The Future of Economics

•

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ScientificRevenue

A talk on the future of economics by Scientific Revenue's CEO, William Grosso, at the Wolfram Data Summit.

Data & Analytics

bill@scientificrevenue.com
Dynamic Pricing for In-App Purchases
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution.
Warning: Scientific Revenue is a Silicon Valley Company

bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution.
(example from existing game, Not an SR customer)

bill@scientificrevenue.com
Retail Strategies are Starting to Emerge
What Bill Sees What Bill’s Wife Sees
(example from existing game, Not an SR customer)
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com
Setting Prices
Hospitality and Retail Typical Digital Goods Company
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com
In the World of Airlines
• Non-negotiated pricing
• Flexible return policy
• Segmentable market demand
• Highly competitive markets / little
or no vendor loyalty
• Generally available ratecards
• Pre-existing anchoring on pricing
and rates
• Infrequent, large-dollar amount
purchases
• Customers return months or years
later
• Low variable costs
• Fixed capacity
• Inventory can be changed from one
product to another
• Perishable inventory

bill@scientificrevenue.com
In the World of Digital Content
• Non-negotiated pricing
• Flexible return policy
• Segmentable market demand
• Highly competitive markets / little
or no vendor loyalty
• Generally available ratecards
• Pre-existing anchoring on pricing
and rates
• Infrequent, large-dollar amount
purchases
• Customers return months or years
later
• Low variable costs
• Fixed capacity
• Inventory can be changed from one
product to another
• Perishable inventory
“One sided haggling” -- Ability to offer
different prices at different times.
Market conditions change depending on
user engagement.
Pricing can be highly personalized and based
on deep knowledge of individual consumer
Anchoring depends on vertical but is mostly
mitigated by virtual currency formulations
Large numbers of small transactions
occurring close together in time
Costs mostly variable
Unlimited capacity and inventory
Durable inventory

bill@scientificrevenue.com
A Phone or Tablet …
• … Is the way in which digital
content is consumed
• … Is a long-term persistent
identifier that can be
associated with behavior
• … Contains a vast amount of
information about the person
(which changes over time)
• … Is a personalized point-of-
sale-device with built in
confidentiality and security
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution.
Plus, Behavior Modification
Plus, Feedback Systems

bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution.
Finally we are in a position to answer that
age old question …
Which is stronger
Intertemporal Price Discrimination
or
Operant Conditioning

bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution.
How would you change your prices if you knew
someone was about to leave?

bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution.
Related: If a user hasn’t bought something in the
first 8 days, they have only a 2% chance of
purchasing

bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution.
People who buy earlier, spend
more….

bill@scientificrevenue.com
These Books Have Untested (but
Testable) Theories and Hypotheses
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com
These Books Also Have Untested (but
Testable) Theories and Hypotheses
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com
These Are Not Textbooks
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com
Grandpa
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com
We Can Do Science Better
© 2014. Company Confidential and Not for Redistribution.
N = 224

bill@scientificrevenue.com
Academic Collaborations
© 2014. Company Confidential and Not for Redistribution.
World class economist looking for game studios
interested in exploring the fundamentals of currency
design.
Topics of interest include:
• Coin size and divisibility.
• Maximum wallet sizes / inability to carry the
money around.
• Limiting the total amount of currency in a game
(for example, a loyalty currency. You can earn the
coins, if they're out there)
• Transferability (stealing, gifting, ...)
• Universality (spendable everywhere or in select
locations? Spendable at all times, or just
sometimes)

bill@scientificrevenue.com
System Up and Running
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com
Enormous Amounts of Semantically
Rich and Clean Data Puddling Up
© 2014. Company Confidential and Not for Redistribution.

bill@scientificrevenue.com
Thank You
© 2014. Company Confidential and Not for Redistribution.

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My burning issue is homelessness K.C.M.O.

