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More than 20 of the world's top 50 cities ranked by GDP will be located in Asia by the year 2025, up from 8 in 2007. During that same time period, our research suggests, more than half of Europe's top 50 cities will drop off the list, as will 3 in North America. In this new landscape of urban economic power, Shanghai and Beijing will outrank Los Angeles and London, while Mumbai and Doha will surpass Munich and Denver. The implications-for companies' growth priorities, countries' economic relationships, and the world's sustainability strategy-are profound.

This TED talk from Daniel Kahneman has huge relevance for anyone involved in Knowledge Transfer or Knowledge Elicitation work. We know that an individual's recall and their actual experience may be quite different. This excellent talk shows just how different the 'remembering self' can be from the 'experiencing self'.  Using examples from vacations to colonoscopies, Nobel laureate and founder of behavioral economics Daniel Kahneman reveals how our "experiencing selves" and our "remembering selves" perceive happiness differently. This new insight has profound implications for economics, public policy -- and our own self-awareness.

Katona's work in the 1970s on 'sentiment' was pivotal in understanding consumer behaviour. For example the US Federal Reserve was hugely resistant to the idea that feelings had a part to play in economic forecasting. Katona proved that answers to questions such as 'do you believe you will be better off next year than this?' were actually better forecasters of economic performance than traditional models. Many behavioural economists now use Katona's theories.

Leadership and behavioural economics - McKinsey article

as the stock market bounced along on the bottom, I leavened the gloom by speaking with Chris Meyer, a keynote speaker at APQC's upcoming 2009 knowledge management conference. With a background in economics and innovation, Chris's job as chief executive of Monitor Networks is to suggest new ways to sense and think about complex--and sometimes alarming--situations.

"Thinking, Fast and Slow is a 2011 book by Nobel Prize winner in Economics Daniel Kahneman which summarizes research that he conducted over decades, often in collaboration with Amos Tversky.[1][2] It covers all three phases of his career: his early days working on cognitive bias, his work on prospect theory, and his later work on happiness. The book's central thesis is a dichotomy between two modes of thought: System 1 is fast, instinctive and emotional; System 2 is slower, more deliberative, and more logical. The book delineates cognitive biases associated with each type of thinking, starting with Kahneman's own research on loss aversion. From framing choices to substitution, the book highlights several decades of academic research to suggest that we place too much confidence in human judgment."

New research from Henry Siu at the University of British Columbia and Nir Jaimovich from Duke University shows just how much the world of routine work has collapsed. The economists released a paper today, published by the centrist Democratic think tank Third Way, showing that over the course of the last two recessions and recoveries, a period beginning in 2001, the economy's job growth has come entirely from nonroutine work.

"Despite the sobering economic shocks of recent years, the Fun at Work movement seems irrepressible. Major companies boast of employing Chief Fun Officers or Happiness Engineers; corporations call upon a burgeoning industry of happiness consultants, who'll construct a Gross Happiness Index for your workplace, then advise you on ways to boost it."

" "These days, more than ever, size matters in the innovation game," said John Kao, a former professor at the Harvard business school and an innovation consultant to governments and corporations.In its economic recovery package, the Obama administration is financing programs to generate innovation with technology in health care and energy....."

" Interesting view on the present economic changes..."

" Set up to promote awareness and understanding of intellectual property law, and its contribution to economic and social welfare, through high quality, independent research, worth a browse..."

Stand-up routine relevant to KIN Winter workshop on markets

From knowledge retention to knowledge management, information discovery to information publishing, the range of emerging (and not so) technology needs have been highlighted by the challenges faced in today's economic climate. However there's one reoccurring theme I keep coming across and that's subject matter expert (SME) identification.

What impact will the current economic downturn have on your business, and what steps can you take to lessen its effects? Faculty from Cranfield share their views.

"Born and raised in Sweden, Anna Rosling-Rönnlund is a visionary whose main goal in life is to find systematic sense in vast amounts of data. As tons of data concerning the health and economic status of each country is collected annually, Anna's focus is to make this global public data easier to understand and utilize"

"OpenAI's mission is to ensure that artificial general intelligence (AGI) - by which we mean highly autonomous systems that outperform humans at most economically valuable work - benefits all of humanity. We will attempt to directly build safe and beneficial AGI, but will also consider our mission fulfilled if our work aids others to achieve this outcome."

Algorithms making decisions in situations where the stakes are high need to be very accurate to make-up for high penalties when things go wrong. On the flipside, if the penalty from making an error is low, even inaccurate algorithms might be up to the task.