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Kpaxs's profile
Thibaut
Thibaut
Thibaut
@Kpaxs

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Thibaut

@Kpaxs

Cellular automaton.

Joined June 2009

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    1. Thibaut‏ @Kpaxs 31 Dec 2017

      25/ A “personbyte” is defined as the maximum knowledge and knowhow carrying capacity of a human. At the individual level, there is a limit to the amount of knowledge and knowhow we can accumulate in our brain and nervous system.

      2 replies 12 retweets 57 likes
      Show this thread
    2. Thibaut‏ @Kpaxs 31 Dec 2017

      26/ Therefore, it not only requires that we break up knowledge and knowhow into chunks that are smaller than the ones an individual can hold but also a structure to reconstitute it: a network.

      2 replies 11 retweets 58 likes
      Show this thread
    3. Thibaut‏ @Kpaxs 31 Dec 2017

      27/ Our collective ability to accumulate knowledge is therefore limited by both the finite capacity of individuals and the problem of connecting individuals in a network.

      2 replies 8 retweets 73 likes
      Show this thread
    4. Thibaut‏ @Kpaxs 31 Dec 2017

      28/ A successful band not only requires each musician to have a deep knowledge of his instrument but also requires musicians to know how to play together. Practice time is required when replacing one of the musician.

      2 replies 5 retweets 48 likes
      Show this thread
    5. Thibaut‏ @Kpaxs 31 Dec 2017

      29/ Bonding social capital understood as ability to connect people is as important as human capital defined as knowledge and knowhow that is embodied in humans.

      1 reply 8 retweets 53 likes
      Show this thread
    6. Thibaut‏ @Kpaxs 31 Dec 2017

      30/ The basics of social network formation is based on three simple ideas: shared social foci, triadic closure, and homophily.

      1 reply 6 retweets 54 likes
      Show this thread
    7. Thibaut‏ @Kpaxs 31 Dec 2017

      31/ A shared social foci means simply that links are more likely to form among people who share a social focus (i.e., classmates, workmates…)

      3 replies 5 retweets 46 likes
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    8. Thibaut‏ @Kpaxs 31 Dec 2017

      32/ Triadic closure means that links are more likely to form among people who share friends.

      1 reply 2 retweets 32 likes
      Show this thread
    9. Thibaut‏ @Kpaxs 31 Dec 2017

      33/ Homophily, on the other hand, attempts to explain the links that stick—it is the idea that links are more likely to form among people who have similar interests and characteristics.

      1 reply 2 retweets 42 likes
      Show this thread
    10. Thibaut‏ @Kpaxs 31 Dec 2017

      34/ An outcome of these tie formation mechanisms is that social networks are composed of clusters of similar people, who often have highly overlapping knowledge and information.

      3 replies 2 retweets 36 likes
      Show this thread
      Thibaut‏ @Kpaxs 31 Dec 2017

      35/ Social networks help drive the formation of professional networks and tend to bring into a firm people who are similar to the ones already there. Deloitte got 49 percent of its experienced hires from referrals.

      9:17 AM - 31 Dec 2017
      • 4 Retweets
      • 35 Likes
      • Charles Marcellus TruthSeeker Anmol Verma Mario Arias Jr. crazy glitch asian Neeraj Rahul Ramchandani Amir Moin UDIT AGARWAL
      1 reply 4 retweets 35 likes
        1. New conversation
        2. Thibaut‏ @Kpaxs 31 Dec 2017

          36/ Firms, networks of individuals, developed according to the classical view of Adam Smith’s division of labor and scale economies.

          1 reply 2 retweets 22 likes
          Show this thread
        3. Thibaut‏ @Kpaxs 31 Dec 2017

          37/ Simply put, cooking dinner for one is more expensive than cooking for a family of five: cooking for five does not take five times the effort or ingredients than cooking for one.

          2 replies 4 retweets 35 likes
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        4. Thibaut‏ @Kpaxs 31 Dec 2017

          38/ Nevertheless, firms don’t grow endlessly and analogously to the “personbyte” have also a quantization limit: the “firmbyte”.

          1 reply 3 retweets 29 likes
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        5. Thibaut‏ @Kpaxs 31 Dec 2017

          39/ Transaction cost theory study the cost of economic links and the ways in which people organize to deal with commercial interactions.

