asymmetric information
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Early Modern England: Politics, Religion, and Society under the Tudors and Stuarts (HIST 251)Professor Wrightson discusses local particularism and regionalism in early modern England and highlights the importance of local customs and economic patterns. He then focuses on the manner in which these local areas, while enjoying a measure of cultural, institutional, and economic autonomy, were simultaneously integrated into a larger national wh...more
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Estrin talks about the personal connectivity cycle. The cycle of connecting people is the notion of people being able to connect to each other and connect to information anywhere. This means true mobility and ubiquitous, high bandwidth connectivity, she says. The enablers of this cycle are economic and behavioral. From an IT demand perspective, she explains, the real win is in the consumer devices and services and not in the IT infrastruct...more
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Professor Shapiro explains the format and structure of the class during this opening session. He reviews the syllabus, and asks the central question of the course: What makes a government legitimate? He briefly explains the five ways to answer this question that he will focus on throughout the semester. The first three traditions are those of the Enlightenment: utilitarianism, Marxism, and social contract theory. The fourth and fifth overa...more
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The visual system has developed to allow us to navigate in a complex and dangerous world in order to find food and to avoid danger. This survival system works by building a complex three-dimensional model based on two-dimensional data from the retina. This model is tested against "reality" and checked with information from other senses and updated if needed. The brain suppresses the complexity of this processing and we believe that visi...more
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At the beginning, the product was an 'internet sponge' that could absorb information from a computer and be carried around on a keychain. As time went on, the idea went through lots of changes to become what the Hiptop is today. Hershenson describes the formation of the product as a critical mass process: enough stuff (people, money, time) gets scrunched together until the product comes out like a giant release of energy.
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Roos talks about how the industry in Silicon Valley keeps changing. From the 1970s, the era of the brick and mortar technology industry, the Valley has seen a boom in semiconductor companies and computer companies, followed by the era of information technology and the Internet in the 90s. In this transition, the Valley has become global, he adds.
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Visual illusions entertain and astonish us. How and why they occur is due to the way our visual system processes information. The study of visual illusions leads to many surprising and counterintuitive conclusions about vision. How illusions occur will be illustrated with many beautiful, well-known examples from art history as well as novel images. Following this talk the world out there will seem to be a very different place.
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As an entrepreneur, Burrill says, it is essential to constantly challenge backhand knowledge, differentiate information from insight, and have a healthy aggressive attitude towards trying to build something of value. A VC chooses companies based on where the market place will be in the future and not where it is today. In merchant banking business, it is not about how many things one gets started, but how many things one completes, he notes.
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The economic concept of game theory can be readily applied to evolution and behavior. By analyzing encounters between organisms as a mathematical "game," important information such as fitness payoffs and the proportions of "strategies" played by each group within a population can be inferred. While oftentimes these games are too simplified to apply directly to actual examples in nature, they are still useful models that help convey importa...more
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Wirt makes some interesting predictions about the future of digital music, digital photos, and the trends of high speed networks and increasing storage capacity. He describes a world where almost everything has a built-in hard drive for storing information, but the challenge will be keeping it all in sync.
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Kaplan is working on some really "wacky" things. According to him, the next big wave is going to be in Microsensor technology. This will enable people to use technology to do things that don't seem possible. He designed and built a home automation system which narrates whatever is happening. He has basically integrated information from multiple sensors.
