Tov Are Jacobsen
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Platforms create value by facilitating interactions between external producers and consumers. Because of this external orientation, they often shed even variable costs of production. The emphasis shifts from dictating processes to
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“The market for vacuum cleaners alone is huge: Transparency Market Research estimated it at $11 billion in 2012 and projected an increase to $14.6 billion by 2018, with robotic vacuum sales rising faster than others.”
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“something being “exceptionally rare” doesn’t necessarily mean it’s interesting, nor should we necessarily count it as strong evidence of anything. Exceptionally rare chances occur constantly, and the mere fact of their rarity may have absolutely no bearing on what conclusions we draw from having witnessed them.”
― Bernoulli's Fallacy: Statistical Illogic and the Crisis of Modern Science
― Bernoulli's Fallacy: Statistical Illogic and the Crisis of Modern Science
“We found that suppliers of nonstrategic products and services don’t fully appreciate this purchasing task. So when they try to land a deal, they make two common mistakes. THEY FOCUS DOGGEDLY ON THEIR OFFERINGS’ DISTINCTIVE FEATURES EVEN WHEN CUSTOMERS DON’T WANT OR NEED THEM. The hope is that features that go beyond the specifications will win over the customer and get him or her to pay a premium. But trying to persuade a skeptical customer that such extras will add value is no easy task,”
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“How is it possible that our departmental silos are operating with agility, but our companies are hopelessly rigid and slow?”
― Lean UX: Applying Lean Principles to Improve User Experience
― Lean UX: Applying Lean Principles to Improve User Experience
“Aristotle observed, pure logic won’t suffice on its own because some links in the chain are missing or uncertain. But he offered the advice that “we should also base our arguments upon probabilities as well as upon certainties,” 2 and this could still constitute an appeal to good reason, since “the true and the approximately true are apprehended by the same faculty; it may also be noted that men have a sufficient natural instinct for what is true, and usually do arrive at the truth. Hence the man who makes a good guess at truth is likely to make a good guess at probabilities.” 3”
― Bernoulli's Fallacy: Statistical Illogic and the Crisis of Modern Science
― Bernoulli's Fallacy: Statistical Illogic and the Crisis of Modern Science
Tov Are’s 2025 Year in Books
Take a look at Tov Are’s Year in Books, including some fun facts about their reading.
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