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mzpolocfi

原版定制【微信:41543339】【(Dalhousie毕业证书)达尔豪斯大学毕业证】【微信:41543339】成绩单、外壳、offer、留信学历认证（永久存档真实可查）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。【我们承诺采用的是学校原版纸张（纸质、底色、纹路），我们拥有全套进口原装设备，特殊工艺都是采用不同机器制作，仿真度基本可以达到100%，所有工艺效果都可提前给客户展示，不满意可以根据客户要求进行调整，直到满意为止！】【业务选择办理准则】一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信41543339】文凭即可二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信41543339】即可三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。留信网认证的作用: 1:该专业认证可证明留学生真实身份 2:同时对留学生所学专业登记给予评定 3:国家专业人才认证中心颁发入库证书 4:这个认证书并且可以归档倒地方 5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息 6:个人职称评审加20分 7:个人信誉贷款加10分 8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才留信网服务项目： 1、留学生专业人才库服务（留信分析） 2、国（境）学习人员提供就业推荐信服务 3、留学人员区块链存储服务 → 【关于价格问题（保证一手价格）】我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子我给客户的都是第一手的代理价格，因为我想坦诚对待大家不想跟大家在价格方面浪费时间对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。选择实体注册公司办理，更放心，更安全！我们的承诺：客户在留信官方认证查询网站查询到认证通过结果后付款，不成功不收费！

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GetInData

Recently we have observed the rise of open-source Large Language Models (LLMs) that are community-driven or developed by the AI market leaders, such as Meta (Llama3), Databricks (DBRX) and Snowflake (Arctic). On the other hand, there is a growth in interest in specialized, carefully fine-tuned yet relatively small models that can efficiently assist programmers in day-to-day tasks. Finally, Retrieval-Augmented Generation (RAG) architectures have gained a lot of traction as the preferred approach for LLMs context and prompt augmentation for building conversational SQL data copilots, code copilots and chatbots. In this presentation, we will show how we built upon these three concepts a robust Data Copilot that can help to democratize access to company data assets and boost performance of everyone working with data platforms. Why do we need yet another (open-source ) Copilot? How can we build one? Architecture and evaluation

Global Situational Awareness of A.I. and where its headed

vikram sood

You can see the future first in San Francisco. Over the past year, the talk of the town has shifted from $10 billion compute clusters to $100 billion clusters to trillion-dollar clusters. Every six months another zero is added to the boardroom plans. Behind the scenes, there’s a fierce scramble to secure every power contract still available for the rest of the decade, every voltage transformer that can possibly be procured. American big business is gearing up to pour trillions of dollars into a long-unseen mobilization of American industrial might. By the end of the decade, American electricity production will have grown tens of percent; from the shale fields of Pennsylvania to the solar farms of Nevada, hundreds of millions of GPUs will hum. The AGI race has begun. We are building machines that can think and reason. By 2025/26, these machines will outpace college graduates. By the end of the decade, they will be smarter than you or I; we will have superintelligence, in the true sense of the word. Along the way, national security forces not seen in half a century will be un-leashed, and before long, The Project will be on. If we’re lucky, we’ll be in an all-out race with the CCP; if we’re unlucky, an all-out war. Everyone is now talking about AI, but few have the faintest glimmer of what is about to hit them. Nvidia analysts still think 2024 might be close to the peak. Mainstream pundits are stuck on the wilful blindness of “it’s just predicting the next word”. They see only hype and business-as-usual; at most they entertain another internet-scale technological change. Before long, the world will wake up. But right now, there are perhaps a few hundred people, most of them in San Francisco and the AI labs, that have situational awareness. Through whatever peculiar forces of fate, I have found myself amongst them. A few years ago, these people were derided as crazy—but they trusted the trendlines, which allowed them to correctly predict the AI advances of the past few years. Whether these people are also right about the next few years remains to be seen. But these are very smart people—the smartest people I have ever met—and they are the ones building this technology. Perhaps they will be an odd footnote in history, or perhaps they will go down in history like Szilard and Oppenheimer and Teller. If they are seeing the future even close to correctly, we are in for a wild ride. Let me tell you what we see.

