Using Game Theory to Optimize the Pace of New Technology Adoption
Innovators of new technology systems requiring users to combine components from several different providers (e.g., hardware, software or content, accessories) often face delays in adoption of their new systems. Users will not buy the hardware until enough software or content is available, while at the same time software or content providers will not provide content until enough users have adopted the new system. Winning the Hardware-Software Game examines the dynamics of this adoption process and provides methods for optimizing the pace of adoption of new technology systems. Read more...
Why is network anatomy so important to characterize? Because structure always affects function.
– Steven H. Strogatz
Networks that seek commercial success must develop and maintain the ability not only to change in the face of highly competitive environments, they must also be able to adapt in ways that influence that environment.
– Robert Rycroft
“Everyday inventors don’t let themselves be limited like the rest of us do. They open their minds to the possibilities.”
– Rini Paiva, US National Inventors Hall of Fame
Yet the secret of evolution is the continual emergence of complexity. Simplicity brings a spareness, a grit; it cuts the fat. Yet complexity makes organisms like us possible in the first place.
– W. Brian Arthur
Natural selection may explain the survival of the fittest, but it can not explain the arrival of the fittest.