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anonymous

Occom's Razor - 0 views

medical-dictionary.thefreedictionary.com/Occoms+razor

Simplify Occoms Occom's Razor

shared by anonymous on 21 Sep 10 - No Cached
  • anonymous on 21 Sep 10
     
    In light of talking about different ways of thinking, and different scientific methods. I thought this would be appropriate.
Erin Hamson

Free! Why $0.00 Is the Future of Business - 4 views

www.wired.com/...ff_free

shared by Erin Hamson on 25 Sep 10 - Cached
Andrew DeWitt liked it
  • zero-cost distribution has turned sharing into an industry
    • Bri Zabriskie
      Bri Zabriskie on 27 Sep 10
       
      This article is long but well worth skimming. I used a quote from it in one of my latest blogposts, "Free Entertainment?" at bricolorful.wordpress.com
  • Invent something people use and throw away.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Eliminates scarcity
  • By giving away the razors, which were useless by themselves, he was creating demand for disposable blades.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Supply and demand
  • ...13 more annotations...
  • The fastest-growing parts of the gaming industry are ad-supported casual games online and free-to-try massively multiplayer online games
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Still need a way to make money
  • The first is the extension of King Gillette's cross-subsidy to more and more industries.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      That is, giving somethings to make you buy others
  • The second trend is simply that anything that touches digital networks quickly feels the effect of falling costs.
  • And that meant software of broader appeal, which brought in more users, who in turn found even more uses for computers.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Cheaper goods brings in more people allowing the standard of living to rise for all.
  • FREE CHANGES EVERYTHING
    • Andrew DeWitt
      Andrew DeWitt on 28 Sep 10
       
      Wow, this is awesome.  Imagine the world of free electricity.  It makes me wonder what our age of free digital will bring.
    • Kristi Koerner
      Kristi Koerner on 28 Sep 10
       
      I actually agree that some things, maybe even more things, should be free. But not as a marketing ploy. And this system seems to go against our capitalist ideals of competition.
  • The most common of the economies built around free is the three-party system. Here a third party pays to participate in a market created by a free exchange between the first two parties.
    • Erin Hamson
      Erin Hamson on 28 Sep 10
       
      Where the money comes in.
  • There are dozens of ways that media companies make money around free content, from selling information about consumers to brand licensing, "value-added" subscriptions, and direct ecommerce
  • subscription model of media and is one of the most common Web business models.
  • Isn't it just the free sample model found everywhere from perfume counters to street corners?
  • the manufacturer gives away only a tiny quantity
  • A typical online site follows the 1 Percent Rule — 1 percent of users support all the rest.
  • Yahoo's pay-per-pageview banners, Google's pay-per-click text ads, Amazon's pay-per-transaction "affiliate ads," and site sponsorships were just the start.
  • Gideon Burton on 25 Sep 10
     
    A seminal post that became the basis of Anderson's 2009 book, FREE (Hyperion) 
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