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Richard Thaler wins the Nobel prize for economic sciences

THE credit-card bill arrives. You have enough money in a savings account to pay it off—the sensible thing to do, arithmetically speaking, since the interest rate on the credit-card balance far exceeds that earned on the savings. Yet you leave the savings untouched, and pay only as much of the bill as your current-account balance allows. What looks a daft choice to most economists made perfect sense to Richard Thaler, who on October 9th was awarded the Nobel prize for economics for his work in behavioural economics. Mr Thaler helped demonstrate how human reasoning diverges from that of the perfectly rational homo economicus used in most economic modelling. The world, and the field of economics, is better for his contributions.

Economists mostly recognise that normal people—their friends and family—fall short of omniscience and perfect rationality in making day-to-day decisions. Economic modelling requires simplification, however, and economists generally suppose that…Continue reading

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New SharePoint features: metadata magic, connected site families

I’m still processing the overwhelming number of new features announced at Ignite 2017. Microsoft produced a really amazing event. It was extraordinarily well orchestrated, with key “moments” highlighting each day of the conference.

The flow of the event went from the general to the specific — with big picture “roll up” announcements early in the week and deeper dives as the week progressed. The experience capped off with an epic private party at the Universal Orlando theme park.

The announcements and new features in SharePoint were impressive as well — especially what will soon arrive to Office 365 lists and libraries. These announcements had this information architect happy dancing in her seat — and I’d like to share a few of the key new and upcoming magical capabilities that I think will have a big impact on SharePoint adoption and business outcomes. (For more

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