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Roger Valdez

Chatty Kathy - UNC Bootcamp Final Project Presentation - Final Version - 5.23...

John Andrews

SlideShare Description for "Chatty Kathy - UNC Bootcamp Final Project Presentation" Title: Chatty Kathy: Enhancing Physical Activity Among Older Adults Description: Discover how Chatty Kathy, an innovative project developed at the UNC Bootcamp, aims to tackle the challenge of low physical activity among older adults. Our AI-driven solution uses peer interaction to boost and sustain exercise levels, significantly improving health outcomes. This presentation covers our problem statement, the rationale behind Chatty Kathy, synthetic data and persona creation, model performance metrics, a visual demonstration of the project, and potential future developments. Join us for an insightful Q&A session to explore the potential of this groundbreaking project. Project Team: Jay Requarth, Jana Avery, John Andrews, Dr. Dick Davis II, Nee Buntoum, Nam Yeongjin & Mat Nicholas

一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理

g4dpvqap0

毕业原版【微信:41543339】【(爱大毕业证书)爱丁堡大学毕业证】【微信:41543339】成绩单、外壳、offer、留信学历认证（永久存档真实可查）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。【我们承诺采用的是学校原版纸张（纸质、底色、纹路），我们拥有全套进口原装设备，特殊工艺都是采用不同机器制作，仿真度基本可以达到100%，所有工艺效果都可提前给客户展示，不满意可以根据客户要求进行调整，直到满意为止！】【业务选择办理准则】一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信41543339】文凭即可二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信41543339】即可三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。留信网认证的作用: 1:该专业认证可证明留学生真实身份 2:同时对留学生所学专业登记给予评定 3:国家专业人才认证中心颁发入库证书 4:这个认证书并且可以归档倒地方 5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息 6:个人职称评审加20分 7:个人信誉贷款加10分 8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才留信网服务项目： 1、留学生专业人才库服务（留信分析） 2、国（境）学习人员提供就业推荐信服务 3、留学人员区块链存储服务 → 【关于价格问题（保证一手价格）】我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子我给客户的都是第一手的代理价格，因为我想坦诚对待大家不想跟大家在价格方面浪费时间对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。选择实体注册公司办理，更放心，更安全！我们的承诺：客户在留信官方认证查询网站查询到认证通过结果后付款，不成功不收费！

Adjusting OpenMP PageRank : SHORT REPORT / NOTES

Subhajit Sahu

For massive graphs that fit in RAM, but not in GPU memory, it is possible to take advantage of a shared memory system with multiple CPUs, each with multiple cores, to accelerate pagerank computation. If the NUMA architecture of the system is properly taken into account with good vertex partitioning, the speedup can be significant. To take steps in this direction, experiments are conducted to implement pagerank in OpenMP using two different approaches, uniform and hybrid. The uniform approach runs all primitives required for pagerank in OpenMP mode (with multiple threads). On the other hand, the hybrid approach runs certain primitives in sequential mode (i.e., sumAt, multiply).

The Building Blocks of QuestDB, a Time Series Database

javier ramirez

Talk Delivered at Valencia Codes Meetup 2024-06. Traditionally, databases have treated timestamps just as another data type. However, when performing real-time analytics, timestamps should be first class citizens and we need rich time semantics to get the most out of our data. We also need to deal with ever growing datasets while keeping performant, which is as fun as it sounds. It is no wonder time-series databases are now more popular than ever before. Join me in this session to learn about the internal architecture and building blocks of QuestDB, an open source time-series database designed for speed. We will also review a history of some of the changes we have gone over the past two years to deal with late and unordered data, non-blocking writes, read-replicas, or faster batch ingestion.

