The Impact of Financial Innovation

We could say that two events in 1973 changed financial markets. The CBOE (Chicago Board Options Exchange) starts trading. The Black-Scholes Model for pricing options (most simply the right to buy or sell a security at a future date) was published.…

Why a Laundry Folding Robot is About More Than a Chore

In 2020, a Laundroid might be folding your laundry. The size of a refrigerator, the Laundroid has a bottom bin in which you can place a crumpled t-shirt. Five minutes later when you return, neatly folded, it awaits you. We could save 9,000 hours–maybe…

A Closer Look at Self-Driving Cars

Demonstrated by its mapping needs, self-driving cars will unleash creative destruction through a long list of new technologies and social norms.