well-being..https://t.co/NvyKqSqZWP
Gross domestic product (GDP) measures production and is not meant to measure well-being. While many people nonetheless use GDP as a proxy for well-being, consumer surplus is a better measure of consumer well-being. https://t.co/ln6W9mVWax https://t.co/tvU1
Interessant onderzoek dit, ihkv nadenken over alternatieven voor BNP, "Using massive online choice experiments to measure changes in well-being" https://t.co/oVjSRlhjIp
Using massive online choice experiments to measure changes in well-being [Economic Sciences] https://t.co/nZZlGkHVQA
Does the internet make us happier? This research paper argues that Facebook on average generates $48-worth of well-being a month for its users. https://t.co/o20lUiUKGK
Calculan que el usuario medio de Facbook necesitaría una compensación de 48$ mensuales para dejar els ervicio. https://t.co/tyms6MtLwb. Si alguien me envía el contrato, firmo, pero ya!
RT @ishikun3: 情報産業がGDPに占める割合は4-5%と、なんと35年前から変わっていない。その最大の理由はTwitterもそうだけど無料だから。そんなデジタルエコノミーをどうやって手軽にネット使ってGDP換算するかという研究を永山さん@nagayamanに教えても…
Using massive online choice experiments to measure changes in well-being https://t.co/Cq5xjFi5eP
"The median user needed a compensation of about $48 to forgo FB for 1 month" #Wellbeing gains created by #digital are not reflected in #GDP & #productivity." When E.Brynjolfsson flags a topic, it's likely to be one that'll be much discussed & analy
RT @CMastrodonato: Interesting article, not only because it shows an alternative approach to GDP, but because we find out that FB is worth…
Interesting article, not only because it shows an alternative approach to GDP, but because we find out that FB is worth 48$ a month! #innovation #interesting https://t.co/nkIequg8GZ
Using massive online choice experiments to measure changes in well-being https://t.co/877uyL9zLT
Wtf ... " ... For example, the median user needed a compensation of about $48 to forgo Facebook for 1 mo ... " https://t.co/Snl4zq4S1D
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
"Our overall analyses reveal that digital goods have created large gains in well-being that are not reflected in conventional measures of GDP and productivity." https://t.co/CdsQMNwv2x
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
@PerezDRPerez Willingness to pay data?
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
RT @AlecStapp: Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service…
Facebook made ~$9/user/month in US & Canada last year: https://t.co/SP7BEMph5M New study finds users value the free service at $48/month: https://t.co/qRH7ap4ayg We can disagree on framing, but let's get the numbers right.
@Evollaqi @Laeeth In a recent paper, https://t.co/yJutuElQfP Brynjolfsson et all found out that people would require $0 compensation to give up Twitter for 1 month, compared to WhatsApp($536),Facebook($79),Insta-gram($6.79), Snapchat ($2.17), LinkedIn ($1
RT @erikbryn: @avi_collis @eggers_felix Details in paper published today: Brynjolfsson, Collis & Eggers, “Using Massive Online Choice Exper…
Using massive online #choice #experiments to measure changes in well-being https://t.co/nKlB5lHnBf
RT @erikbryn: @avi_collis @eggers_felix Details in paper published today: Brynjolfsson, Collis & Eggers, “Using Massive Online Choice Exper…