Tag: Steve Jobs

Hand holding smartphone with media icons and symbol

^{Type
post

Author
News
Date
March 5, 2021

Categorized
Business and Finance, Economics, Law

Tagged
Android, App stores, Apple (company), Arizona, Big Tech, Google, iPhone, Matt Stoller, Monopoly (in business), North Dakota, Steve Jobs}

Arizona Fights Back Against Big Tech App Store Monopoly

_{North Dakota’s anti-monopoly legislation was defeated but Arizona’s passed} _{News

March 5, 2021

3

Business and Finance, Economics, Law}

Big tech, flexing political muscles, is starting to get pushback at the state level. Political analyst Matt Stoller tells us a tale of two states: A loser and a winner: Two weeks ago, Apple and Google managed to defeat a major bill in North Dakota to force competition in app stores. This week, the Arizona House of Representatives defied the tech giants and passed the very same bill… Matt Stoller, “Apple Threatens North Dakota, Suffers Crushing Loss in Arizona: “A Lot of It is Just Fear”” at Substack Even sovereign states like Australia have felt the heat from pushing back against the likes of Facebook. Facebook blocked access to the Australian government’s Facebook pages during the forest fire season, due Read More ›

^{Type
post

Author
Gary Smith
Date
November 23, 2020

Categorized
Business and Finance, Economics, Mathematics

Tagged
Andrew Capron, Dot-com bubble, Featured, Francis Galton, Jack Treynor, Jelly bean experiment, Marcus Lee, Planet Money (radio), South Sea Bubble, Statistics, Steve Jobs, Tulip Bubble, Warren Buffett, Wisdom of Crowds (book)}

The Wisdom of Crowds: Are Crowds Really Wiser Than Individuals?

_{According to the theory, with a large number of guessers, the median number is very likely to be close to the true value} _{Gary Smith

November 23, 2020

9

Business and Finance, Economics, Mathematics}

Statistician Sir Francis Galton went to a country fair in 1907 where a prize was to be awarded to the person who made the most accurate guess of the butchered weight of an ox that was on display. Galton collected and analyzed the 787 guesses and, not surprisingly, found that some guesses were far too high and others were much too low. However, the average guess (1,197 pounds) was only 1 pound lower than the actual weight (1,198 pounds). The average was more accurate than the guesses of the vast majority of both the amateurs and the experts. In the 1980s, a finance professor named Jack Treynor (1930–2016) performed a similar, and now legendary, experiment with jelly beans. Professor Treynor Read More ›