          1 reply 2 retweets 25 likes
          Show this thread
        6. Thibaut‏ @Kpaxs 31 Dec 2017

          40/ When the external transactions become less costly than the internal transactions, firms stop growing since it is better for them to buy things from the market than to produce these internally: the cheaper the link, the larger the network.

          1 reply 6 retweets 44 likes
          Show this thread
        7. Thibaut‏ @Kpaxs 31 Dec 2017

          41/ Williamson’s classifies the links (ie transactions) in two axes: by frequency (recurrent and occasional) and specificity (nonspecific to idiosyncratic).

          1 reply 2 retweets 23 likes
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        8. Thibaut‏ @Kpaxs 31 Dec 2017

          42/ Buying coffee is a nonspecific recurrent transaction. Purchasing a home is an occasional and specific interaction. It is easy to understand the difference in term of paperwork and people needed to establish a commercial link.

          1 reply 2 retweets 25 likes
          Show this thread
        9. Thibaut‏ @Kpaxs 31 Dec 2017

          43/ During the last decades the cost of market transactions has fallen due to for examples transportation costs but a as well as emergence of standards.

          1 reply 1 retweet 24 likes
          Show this thread
        10. Thibaut‏ @Kpaxs 31 Dec 2017

          44/ Language is the quintessential standard. While still linguistically fragmented, language allows people to weave networks by empowering them with the ability to communicate complex ideas and coordinate their actions.

          1 reply 3 retweets 37 likes
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        11. Thibaut‏ @Kpaxs 31 Dec 2017

          45/ While those costs decrease, a network of firms is developing, increasing our ability to accumulate knowledge in networks of markets interactions.

          1 reply 1 retweet 24 likes
          Show this thread
        12. Thibaut‏ @Kpaxs 31 Dec 2017

          46/ Nevertheless, links requiring large amount of paperwork and people’s time can be a bureaucratic burden and very costly.

          1 reply 1 retweet 23 likes
          Show this thread
        13. Thibaut‏ @Kpaxs 31 Dec 2017

          47/ Extreme levels of inefficiency can only be supported by organizations whose revenue stream does not depend on their interactions with others. In a government, most of the personbytes available are consumed by internal procedures.

          1 reply 4 retweets 41 likes
          Show this thread
        14. Thibaut‏ @Kpaxs 31 Dec 2017

          48/ Bureaucratic transactions costs (detailed contracts, insurance …) can be significantly reduced with trust. Trust makes links cheaper, allowing networks to grow larger. Trusts is the large networks’ glue.

          3 replies 14 retweets 73 likes
          Show this thread
        15. Thibaut‏ @Kpaxs 31 Dec 2017

          49/ At a macro level, we can observe a diversification toward related varieties. There is a bias favoring the emergence of an industry in the places, or networks of people, that already have accumulated much of the knowledge and knowhow needed for that industry.

          1 reply 2 retweets 26 likes
          Show this thread
        16. Thibaut‏ @Kpaxs 31 Dec 2017

          50/ Places producing curtains are preadapted to produce tablecloths but not espresso machines. By analogy, a zebra and a crocodile might be similar in terms of overall complexity, but evolving a horse from a zebra is easier than evolving a horse from a crocodile.

          1 reply 2 retweets 26 likes
          Show this thread
        17. Thibaut‏ @Kpaxs 31 Dec 2017

          51/ Another good example of this nestedness of industry-location data is the Silicon Valley. If HP, Atari, and Xerox PARC had not been located in the valley, it is likely that the knowledge and knowhow needed to get Apple started would not have been there.

          1 reply 5 retweets 35 likes
          Show this thread
        18. Thibaut‏ @Kpaxs 31 Dec 2017

          52/ The idea of product space, a network connecting similar products, help understand the dynamics of industrial diversification and at a fundamental level explains the growth of economies as the growth of information.

          1 reply 3 retweets 25 likes
          Show this thread
        19. Thibaut‏ @Kpaxs 31 Dec 2017

          53/ As the universe moves on and entropy continues to increase, our planet continues its rebellious path marked by information rich pockets. Our lives compute forward in a universe that has no past.

          2 replies 4 retweets 42 likes
          Show this thread
        20. Thibaut‏ @Kpaxs 31 Dec 2017

          NOTE1: All credit goes to @cesifoti, author of the most interesting book I read in 2017: "Why Information Grows: The Evolution of Order, from Atoms to Economies”.pic.twitter.com/mB7npNkggh

          7 replies 26 retweets 182 likes
          Show this thread
        21. End of conversation

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