Diversity of Idea Flows and Economic Growth
What role does access to diverse ideas play in economic growth? New forms of geo-located communications and economic data allow measurement of human interaction patterns and prediction of economic outcomes for individuals, communities, and nations at a fine granularity, with the strongest predictors...
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| Format: | Article |
| Language: | English |
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Tsinghua University Press
2020-09-01
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| Series: | Journal of Social Computing |
| Subjects: | |
| Online Access: | https://www.sciopen.com/article/10.23919/JSC.2020.0007 |
| _version_ | 1811344616778104832 |
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| author | Alex Pentland |
| author_facet | Alex Pentland |
| author_sort | Alex Pentland |
| collection | DOAJ |
| description | What role does access to diverse ideas play in economic growth? New forms of geo-located communications and economic data allow measurement of human interaction patterns and prediction of economic outcomes for individuals, communities, and nations at a fine granularity, with the strongest predictors of income, productivity, and growth being measures of diversity and frequency of physical interaction between communities (clusters of interaction). This finding provides both new investment opportunities and new methods of risk assessment. Access and use of these data raise privacy and security risks, and the final section of the paper describes how these challenges can be controlled. |
| first_indexed | 2024-04-13T19:50:50Z |
| format | Article |
| id | doaj.art-32554f811ef9448599f48b6affee5d16 |
| institution | Directory Open Access Journal |
| issn | 2688-5255 |
| language | English |
| last_indexed | 2024-04-13T19:50:50Z |
| publishDate | 2020-09-01 |
| publisher | Tsinghua University Press |
| record_format | Article |
| series | Journal of Social Computing |
| spelling | doaj.art-32554f811ef9448599f48b6affee5d162022-12-22T02:32:33ZengTsinghua University PressJournal of Social Computing2688-52552020-09-0111718110.23919/JSC.2020.0007Diversity of Idea Flows and Economic GrowthAlex Pentland0<institution>Massachusetts Institute of Technology (MIT)</institution>, <city>Cambridge</city>, <state>MA</state> <postal-code>02139-4307</postal-code>, <country>USA</country>.What role does access to diverse ideas play in economic growth? New forms of geo-located communications and economic data allow measurement of human interaction patterns and prediction of economic outcomes for individuals, communities, and nations at a fine granularity, with the strongest predictors of income, productivity, and growth being measures of diversity and frequency of physical interaction between communities (clusters of interaction). This finding provides both new investment opportunities and new methods of risk assessment. Access and use of these data raise privacy and security risks, and the final section of the paper describes how these challenges can be controlled.https://www.sciopen.com/article/10.23919/JSC.2020.0007idea flowopportunitywealthinequalitysegregationforagingprivacypolicy |
| spellingShingle | Alex Pentland Diversity of Idea Flows and Economic Growth Journal of Social Computing idea flow opportunity wealth inequality segregation foraging privacy policy |
| title | Diversity of Idea Flows and Economic Growth |
| title_full | Diversity of Idea Flows and Economic Growth |
| title_fullStr | Diversity of Idea Flows and Economic Growth |
| title_full_unstemmed | Diversity of Idea Flows and Economic Growth |
| title_short | Diversity of Idea Flows and Economic Growth |
| title_sort | diversity of idea flows and economic growth |
| topic | idea flow opportunity wealth inequality segregation foraging privacy policy |
| url | https://www.sciopen.com/article/10.23919/JSC.2020.0007 |
| work_keys_str_mv | AT alexpentland diversityofideaflowsandeconomicgrowth |