Tag Archives: information cost

Why Google & Wikipedia are making us dumber

Google and Wikipedia turn everyone into instant experts on any given subject matter. However, because we know that information is easily available again, we make very little effort to retain it. Plus, with the mobile revolution (slowly) progressing, we now have the ability to get at that information from where we choose. As we learned […]

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Instant Information Devaluation

Information cost is a fickle animal. Ironically, information has the most value right before it’s made available to a person. This value isn’t always in the pure financial sense, but also includes the time spent to gain that information. However, as soon as the transfer of information occurs, that attained information by itself has zero […]

Posted in Economics | Also tagged , , , , , , | 2 Responses