A blog for graduate business students taking ECON 610 or similar courses at VCU. The opinions here are mine. No one at VCU reviews or approves what I post.
Tuesday, November 26, 2019
The RAP and PG&E: The battle of initialisms
This commentary in the WSJ (Nov. 2019) describes how the incentives PG&E faces => rolling blackouts instead of investments designed to reduce the risk of fire.
Monday, November 25, 2019
Kodak's failed attempt to decentralize
The post and link describe Kodak's struggle to increase innovation. Some of the blame falls on a decentralized decisions not coupled with strong incentives.
Thursday, November 21, 2019
This article in the WSJ (Nov. 2019) illustrates the importance of focus. Trying to do everything => do nothing well. It also illustrates that entry => lower profits.
Wednesday, November 13, 2019
Will AI => Centralization?
This article in the WSJ (Nov. 2019) discusses the role that AI may have in increasing or decreasing centralization.
Monday, November 11, 2019
Is this Use of AI great or scary?
The WSJ reports that Google has teamed with Ascension to analyse personal health data for millions of people across 21 states without obtaining consent or even informing the patients. The (partial) goal is noble: "Google in this case is using the data, in part, to design new software, underpinned by advanced artificial intelligence and machine learning, that zeroes in on individual patients to suggest changes to their care." The report also states that "the Health Insurance Portability and Accountability Act of 1996, generally allows hospitals to share data with business partners without telling patients, as long as the information is used 'only to help the covered entity carry out its health care functions.'”
Thursday, November 7, 2019
How Google auctions ads
Take a peek under Google's hood
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