Analysis insight about a Flyball dog competition team's performance

roli9797

一比一原版(Coventry毕业证书)考文垂大学毕业证如何办理

74nqk8xf

毕业原版【微信:41543339】【(Coventry毕业证书)考文垂大学毕业证】【微信:41543339】成绩单、外壳、offer、留信学历认证（永久存档真实可查）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。【我们承诺采用的是学校原版纸张（纸质、底色、纹路），我们拥有全套进口原装设备，特殊工艺都是采用不同机器制作，仿真度基本可以达到100%，所有工艺效果都可提前给客户展示，不满意可以根据客户要求进行调整，直到满意为止！】【业务选择办理准则】一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信41543339】文凭即可二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信41543339】即可三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。留信网认证的作用: 1:该专业认证可证明留学生真实身份 2:同时对留学生所学专业登记给予评定 3:国家专业人才认证中心颁发入库证书 4:这个认证书并且可以归档倒地方 5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息 6:个人职称评审加20分 7:个人信誉贷款加10分 8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才留信网服务项目： 1、留学生专业人才库服务（留信分析） 2、国（境）学习人员提供就业推荐信服务 3、留学人员区块链存储服务 → 【关于价格问题（保证一手价格）】我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子我给客户的都是第一手的代理价格，因为我想坦诚对待大家不想跟大家在价格方面浪费时间对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。选择实体注册公司办理，更放心，更安全！我们的承诺：客户在留信官方认证查询网站查询到认证通过结果后付款，不成功不收费！

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The Future of Economics

6. bill@scientificrevenue.com Retail Strategies are Starting to Emerge What Bill Sees What Bill’s Wife Sees (example from existing game, Not an SR customer) © 2014. Company Confidential and Not for Redistribution.

11. bill@scientificrevenue.com In the World of Airlines • Non-negotiated pricing • Flexible return policy • Segmentable market demand • Highly competitive markets / little or no vendor loyalty • Generally available ratecards • Pre-existing anchoring on pricing and rates • Infrequent, large-dollar amount purchases • Customers return months or years later • Low variable costs • Fixed capacity • Inventory can be changed from one product to another • Perishable inventory

12. bill@scientificrevenue.com In the World of Digital Content • Non-negotiated pricing • Flexible return policy • Segmentable market demand • Highly competitive markets / little or no vendor loyalty • Generally available ratecards • Pre-existing anchoring on pricing and rates • Infrequent, large-dollar amount purchases • Customers return months or years later • Low variable costs • Fixed capacity • Inventory can be changed from one product to another • Perishable inventory “One sided haggling” -- Ability to offer different prices at different times. Market conditions change depending on user engagement. Pricing can be highly personalized and based on deep knowledge of individual consumer Anchoring depends on vertical but is mostly mitigated by virtual currency formulations Large numbers of small transactions occurring close together in time Costs mostly variable Unlimited capacity and inventory Durable inventory

13. bill@scientificrevenue.com A Phone or Tablet … • … Is the way in which digital content is consumed • … Is a long-term persistent identifier that can be associated with behavior • … Contains a vast amount of information about the person (which changes over time) • … Is a personalized point-of- sale-device with built in confidentiality and security © 2014. Company Confidential and Not for Redistribution.

15. bill@scientificrevenue.com© 2014. Company Confidential and Not for Redistribution. Finally we are in a position to answer that age old question … Which is stronger Intertemporal Price Discrimination or Operant Conditioning

18. bill@scientificrevenue.com

19. bill@scientificrevenue.com

21. bill@scientificrevenue.com

23. bill@scientificrevenue.com

30. bill@scientificrevenue.com Academic Collaborations © 2014. Company Confidential and Not for Redistribution. World class economist looking for game studios interested in exploring the fundamentals of currency design. Topics of interest include: • Coin size and divisibility. • Maximum wallet sizes / inability to carry the money around. • Limiting the total amount of currency in a game (for example, a loyalty currency. You can earn the coins, if they're out there) • Transferability (stealing, gifting, ...) • Universality (spendable everywhere or in select locations? Spendable at all times, or just sometimes)

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