Michael G. Jacobides’ Post

Another course, another learning experience! Now via the Stanford University platform, one of the top five in the world. The focus here is to further improve my knowledge of the modern economy. Topics such as: The Competitive Equilibrium Model, The Labor Supply and Demand Model, Tax Policy, Transfers and Income Distribution, Financial and Capital Markets, Macro Policy Issues. These are some topics during these next ten weeks. May the journey begins!

SofC Distinguished Scholar-in-Residence and Professor University of Toronto - Rotman School of Management, Richard Florida, is featured on Rotman’s Office Hours series, talking about the future of downtowns: what residents go there for post-pandemic, and what we need to do to keep them coming: https://lnkd.in/gpCE2yEi

Detroit is on the cusp of redefining its identity as a destination for technology and innovation, and Michigan Chronicle Pancakes and Politics Forum III will be at the forefront of this conversation. Taking place on May 23, 2024, at 7:50 AM, located at One Campus Martius, this highly anticipated event will explore the city’s vision for cultivating a thriving culture centered on cutting-edge technology and innovation. The panel, moderated by the insightful Dennis Archer, will bring together some of Michigan’s most influential leaders to shed light on the challenges and opportunities ahead. Lieutenant Governor Garlin Gilchrist II will share his perspectives on how the state is positioning itself to attract and retain top-tier tech talent. CEO of Michigan Central , Josh Sirefman will provide insight into business attraction and how the region is creating fertile ground for tech companies. Hilary Doe, Chief Growth and Marketing Officer of the Michigan Economic Development Corporation, will delve into strategic pro-business public policies, while Johnnie Turnage, Co-Founder of Black Tech Saturdays, will highlight how grassroots innovation efforts can transform Detroit’s tech landscape. The panelists will tackle pressing issues such as talent retention and policies that enable businesses to flourish. The audience can expect a thought-provoking and illuminating discussion on the infrastructure, investments, and strategic frameworks necessary to cement Detroit’s place as a beacon of tech innovation. Article Breaking Down Barriers: https://lnkd.in/d_Jf-naA Ebony JJ Curry, MSJ, Jeremy Allen Hiram E. Jackson Marquise Burns Cathy Nedd Jemell Cotton Detroit Regional Chamber 🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽 #togetherwecan #strongertogether #BlackTechSaturdays #blackexcellence #blacklove #blackjoy #blackintech #latinxintech #womenintech #diversityintech #equity #Entrepreneurship #Detroit #youcaninmichigan

It is foundational in the U.S. DoD that measuring effectiveness is what matters in determining whether an information activity is successful. Tangential to this is “Do more, do better!” But measuring for measuring’s sake and following a “broad and wide” Do-more” mentality doesn’t work. At least it primarily doesn’t work in and through the Information Environment. Read more to see what must be done!

Why is digital equity crucial to shaping government and society? Watch this CTRL+SHIFT Democracy panel discussion on how technology impacts government at https://lnkd.in/eXvdMjeX. Hear from experts, including Robert H. Wilson, Distinguished Visiting Professor at UCONN School of Public Policy; Lauren Thompson of CT Commission for Educational Technology; and Christine Gauvreau of the CT State Library. Learn more about ensuring equal opportunities for all citizens in the digital age. #CTOldStateHouse #CTDemocracyCenter. 

