What if Total Addressable Market can’t be estimated accurately?

Posted on Posted in Data Science, Economics, Machine Intelligence, Marketing Science

What if Total Addressable Market can’t be estimated accurately? What then? What is Total Addressable Market (TAM)? Total Addressable Market, or TAM, is the number of buyers who are Willing To Pay (WTP) for a solution to a problem they have now, or are Willing To Pay (WTP) your firm instead of the firm they’re currently […]

Goal Formation

Posted on Posted in Business, Data Driven Culture, Data Science, Decision Neuroscience, Design Thinking, Economics, Machine Intelligence, Technology

Bart Gajderowicz delivered a great talk at Machine Intelligence Toronto about how people go through stages in accomplishing a goal [1]. The talk was about homelessness and AI approaches to public policy. I instantly saw a connection to all sorts of tensions that people endure when they set out on a goal. To distill the […]

The age of anxiety

Posted on Posted in Economics

This WSJ piece “Has the world lost faith in Capitalism” had this infographic: And prompted Marc Andreessen @pmarca to remark on Twitter: “The inevitable result of 15 years of slow economic growth.” His tweet prompted me to think about the relationship between economic growth and the gini coefficient (a measure of income inequality). And there’s a lot to it. I don’t […]

Nash

Posted on Posted in Economics

Nash died this week, sadly, in a traffic collision. That’s isn’t how I’m going to remember him. My first introduction to Nash was from a book I found in a used book store titled “Game Theory and Canadian Politics”. There was a whole chapter on the Nash Equilibrium and the prisoner’s dilemma in there. This […]

Building a Case Against The Education Bubble Position

Posted on Posted in Economics, Public Policy

There’s been a some talk about education bubbles as of late. Some of the evidence is compelling. A Frontline documentary on the quality and liability of for-profit post secondary education for instance. A general lamentation of the volume and cost of MBA’s being produced. And, many gripes about the affordability / accessibility of post secondary […]