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The Gig Economy Acts As A Stepping Stone Into Entrepreneurship

The Horizons Tracker

There is reasonable evidence to suggest that many “gig” workers are actually highly skilled individuals able to operate independently (and enjoy this freedom). There was also a significant growth in entrepreneurship in areas where there was significant variance in the credit ratings of people.

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Who Really Benefits From Ride Sharing?

The Horizons Tracker

Provision of capital The gig economy is unlike other sectors as the platforms don’t own any assets themselves or provide participants with the capital they require to operate. The author examines what impact Uber and Lyft have on car buying (and borrowing) in the cities they operate in.

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Study Suggests AI Could Reduce Bias In Car Finance

The Horizons Tracker

New research from the University of Bath suggests that lenders in indirect retail channels, like car dealerships, could significantly boost their profits by incorporating artificial intelligence (AI) into their operations. Notably, it centered its analysis on an average customer, rather than individuals at the extreme ends of credit ratings.

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Crisis of Faith in the Financial System

Harvard Business Review

The Ming note is printed with the statement that it is "To Circulate for Ever" — quite a vote of confidence from the treasury, and presumably one necessary for such an innovative approach to payment and livelihood. As the Ming dynasty shows us, a properly operating financial system is both symbolic and symbiotic.

System 15
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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. Partly because profit maximization is a bedrock assumption and partly because maximization is a basic mathematical tool, economists have trouble dealing with firms that are not maximizing profits.

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. Partly because profit maximization is a bedrock assumption and partly because maximization is a basic mathematical tool, economists have trouble dealing with firms that are not maximizing profits.

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How Blockchain Could Help Emerging Markets Leap Ahead

Harvard Business Review

Even better, blockchains can spur local high-tech innovation. The Dubai Blockchain Strategy (disclosure: Vinay is the designer) envisions moving all government documents — more than 100 million documents per year — onto a blockchain by 2020, creating a new platform for innovation and huge cost savings.