📊 𝐄𝐥𝐞𝐜𝐭𝐢𝐨𝐧𝐬, 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐓𝐫𝐚𝐩 𝐨𝐟 𝐂𝐨𝐠𝐧𝐢𝐭𝐢𝐯𝐞 𝐁𝐢𝐚𝐬𝐞𝐬: 𝐓𝐢𝐦𝐞 𝐭𝐨 𝐋𝐞𝐚𝐫𝐧 𝐟𝐫𝐨𝐦 '𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥' 𝐌𝐢𝐬𝐭𝐚𝐤𝐞𝐬? Reflecting on recent discussions about the outcome of the 2024 Trump vs. Harris election, it's a timely reminder of how historical forecasting errors, like those from the 2016 Trump vs. Clinton race, continue to surprise many. 𝙒𝙝𝙮 𝙙𝙤 𝙬𝙚 𝙨𝙩𝙞𝙡𝙡 𝙜𝙚𝙩 𝙞𝙩 𝙬𝙧𝙤𝙣𝙜, 𝙙𝙚𝙨𝙥𝙞𝙩𝙚 𝙗𝙚𝙩𝙩𝙚𝙧 𝙙𝙖𝙩𝙖 𝙖𝙣𝙙 𝙖𝙡𝙜𝙤𝙧𝙞𝙩𝙝𝙢𝙨? 🔍 According to the HBR article “Blindsided by Trump’s Victory?” from 2016, by Eben Harrell and other sources included in the first comment, the reasons lie in persistent 𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐩𝐨𝐨𝐥𝐢𝐧𝐠 𝐛𝐢𝐚𝐬𝐞𝐬, 𝘵𝘩𝘰𝘶𝘨𝘩 𝘵𝘩𝘦𝘳𝘦 𝘤𝘰𝘶𝘭𝘥 𝘣𝘦 𝘰𝘵𝘩𝘦𝘳 𝘦𝘹𝘱𝘭𝘢𝘯𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘴 𝘸𝘦𝘭𝘭: - 𝐎𝐯𝐞𝐫𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞 𝐁𝐢𝐚𝐬: Analysts often show overconfidence, especially when their predictions align with their preferred outcomes. This false sense of certainty frequently results in inaccurate forecasts. - 𝐒𝐚𝐦𝐩𝐥𝐢𝐧𝐠 𝐁𝐢𝐚𝐬: Many exit polls focus on well-educated, urban voters, overlooking key segments of the population. This leads to a skewed and narrow understanding of the electorate. - 𝐒𝐨𝐜𝐢𝐚𝐥 𝐃𝐞𝐬𝐢𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐁𝐢𝐚𝐬: Voters might hesitate to share their true preferences, fearing backlash if their views oppose the dominant narrative. This reluctance skews polling data, contributing to unexpected results. 📚 Check the first comment for additional insights and sources discussing these and other common pitfalls in election forecasting. 🗣️ We want to hear from you! What are your reflections on these predictive challenges? Share your thoughts and experiences with our community. #Election2024 #BehavioralScience #PollingBias #ManagementHistory #CommunityReflections Academy of Management Academy of Management Insights Harvard Business Review Harvard Business Publishing Education -> https://lnkd.in/dGt5ajP7

In case you missed it, here is one of our most cited papers at Strategy Science: “Superior Strategy in Entrepreneurial Settings: Thinking, Doing, and the Logic of Opportunity” by Kathleen M. Eisenhardt and Christopher B. Bingham https://lnkd.in/gtqthmd6. Explore how superior strategists in nascent markets fuse accurate cognitive mental models of the strategic playing field (thinking) with action at the "edge of chaos" (doing) to capture fleeting opportunities.

Democratic leadership must constantly be reinvigorated and renewed. Matches such as Harris and Whitmer need to be considered at some point. A matter of when more than if. https://lnkd.in/gU46PDw3 But we need to start with the capabilities required. What all the noise about Joe Biden and Trump misses, along with new ticket gossip, is a concrete and explicit articulation of the most important capabilities needed: 1) The Economy - experience in the Federal Reserve and in translating monetary policy into outcomes for all Americans. Thomas Barkin. 2) Philanthropic Powerhouses and Innovators - Those at the leading edge of innovating in climate, housing, health, and education. Bloomberg and Gates. 3) Technology - AI partnerships and incentives to ensure the US stays at the forefront of global technologies. Bar none. Cloud. Machine learning. AI. Satellites. Robotics. Genetics. Healthcare. Fertility. Bezos, Nadella. Venture Capitalists and Healthcare Innovators. 4) Foreign policy - Russia and China. Europe. Human rights. Safety. Chips. Trade policy. Warfare innovation. Clinton. 5) Corporate and private / public partnerships - The government is about the economy and the economy is about the government. We need manufacturing incentives and intentional investing to take our country and international alliances to their full potential. Warren Buffett. 6) Citizenship Education - The results we have seen in the UK and France are heartening. At the same time, the amount of noise and news dedicated to 100% impractical policy is stunning. We need more interactive mechanisms to dialogue with the public about complicated topics. Fewer soundbites. More layman's terms. Difficult topics cannot be resolved through a quick debate. Also, educational programs and curricula need to be updated for the world we live in now. Together, we need to get unstuck and focus on building new capabilities. We need policies that help everyone but also recognize that billionaires are not evil, know a lot, and that knowledge and those resources can be used for the benefit of all. Let's create winning teams that enable us to partner domestically and abroad so we can get unstuck and move faster. Time to evolve the conversation and news coverage. #unstuck

Great to have friend and business partner Dr. Brad Klontz here in New York this week, meeting with firms and celebrating nearly two years of our business dedicated to supporting firms and advisors. With over 5,000 advisors, numerous firms, Affirming Advisor™, and nearly 100 universities involved, we are just getting started. Big announcements to come this summer. Financial Psychology is taking over the world! #wealthmanagement #financialplanning #financialpsychology