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Alternative Incentives for Positive Network Effects
If a product/service should generate positive network effects, how do you make the value comparable for the 1st and the 1 billionth user? Accomplishing this means that you can offer more value to the early adopters, and if so, then the network of users should grow faster, or equivalently, adoption should be faster. “In economics,…
What Is an Explanation?
Many people spent a lot of time, across centuries, trying to build good explanations, and trying to distinguish good from bad ones. While there is no consensus on what “explanation” is (always and everywhere), it is worth knowing what good explanations may have in common. It helps develop a taste in explanations, which is certainly helpful given how frequently you may need to explain something, and how often others offered explanations to you.
Economics of the Acceptability of an Argument
An argumentation framework [1] is a graph of nodes called arguments, and edges called attacks. If arguments are propositions, and “p1 attacks p2” reads “if you believe p1 then you shouldn’t believe p2”, then an argumentation framework looks like something you can use to represent the relationship between arguments and counterarguments in, say, a debate….
