The Value of Consumer Venturesomeness
Amar Bhide discusses the inherent uncertainty and risk involved in consumer decision-making, particularly when it comes to purchasing and adapting complex gadgets. He emphasizes the importance of resourceful problem solving and the unique knowledge consumers bring to optimizing their own use of technology. Additionally, he highlights the role of user feedback in driving product improvement and the benefits that a venturesome economy can reap.In this clip
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EconTalk
Amar Bhide on Outsourcing, Uncertainty, and the Venturesome Economy
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